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Answer: $40,000
Explanation:
The maximum amount of additional money that Carland National Bank can create will be calculated as the difference between the total reserve and the excess reserve. This will be:
= Total reserve – required reserve
where,
Total reserve = $60,000
Required reserve = 200000 × 10%
= 200,000 × 0.1
= $20,000
Therefore,
Excess reserve = $60000 - $20000
Excess reserve = $40000
Answer:
$20 million
Explanation:
Data provided in the question:
Book value of assets in 2005 = $1,200 million
Fair value of assets in 2005 = $955 million
Book value of assets in 2006 = $720 million
Fair value of assets in 2006 = $700 million
Now,
Impairment Loss = Fair value - Carrying value of Net assets
or
Impairment Loss
= Fair value of assets in 2006 - book value of assets in 2006
= $700 million - $720 million
= - $20 million [ Here, the negative sign means a loss]
Hence,
Impairment loss of $20 million
Answer:
13.33%
Explanation:
The computation of the equivalent taxable yield is shown below:
Data provided in the question
Coupon rate = 8%
Combined tax bracket = 40%
So, the equivalent taxable yield by using the above information is
= (Coupon rate) ÷ (1 - tax rate)
= 8% ÷ 1 - 0.40
= 8% ÷ 0.60
= 13.33%
Basically we divide the coupon rate by the percentage after considering the tax rate
Answer:
44
Explanation:
Opening units 710
Started 8200
8910
Transffered -7650
Closing 1260
Cost Table
Cost opening current total complete WIP Equivelant cost
Head cost cost cost units units prod. units per unit
Material 8,000 138,000 146,000 7,650 1,134 8,784 16.6211
C C 7,000 324,000 331,000 7,650 882 8,532 38.7951 55.4163
