The Owner's Equity for commercial banks in 2017-2018 is $0.4 billion.
The given is,
Borrowings = $0.10 Billion
Owner's Equity = $0.40 Billion
<h3 /><h3>What is the formula for the total liabilities?</h3>
Total liabilities = deposits + borrowings
So we have Borrowings = total liabilities - deposits
Borrowings in 2017
= $14.60 - 11.90
= $2.70 billion
Borrowings in 2018
= $14.80 - $12.20
= $2.60 billion
Borrowings from 2017-2018
= 2.60 - 2.70
= $0.10 billion
Owner's Equity= total assets - total liabilities
Owner’s equity in 2017
= $16.2 - $14.6
= $1.6 billion
Owner’s equity in 2018
= $16.8 - $14.8
= $2 billion
Owner's Equity from 2017-2018
= 2 - 1.6
= $0.4 billion
To learn more about the Borrowings visit:
brainly.com/question/15948713
27 * 35
= 20*35 + 7 * 35
= 700 + 245
= 945
It is asking what 7/8 of 2/3 is. The "of" means you need to multiply. 7/13 is the answer.
The total cost of the meal is $37.80
Given:
Food bill = $30
tip = 20%
sales tax = 6%
Tip and sales tax must be based on the food bill.
Tip = $30 x 20% = $6
Sales Tax = $30 x 6% = $1.80
Food bill : 30.00
Tip 6.00
Sales tax <u> 1.80</u>
Total cost 37.80