Answer:
A) $800,000
Explanation:
Since the current reserve ratio is 20%, and the bank has no excess reserves, then the maximum it can lend if it receives $1 is $800,000.
The bank has currently $50 million in deposits and $10 million in reserves ($6 million in cash and $4 million in the Fed), so its reserves are exactly 20% of its total deposits. So if any new deposits are received, the bank will have to keep as reserves 20% of it (= $1,000,000 x 20% = $200,000).
This type of banking system is called the fractional banking system because banks are only required to keep a fraction of the money they receive as deposits and they can lend the rest to other clients.
Answer:
Hahahahahahahha is it that much difficult
School nurse
Lunch lady and
Teachers
Answer:
$106 million
Explanation:
allowance for doubtful accounts
debit credit
beg. balance 426
bad debt 85
ending balance <u>405 </u>
106
Since you need $106 million to balance the account, that should be the amount of bad debt written off during the current year. Allowance for doubtful accounts is a contra asset account, any debit balance increases accounts receivable while a credit balance decreases it.
Answer:
yes I agree
Explanation:
<em>because</em><em> </em><em>different</em><em> </em><em>organizations</em><em> </em><em>manufacture </em><em>or </em><em>provide </em><em>different</em><em> </em><em>goods </em><em>and </em><em>services</em><em> </em><em>so </em><em>it's </em><em>not </em><em>possible</em><em> </em><em>for </em><em>them </em><em>to </em><em>have </em><em>the </em><em>same </em><em>planning</em><em> </em><em>practices </em><em>take </em><em>for instance</em><em> </em><em>an </em><em>organization</em><em> </em><em>that </em><em>deals </em><em>with</em><em> </em><em>the </em><em>provision </em><em>of </em><em>food </em><em>to </em><em>refugees</em><em> </em><em>and </em><em>an </em><em>organization</em><em> </em><em>that</em><em> </em><em>deals </em><em>with </em><em>the </em><em>manufacturing</em><em> </em><em>of </em><em>goods</em><em> </em><em>these </em><em>two </em><em>organizations</em><em> </em><em>will </em><em>plan </em><em>differently</em><em> </em><em>on </em><em>how </em><em>to </em><em>go </em><em>about </em><em>with </em><em>there </em><em>businesses</em><em>.</em>
<em>I </em><em>hope</em><em> this</em><em> helps</em>