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Dominik [7]
3 years ago
6

Macroeceomics Assets Liabilities and Net Worth Reserves $27,000 Checkable Deposits $110,000 Loans 50,000 Stock Shares 200,000 Se

curities 33,000 Property 200,000Refer to the accompanying balance sheet for the ABC National Bank. Assume the required reserve ratio is 20 percent. Assuming the bank loans out all of its remaining excess reserves as a checkable deposit and has a check cleared against it for that amount, its reserves and checkable deposits will now be:__________.
Business
1 answer:
finlep [7]3 years ago
7 0

Answer:

Assuming the bank loans out all of its remaining excess reserves as a checkable deposit and has a check cleared against it for that amount, its reserves and checkable deposits will now be: $5000

Explanation:

Checkable deposit = 110,000  

Required reserve = 20% of 110,000

                              = 22,000

Reserves = $27,000

Excess reserve = 27,000 - 22,000

                          = $5000

So, this bank can safely expand its loans by a maximum of $5000 ( i.e, excess reserve)

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Rachel's Designs has 1,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
Damm [24]

Answer:

In 2021, preferred stockholders will be paid $9000 dividends while common stockholders will be paid $1000 in dividends.

Explanation:

The preferred share are cumulative which means that they accrue dividends in case the company is unable to pay dividend in a certain year. This means that the company needs to pay the preferred dividend in future whenever it declares dividends if it has not paid the dividend on preferred share in the previous years.

The preferred dividends are paid prior to the common stockholders.

Thus, the dividend for 2019 and 2020 will be paid along with that of 2021 when the company pays dividends in 2021.

The preferred dividend per year is = 50 * 0.06 * 1000 = $3000

The accrued preferred dividends for 2019 and 2020 are = 3000 * 2 = 6000

Preferred dividend to be paid in 2021 = 6000 + 3000 = $9000

Common stock dividends to be paid in 2021 = 10000 - 9000 = $1000

4 0
4 years ago
Which questions can help someone who is starting to think about personal vision and goals?
Reil [10]

6/66

born with

talents

things you like to do for fun, such as cooking, reading, or painting.

Some people will share your hobbies, but others might not find those things interesting at all. The skills you learn from your hobbies can give you an advantage in careers in those fields.

You might also get to know other people who share your hobby, and this could help you build a career in that field.

7 0
4 years ago
Kelly’s Jewelry has the following transactions during the year: total jewelry sales = $750,000; sales discounts = $20,000; sales
zubka84 [21]

Answer:

net sales: 638,000

Explanation:

Accounting works on accrual basis. We must match the transaction with the period they occur. The year-end adjustment are done to reflect the discount, return and allowance forthe current year sales so; we must include thme in the calculation for this year. If not, then we will be charging next year sales with discount on sales of the previous year.

salesrevenue :                         750,000

discount (20,000 + 2,000)      (22,000)

allowance (30,000 + 4,000)    (34,000)

returns  (50,000 + 6,000)        (56,000)

net sales:                                  638,000

6 0
4 years ago
Shanna, a calendar year and cash basis taxpayer, rents property to be used in her business from Janice. As part of the rental ag
andreyandreev [35.5K]

}{y}[/tex]Answer:

For part A) The <u>entire 2019 is deductible.</u>

For part B) $9,075

Explanation:

FOR PARTE A) we know the equation is:

\frac{24,200}{y} number of months where y is 12 (which means the entire year) and the number of months will be also 12. So the equation will be:

\frac{24,200}{12} 12 and the answer will be 24,200 which means the entire year is deductible.

FOR B) the equation to be used  will be replaced by 24 (two years) and the number of month will be 9.

so the equation is:

\frac{24,200}{24} 9

the answer wil be $9,075

5 0
4 years ago
If an american student purchases a calculator made by a mexican owned company located in arizona, what would happen to consumpti
Nesterboy [21]
They would increase.

Supposing that the Mexican owned company stays in the USA for more than a year, the student's expenditure will be accepted.
6 0
3 years ago
Read 2 more answers
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