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liraira [26]
3 years ago
13

One of the unique problems that banks face is: A. they hold illiquid assets to meet liquid liabilities. B. they hold liquid asse

ts to meet liquid liabilities. C. they hold liquid assets to meet illiquid liabilities. D. both their assets and their liabilities are illiquid.
Business
1 answer:
neonofarm [45]3 years ago
4 0

Answer:

B. they hold liquid assets to meet liquid liabilities.

Explanation:

  • As the banks are the credit institutions that need to have a digital transformation that thrives in the current markets.
  • And banks have to deal with the customer retention and increasing competition and apart from that, they have to hold a liquid asset as to meet the liquid liabilities are some of the unique issues that are associated with the banking system.
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The Income Statement for Pumpkin Co. is shown below:
Alik [6]

100000875466555547899977

5 0
3 years ago
During 2012, Robby's Camera Shop had sales revenue of $170,000, of which $75,000 was on credit. At the start of 2012, Accounts R
klio [65]

Answer:

1) December 31, 2012, bad debt write off

Dr Bad debt expense 1,700

    Cr Accounts receivable 1,700

December 31, 2012

Dr Bad debt expense 1,125

    Cr Allowance for doubtful accounts 1,125

2) Bad debt expense must be recorded in the income statement and it reduces net income. Both transactions reduce net accounts receivable on the balance sheet.

3) It doesn't seem to be appropriate because just one bad account (J. Doe) was higher than 1.5%. A large % of accounts receivable is still outstanding (= $27,275 / $75,000 = 36.4%) and they should include approximately four months of credit sales. This means that unless the company issues a very long credit, a much larger percent is past due.

Explanation:

net accounts receivable January 1, 2012 = $15,100

credit sales 2012 = $75,000

collections on accounts receivable $60,000

net accounts receivable December 31 = $15,100 + $75,000 - $60,000 - $1,700 - $1,125 = $27,275

8 0
3 years ago
During 2019, its first year of operations, Bento Steel Corporation reported a net operating loss of $500,000 for financial repor
erastovalidia [21]

Answer:

The amount of net income reported in 2020 income statement would be $75,000.

Explanation:

Pretax accounting income for 2020 = $100,000

Income tax expense for 2020 = Current tax + Reversal of Deferred tax assets

= ($100,000 - $100,000)*25% + ($100,000*25%)

= $25,000

Amount of net income reported in 2020 income statement = Pretax accounting income - Income tax expense

= $100,000 - $25,000

= $75,000

Therefore, The amount of net income reported in 2020 income statement would be $75,000.

8 0
3 years ago
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<span>A.) Jessica is low risk and will pay her outstanding balances on time.</span>
6 0
3 years ago
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Costs being equal, when a firm has a higher value gap than its competitor, it can be inferred that the firm:
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Can charge a premium price for its items or goods and also for administrations charges usually termed as services .   
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