The Second National Bank of Guthrie has opened an office in Chile. This office offers a full line of services and is not a separate legal entity from the Second National Bank of Guthrie. The type of office the Second National Bank of Guthrie open in Chile is the<u> Branch Office</u>
Explanation:
A branch office is one that :
- That offers a full line of services and is not a separate legal entity from the Second National Bank of Guthrie.
A branch office is a location, which is other than the main office, where a business is conducted. A branch office consist of MANY smaller divisions of different DEPARTMENTS of the company such as human resources, marketing, and finance.
The main Difference between a branch office and a subsidiary is that a branch office is not a separate legal entity of the parent corporation whereas a subsidiary is a separate legal entity from the parent, although owned by the parent corporation.
Answer:<u><em> The amount and character of Daniela's gain or loss from the distribution will be $0.</em></u>
Explanation:
Given : Daniela is a 25% partner in the JRD Partnership, liquidating distribution of $16,000 cash, inventory with a $16,000 fair value (inside basis $8,000), and accounts receivable with a fair value of $8,000.
<u><em>Here, Daniela will not recognize any gain or loss on the distribution. She will instead reduce the basis of the inventory she receives in complete liquidation of her interest.</em></u>
Answer:
B. the excess of sales over the break-even volume of sales.
Explanation:
The formula to compute the margin of safety is shown below:
The margin of safety = Expected sales - break-even sales
where,
Expected sales = Selling price per unit × Unit sales
And, the break-even sales equal to
= (Fixed cost) ÷ (Contribution margin Ratio)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
Answer:
equity:
-He cuts the pie into eight equal slices.
-He cuts the pie into many slices so that everyone gets a piece.
Efficiency:
-He lets one person eat the whole pie.
-He makes sure that the whole pie is eaten.
Explanation:
Equity deals with distribution i.e to ensure things are equally distributed
While
Efficiency is trying to make sure things are completely used up i.e act of preventing waste
Answer:
reserves will be 0.1 billion
Explanation:
given data
discount rate = 1 %
borrow = $2 billion
reserve ratio = 10%
discount rate= 4.0% to 3.5%
to find out
bank reserves will be
solution
we know here discount rate is 1 % with borrow additional $2 billion and reserve ratio is 10%
and here discount rate is 0.5 % for 4% to 3.5 %
so here we can say bank will borrow $2 billion × 0.5
bank borrow = $1 billion
and
here bank reserves increase that is 10% × $1 billion
so reserves will be 0.10 × $1 billion = 0.1 billion