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Olegator [25]
3 years ago
11

Response questions generally focus on

Business
2 answers:
likoan [24]3 years ago
7 0
D all of the above. when you type or write response questions they focus on the main ideas or important topics in the subject you have learned about and sometime they might ask if you can define a word or use a word in a sentence.
andrew-mc [135]3 years ago
4 0
D all of the above. Why? Because the other guy said the same thing which confirms my beliefs AND I'm a business major so boom take that W and move on with your life
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Pharoah Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at Dece
ANTONII [103]

Answer:

$6,689

Explanation:

As we know that the inventory should be recorded at cost or net realizable value which ever is lower

Particulars      Item Units      Unit Cost         Net Realizable Value    LCNRV

Minolta              7                    $175                $157                              $157

Canon               11                    142                   176                               $142

Vivitar               14                    130                   111                                $111

Kodak               17                     120                  132                              $120

So, the amount of ending inventory is

= 7 units  × $157 + 11 units × $142 + 14 units × $111 + 17 units × $120

= $1,099 + $1,562 + $1,988 + $2,040

= $6,689

4 0
3 years ago
Which of the following is not an appropriate member of an audit committee?
Naya [18.7K]
It’s B, have a good day☀️
7 0
3 years ago
Consider the following simplified balance sheet of a commercial bank: ASSETS LIABILITIES Vault cash $200 $3500 Deposits Deposits
andrezito [222]

Answer:

Check the following calculations

Explanation:

(a)

Actual Reserves = Vault cash + Deposits at the Federal Reserve

Actual Reserves = $200 + $300

Actual Reserves = $500

The actual reserves are $500.

Calculate Required Reserves -

Required Reserves = Deposits * Required reserve ratio

Required Reserves = $3500 * 0.10 = $350

The required reserves are $350.

Calculate Excess Reserves -

Excess reserves = Actual reserves - Required Reserves

Excess reserves = $500 - $350 = $150

The Excess reserves are $150.

(b)

A bank can increase the amount of its loan by the amount of excess reserves it held.

This bank has excess reserves of $150.

So, this bank can increase its loans by $150.

(c)

Calculate Money multiplier -

Money multiplier = 1/Required reserve ratio = 1/0.10 = 10

The money multiplier is equal to 10.

(d)

Calculate total expansion of loan by entire banking system -

Total expansion = Increase in loan by individual bank * Money multiplier

Total expansion = $150 * 10 = $1,500

The entire banking system can expand their loans by $1,500.

(e)

The new wealth directly created from this expansion of deposits is equal to the quantum of expansion in deposits.

The deposits has expanded by $1,500.

So, new wealth directly created from this expansion of deposits is $1,500.

5 0
3 years ago
Carla Corporation was organized on January 1, 2014. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stoc
velikii [3]

Hey! How are you? My name is Maria, 19 years old. Yesterday broke up with a guy, looking for casual sex.

Write me here and I will give you my phone number - *pofsex.com*

My nickname - Lovely

8 0
3 years ago
On April 11 of the current year, Zack Corporation had a market price of $48 per share of common stock. Its par value was $10 per
ki77a [65]

Answer:

8%

Explanation:

Dividend yield is a measure of business performance, used by investors which compares dividend paid by a stock to its market share.

Given the above information,

Dividend yield = $3.90/$48 × 100 = 8.13%

4 0
2 years ago
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