B. To focus on a global market.
Answer:
Outstanding checks
Explanation:
One of the reasons why a cash book and a bank statement might <em>not show identical entries arise</em> from outstanding checks.
Outstanding checks are payments that have not yet been cleared and debited to the account at the bank.
Answer:
Yes, because the job offer is for longer than one year from March 1
Explanation:
Since in the question it is mentioned that Sara who is a student have offered a job on March 1 that begins on June 15 and she have to move to california for the job. So here the Sara would ask the letter in the case when she accepted the offer immediately as the job offer would be more than one year i.e. from March 1
Therefore the above represent the answer
Answer:
$380 million
Explanation:
Given that,
Deposits = $120 million
Required reserve ratio = 20 percent
Total bank reserves = $100 million
Required reserve ratio refers to the portion of deposits that is kept with the reserve bank.
Required reserves:
= Deposits × Required reserve ratio
= $120 million × 0.2
= $24 million
Excess reserves:
= Total reserves - Required reserves
= $100 - $24
= $76
So, there is a excess reserves in this economy.
Money multiplier = 1/Required reserve ratio
= 1/0.2
= 5
Therefore, the total money creation potential of this deposit is as follows:
= Excess reserves × Money multiplier
= $76 × 5
= $380 million
Hence, an increase in deposit creation by $380 million.
Answer:
A= $4,838.95 monthly
Explanation:
Giving the following information:
She is currently planning to retire in 30 years and wishes to withdraw $10,000/month for 20 years from her retirement account starting at that time.
First, we need to calculate the amount needed for retirement:
FV= 10,000*12*20= 2,400,000
Now, we can use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
Effective rate= 0.02/12= 0.0017
n= 12*30= 360
A= (2,400,000*0.0017)/[(1.0017^360)-1]
A= $4,838.95 monthly
