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White raven [17]
3 years ago
13

Use the information presented in Midwestern Mutual Bank's balance sheet to answer the following questions.

Business
1 answer:
ratelena [41]3 years ago
3 0

Answer:

Answer for task 1: Increase

Answer for task 2: debt

Answer for task 3: -13.33

Answer for task 4: -14.00

Answer for task 5: reserve requirement

Explanation:

<u>Task 1:</u>

In the given question, the owner has borrowed $100 supplement to their existing reserves. Since the owner has borrowed, the value of debt would <u>increase</u>.

<u>Task 2:</u>

<u>Leverage ratio before borrowing:</u>

Leverage ratio = \frac{Total assets}{Capital}

Leverage ratio = \frac{200 + 800+1000}{-150}

Leverage ratio = -13.33

The leverage ratio before borrowing is - 13.33

<u>Task 3:</u>

<u>Leverage ratio after borrowing:</u>

Leverage ratio = \frac{Total assets}{Capital}

Leverage ratio = \frac{2000 + 100}{-150}

Leverage ratio = -14.00

The leverage ratio after borrowing is - 14.00

<u>Task 4:</u>

This would also bring the leverage ratio from its initial value of -13.33 to a new value of -14.00.

<u>Task 5:</u>

<u>Which of the following do bankers take into account when determining how to allocate their assets? Check all that apply.</u>

The option is<u> "b"</u>

When determining how to allocate their assets bankers take into account the reserve requirement.

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Answer:

a) $1,000

Explanation:

Early Settlement Discount

This form of quotation is common with suppliers offering their customers deferred payment arrangement in a sale contract. Usually, under this arrangement customers are allowed to purchase goods on credit and settle their acccount at a specified  later date.

However, to encourage customers to pay up their outstanding earlier than expected, suppliers do offer early settlement discount as incentives to induce prompt payment.

A quotation of 2/10, n/30

This implies that the customer is a given a 30-day period from the date of purchase within which he is expected to settle his account. However, if he does so within the next 10 days of purchase he will be given a 2% discount.

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Since the payment will be made on August 12, no cash discount will received. Therefore, a payment of gross amount of $1,000 would be credited to the cash account.

7 0
3 years ago
Malcolm Industries recently hired a large number of workers for the company's new construction factory in Colorado. During the h
Arturiano [62]

The complete question should have been:

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B.) Values

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Answer: Age.

Explanation:

Malcolm Industries made use of Age as the Surface Level Characteristic that determined who would be employed. A surface level characteristics can be defined as differences that individuals possesses that easily be identified when they are seen.

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Answer:

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Adjusted gross income $99,500

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