1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stiks02 [169]
2 years ago
14

Which one of the following statements is correct concerning the concept of materiality?

Business
1 answer:
Alchen [17]2 years ago
5 0

Answer:

D) Materiality is a matter of professional judgement

Explanation:

You might be interested in
Suppose that a bank's actual reserves are $5 million, its checkable deposits are $5 million, and its excess reserves are $3 mill
lesya692 [45]

The reserve requirement is 40%.

<h3>What is the reserve requirement?</h3>

Reserve requirement is the percentage of deposits that is required of commercial banks to keep as reserves with the Central Bank. The reserve requirement is a told that is used by the Central Bank of a country to control the level of money supply in the economy.

The first step is to determine the reserves of the bank.

Reserves = checkable deposits - excess reserves

$5 million - $3million = $2 million

Reserve requirement : (reserves / checkable deposits) x 100

($2 million / $5 million ) x 100 = 40%

To learn more about reserve requirement, please check: brainly.com/question/6831267

#SPJ1

4 0
2 years ago
For each of the following transactions, identify the net asset classification (without donor restrictions, with donor restrictio
Igoryamba
2 donor donated a nonprofit of cash in 65k in June
7 0
3 years ago
Step 1: Review the case study below. Dewey, Cheatham, and Howe are partners in a law firm operated as a general partnership. Dew
3241004551 [841]

Answer:

do your own work serously

Explanation:

3 0
3 years ago
What is nursing ?why is it needed?​
Free_Kalibri [48]

Answer: What type of nursing?

3 0
3 years ago
Read 2 more answers
A storage tank acquired at the beginning of the fiscal year at a cost of $90,000 has an estimated residual value of $12,000 and
MrRa [10]

Answer:

The annual depreciation under straight line method is $3,120

And under double-declining method:

Year 1 = $7,200

Year 2= $6,624

Explanation:

Please find the attached for the calculations

7 0
2 years ago
Other questions:
  • Micah is an exchange student from the U.S. living in Japan. He wants to buy a new-release movie for 2,000 Japanese yen. When he
    11·2 answers
  • __________ reverses the usual process of first designing a new​ product, determining its​ cost, and then​ asking, "can we sell i
    5·1 answer
  • Jack is preparing for a party and makes potato salad, but he does not realize that the salad contains one escherichia coli bacte
    15·1 answer
  • Joe spends $20,000 during his two semesters in college on rent, food, books, tuition, and entertainment. Joe’s opportunity cost
    10·1 answer
  • John, 45 years old and unmarried, contributed $1,000 monthly in 2018 to the support of his parents' household. The parents lived
    9·1 answer
  • Telemarketers receive $15 commission on all new customers they sign up for cell phone service through Movill Networks. Each tele
    7·1 answer
  • Kieu Corporation constructs a new warehouse. It pays $100,000 for materials and $70,000 to the general contractor. Architectural
    6·1 answer
  • A machine purchased three years ago for $309,000 has a current book value using straight-line depreciation of $187,000; its oper
    14·2 answers
  • Gabriele Enterprises has bonds on the market making annual payments, with nine years to maturity, a par value of $1,000, and sel
    9·1 answer
  • What is the current price of a $1,000 par value bond maturing in 12 years with a coupon rate of 14 percent, paid semiannually, t
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!