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3 years ago

The function of the South African Reserve Bank as bank supervisor entails …

Business

1 answer:

monitta3 years ago

3 0

Answer:

[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.

Explanation:

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Chester's balance sheet has $77,842,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also

SashulF [63]

Answer:

$84,842,000

Explanation:

The book value is total assets less total liabilities

Book value = initial equity + equity issued + net income

$77,842,000 + $4,000,000 + $3,000,000 = $84,842,000

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3 years ago

Anna withdrew funds from her bank and purchased 500 shares of ABC stock at the recommendation of her broker. Which one of these

Pavel [41]

Answer:

The answer is "Anna's broker"

Explanation:

The delegated monitoring would be a financial intermediary as it borrows from small investors and uses uncontrolled liabilities (deposits) (whose loans it monitors).

In opposition to individuals that monitor the buyer independently, it relates to delegating the job of watching with such a bank and therefore satisfies the description of delegated monitor from Anna broker parties.

4 0

3 years ago

Beth has just been hired as a cocktail waitress. she must be certified as a seller-server within:

Zielflug [23.3K]

The answer to this question is 30 days
This 30 days delay after certification is to make sure that the certification holder still stay up to certain standards even after the certification.
This ensure the quality and the validity of the certification process and meke it more trustworthy in the eyes of the consumers.

6 0

3 years ago

At December 31, 2020, the following information was available for Concord Corporation: ending inventory $35,750, beginning inven

Evgen [1.6K]

Answer:

a. Inventory Turnover = 5.299 times or 5.30 times

b. Days in Inventory = 69 days

Explanation:

To calculate the inventory turnover, we first need to find out the avergae inventory. The average inventory is calculated by adding the opening and the closing inventory and dividing the sum by 2.

Average Inventory = (35750 + 63500) / 2 = $49625

The inventory turnover is,

Inventory Turnover = Cost of Sales / Average Inventory

Inventory Turnover = 263000 / 49625 = 5.299 times or 5.3 times

Days in inventory is the period for which, on average, the inventory is kept and sold completely.

We can calculate days in inventory simply by dividing the number of days for which we are calculating the ratio for, say in this case one years or 365 days by the inventory turnover ratio we calculated.

Days in inventory = 365 / 5.30 = 68.8679 or 69 days

4 0

3 years ago

On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. common stock at $28.53 per share. The stock is classified as a

inessss [21]

The journal entry to record the <em>sale of the 3,500 shares</em> of stock on November 17 is as follows:

Debit Cash $102,550

Credit Investment in Marcelo Corp $99,855

Credit Gain from Sale of Investment $2,695

Data and Calculations:

February 15: Investment in Marcelo Corp $199,710 Cash $199,710 ($28.53 x 7,000)

April 15 Cash $8,050 Dividends Receivable $8,050

November 17: Cash $102,550 Investment in Marcelo Corp $99,855 Gain from Sale of Investment $2,695

Thus, the journal entry to record the <em>sale of 3,500 shares</em> is a debit to Cash, a credit to Investment, and a credit to Gain from Sale of Investment.

Learn more about recording the sale of investment in shares here: brainly.com/question/25781760

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2 years ago