Answer:
When silo gimp graduated from college with a degree in flower growing. He was voted AS THE FLORIST OF THE YEAR
Explanation:
Anyone that studies flower growing or horticulture is a florist or could be voted as one which made Silo to win such an award.
B. False. There are usually multiple choices depending on credit score and such.
It is very important to pay attention to these notes because, it is the notes that will indicate when the use of the combination code is appropriate and it will also point out the codes that are combined into one combination code.
Net change in assets = 15,000+ 75,000
= $90,000
<h3>1-Receive payment of $12,000 owed by a customer</h3>
- No effect on asset
- No effect on liability
- No effect on equity
<h3>2-Buy $15,000 worth of manufacturing supplies on credit</h3>
- Assets increase by $15,000
- Liabilities increase by $15,000
- No effect on equity
<h3>3-. Purchase equipment for $44,000 in cash</h3>
- No effect on asset
- No effect on liability
- No effect on equity
<h3>4-Issue $75,000 in stock</h3>
- Assets increase by $75,000
- No effect on liability
- Equity increases by $75,000
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We are asked to solve for the excess reserves. There are given values such as:
Checkable deposits = $ 150,000,000
Total reserves = $12,000,000
Required reserve ratio = 8%
Solving for reserve amount, we have:
Reserve amount = 0.08 * $150,000,000 = $ 12,000,000
Solving for the excess:
Excess reserves = $ 12,000,000 - $12,000,000 = $0
The answer is $0.
