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ryzh [129]
3 years ago
6

Gaston Bank had interest revenues of $70 million last year and $30 million in interest expenses. About $300 million of Gaston's

$800 million in assets are rate sensitive, while $600 million of its liabilities are rate sensitive. Gaston Bank's gap is $____.
Business
1 answer:
Nezavi [6.7K]3 years ago
4 0

Answer:

The gap amounts to $200 million

Explanation:

Computing the Gap of the Gaston bank using the formula as:

Gap = Rate Sensitive Asset - Rate Sensitive Liabilities

where

Rate Sensitive Asset amounts to $800 million

Rate Sensitive Liabilities amounts to $600 million

Putting the values above in order to compute the Gaston Bank Gap as:

Gap = $800 million - $600 million

Gap = $200 million

Therefore, the Gap of the Gaston bank amounts to $200 million

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A corporation is:_________
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Explanation:

A corporation is an organization which is seen legally as being separate from the owner(s). Legally, a corporation is seen as being on its own and therefore can: obtain loans, be Sue, pay taxes etc.

6 0
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Wholesome Cuisine, a frozen foods company, decides to create a new mail order meal division, focused on offering delicious food
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Idea development

Explanation:

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3 years ago
A statute that imposes a 10-year jail sentence for driving while intoxicated would be best classified as _______________________
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Answer:

a. Civil, procedural, and public.

Explanation:

A statute that imposes a 10-year jail sentence for driving while intoxicated would be best classified as civil, procedural, and public.

7 0
3 years ago
Beaver Construction purchases new equipment for $50,400 cash on April 1, 2015. At the time of purchase, the equipment is expecte
mariarad [96]

Answer:

Beaver Construction

1. Journal Entry:

April 1, 2015:

Debit Equipment $50,400

Credit Cash Account $50,400

To record the purchase of new equipment for cash.

2. December 31, 2015:

Debit Depreciation Expense-Equipment $5,400

Credit Accumulated Depreciation - Equipment $5,400

To record the depreciation expense for the period.

3. Adjusted balances of Accumulated Depreciation and Depreciation Expense at December 31, 2015:

a) Accumulated Depreciation - Equipment

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Depreciation Expense $5,400

Ending balance            $5,400

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Explanation:

The depreciation expense for equipment is $5,400 ($600 x 9) since the depreciation charge for each month is $600.  The equipment was used from 9 months from April 1 to December 31 in 2015.  This implies that only $5,400 will be charged to Income Statement for the period.

7 0
3 years ago
Our society is increasingly becoming more diverse. Discuss how this affects you as an individual, an organization, and society a
Mekhanik [1.2K]

Answer

Hello,

Well, a diverse society is stable and alive with positive dynamics, easy to adapt to changes and always geared towards a positive evolutionary.

As an individual, a diverse society offers greater opportunity for personal and professional growth.

In the society, diverse cultural views can inspire creativity and innovation. A diverse society has a pool of diverse skills base which allows an organization to produce broader and more adaptable range of goods and services.

A challenge in this is that integration across multicultural groups can be difficult due to negative cultural stereotypes. Some countries require navigating visa and application of employment laws that could be challenging requirements.

Diversity quotas in colleges can be outlawed but still allow colleges to consider race in admitting students.

Wish you luck!

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