All categories

3 years ago

Assume $1,000 is deposited in a checkable account by mr. y in bank

1 answer:

4 0

Hi there

1,000÷0.20
=5,000

5,000−1,000
=4,000....Answer (this is the total amount of money can be created)

Hope it helps

You might be interested in

When the risks of the individual components of a project’s cash flows are different, an acceptable procedure to evaluate these c

maxonik [38]

The answer would be the first one for sure

3 0

3 years ago

After customer service representatives are trained, their phone calls are monitored to determine if the CSRs are applying the le

Grace [21]

Answer:

Behavior

Explanation:

The era has been changed most of the customer is shopping online and if they are found defective in the product, the customer always dials a customer care number by resolving their problem.

For example a customer buys a laptop online and after a few days, customers found hanging issues. Customers will dial a customer care number of that particular brand and get helped from them.

Why the customer is found helped? The simple reason that the executive who represents the brand learns lessons and get trained for behavior and the knowledge of that product from the company. The customer looks behavior of the executive and from this, the customer builds a relationship with a brand.

On the other hand, the calls are being monitored for quality and training purposes.

8 0

3 years ago

Suppose that on January 6, 2018, Excel Motors paid $240,000,000 for its 45% investment in Dynamic Motors. Excel has significant

Ivenika [448]

Answer: provided in the explanation segment

Explanation:

To begin we will answer each part accordingly.

For Requirement 1 :

I would say that Excel Motors should use the Equity method to account for its investment in Dynamic Motors, because the investment results in significant influence over the investment company.

For Requirement 2 :

In the books of Excel Motors: we have that;

Transaction/ Event Date Accounts&Explanation Debit ($

) Credit($

)

1. Jan 6, 2018 Investment in Associate 240,000,000

Cash 240,000,000

Accnt&Explan: To record cash paid for equity investment in Dynamic Motors.

2. Cash ( $ 15,000,000 x 45%) 6,750,000

Investment in Associate 6,750,000

Accnt&Explan:To record dividend received in cash from Dynamic Motors

3. Investment in Associate ( $ 10,000,000 x 45%) 4,500,000

Investment Revenue 4,500,000

Accnt&Explan:To record income earned on equity investment

For Requirement 3:

Equity Investment in Dynamic Motors:

Cash 240,000,000 Cash 6,750,000

Investment Income 4,500,000

Ending Balance 237,750,000

244,500,000 244,500,000

The balance would be classified as a non-current asset on the balance sheet dated December 31, 2018

cheers i hope you understand, this is actually in a tabular form.

8 0

3 years ago

Break-Even Analysis Media outlets often have websites that provide in-depth coverage of news and events. Portions of these websi

kogti [31]

Answer:

Break-even point= 7,900 new costumers

Explanation:

Giving the following information:

Assume that during a recent fiscal year, one outlet spent $1,659,000 on a promotional campaign for its website that offered two free months of service for new subscribers.

In addition, assume the following information: Number of months an average new customer stays with the service (including the two free months) 22 months Revenue per month per customer subscription $16 Variable cost per month per customer subscription $5.

Break-even point= fixed costs/ contribution margin

Fixed costs= 1,659,000

Contribution margin= (16*20)-(5*22)= 210

Break-even point= 1,659,000/210= 7,900 new costumers

6 0

3 years ago

Catherine is a U.S. citizen who is employed by DSC, Inc., a global company. Beginning on August 1, 2020, Catherine began working

marin [14]

Answer:

a. Is Catherine eligible for the foreign income exclusion for 2020?

Yes

b. Catherine may exclude <u>$45,104</u> from her gross income for 2020.

Explanation:

In order for Catherine to qualify for the foreign income exclusion, she must have lived in a foreign country for at least 1 one (physical presence test). She lived for more than 1 year if we combine her residence in Germany and Slovenia.

The foreign income exclusion amount for 2020 is $107,600, and Catherine can exclude up to (153 days / 365 days) x $107,600 = $45,103.56 ≈ $45,104.

5 0

3 years ago