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sergeinik [125]
4 years ago
5

As of December 31, 2010, the assets listed on the balance sheet of Bank A were: $1.5 million in cash reserves, and $6 million in

outstanding loans to its customers. Its liabilities totaled $6.5 million in checking deposits. What was the bank's net worth on that date?
Business
1 answer:
Vsevolod [243]4 years ago
7 0

Answer:

net worth: 1.0 millions

Explanation:

the net worth of a bank is the result of subtracting the liabilities from his total assets:

Total Assets: 7.5 million (1.5 cahs + 6.0 note receivables)

Total Liabilities: 6.5 millions

net worth: 7.5 assets - 6.5 liabilities = 1.0 millions

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3 years ago
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An airport parking lot charges $5.00 for the first two hours of parking and $0.75 for each additional half hour or part thereof.
VLD [36.1K]

Answer:

$14

Explanation:

Sam parks his car for 8 hours, the first two hours cost $5 and he would pay $0.75 for every half hour after the first two hours . That means he would pay $1.50 for every hour after the first two hours.

He spent 6 hours extra. The total amount that would be paid = $1.50 × 6 = $9

He would pay a total of $9 for the 6 hours extra he parked his car.

The cost of parking for the 8 hours is = $9 + $5 = $14

I hope my answer helps you

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3 years ago
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Each economy possesses resources and technology to use in production. true or false
kicyunya [14]

Answer:

True.  as land is limited and the technology can be developed and used for good.

Explanation:

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7 0
3 years ago
Vinny asks if he should force spud to finish the job. could oscar get a court order requiring spud to actually build the display
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The correct answers to the questions are as follows:
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2. The correct answer is this: NO, SINCE BREACHING A CONTRACT IS USUALLY HELD TO BE A BUSINESS DECISION [NOT AN ACTION OF MORAL TURPITUDE] PUNITIVE DAMAGES ARE RARELY AWARDED IN CONTRACT CASES.
Punitive damages are damages imposed by the court of law, which are targeted at differing an offender and others from engaging in conducts that are similar to that which formed the basis of the concerned lawsuit. Punitive damages are usually awarded if the court feels that the compensatory damages awarded is not enough to compensate the injured party. Punitive damages are only awarded in special cases and usually under tort law; punitive damages generally can not be awarded in contract disputes. 

5 0
3 years ago
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strojnjashka [21]
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</span>
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