A system that permits banks to hold less than 100 percent of their deposits as reserves is called a

Mickey is a 12-year-old dialysis patient. Three times a week for the entire year he and his mother, Sue, drive 20 miles one way

gavmur [86]

Answer:

The right approach will be "$ 1123.2".

Explanation:

The number of miles to be used will be:

= $40 \ miles \ round \ trip\times 3 \ trips \ per \ week\times 52 weeks$

= $6240 \ miles$

Now,

The item deduction will be:

= $Number \ of \ used \ miles\times 18 \ cents \ per \ mile$

= $6240\times 1123.2$

= $1123.2$ ($)

4 0

3 years ago

Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's

forsale [732]

Answer:

Comet's E&P will decrease by $50,000 due to the exchange.

Explanation:

50 of Pam's shares are worth 50 x $1,000 = $50,000, since the corporation is redeeming them, it will do so by decreasing its earnings and profits (retained earnings account).

Generally when larger corporations buy back stocks (AKA treasury stocks), they will credit cash and debit treasury stocks, but since Pam's stocks are being retired, they are not going to be held as treasury stocks, therefore E&P must decrease.

6 0

3 years ago

4. List three reasons for dividing a grill into zones of varying heat intensity.

SCORPION-xisa [38]

In the United States broiling is a top-down heat whereas grilling is a bottom-up heat. Grilling is anything where heat is aimed at food, top, side, or down. Baking in the UK is the same as in the U.S. (convective or ambient temperature equivalent cooking.)

Hey only know #6 so i hope this helps

3 0

3 years ago

One method of setting price using the cost-plus method is to add

Amiraneli [1.4K]

Cost-plus pricing, also known as mark-up price, takes place when a firm calculates its unit costs and then adds a percentage profit to determine price.

6 0

3 years ago

Shanna Engel started up a new nonprofit organization in 2013 named Concern for Animal Shelter and Habitats (CASH). The organizat

lesya [120]

Answer:

Net Assets = Total Liabilities - Total Assets

Transaction # 1

Cash comes under Permanantly Restricted Net Assets

Hence -

Net Assets = $50,000 - $50,000 = $0

Transaction # 2

As there was no transaction took place hence nothing to be reported.

Transaction # 3

Inventory comes under supply & its temporarily restricted net assets

Hence

Net Assets = $1750 - $1750 = $0

Transaction # 4

Advertising comes under Permanently Restricted Net Assets

Hence

Net Assets = $0 - (-$5000) = $0 + $5000 = $5000

Transaction # 5

Office Equipments comes under Temporarily Restricted Net Assets

Hence

Net Assets = Total Liabilites - Total Assets

= $ 5000 - [ - $5000 + $10000 ]

= $ 5000 - $5000 = $0

Hence ending balance is

Unrestricted Net Asstes = $0

Temporarily Restricted Net Asstes = $0

Permanently Restrcited Net Asstes = $5000

Explanation:

See attached file for table

8 0

3 years ago