Answer:
The answer is (c) First National Bank is not in a position to extend additional loans.
Explanation:
Please find the below for detailed explanation and calculations:
The First National Bank current reserve ratio is calculated as : Vault cash and deposits of the Bank with the Fed/ Total demand deposits of the Bank = $80 million / $400 million = 20%.
As the First National Bank' reserve ratio is now equal to the Fed's Reserve Requirement, First National Bank can not further extend its loan portfolio's balance, otherwise, its reserve ratio will fall below Fed's requirement which is not acceptable.
So, the answer is (c).
Answer: E) functional strategy
Explanation:Functional strategies are operational strategies. They are short-term goal-directed decisions and actions of the organization's various functional areas.
The role of functional strategy is to work together to achieve business and corporate strategies. They are where competitive and corporate strategies get implemented.
Answer:
Part A.
$16.75
Part B.
Variable costing income statement for 2017
Fi
Part C.
Part D.
Absorption costing income statement for 2017
Explanation:
<em>The question is incomplete, however see explanations below</em>
Cost per unit - Variable Costing
<em>Only consider the Variable Manufacturing Costs</em>
Cost per unit - Variable Costing = $16.75
Cost per unit - Absorption Costing
<em>Consider Both Variable and Fixed Manufacturing Costs</em>
Answer:
0.65 per share
Explanation:
Calculate weighted average share
Date Weighted average share
Jan 1 200*1.05*2/12 35
Mar 1 (200-24)*1.05*4/12 61.6
July 1 184.80*3/12 46.2
Oct 1 188.80*3/12 47.2
Total 190
Earning per share = (150-27)/190 = 0.65 per share
Answer:
effective annual yield = 6.09
Explanation:
given data
rate r = 6%
compounded semi-annually
solution
we get here effective annual yield that is express as
effective annual yield = 
- 1 ..................1
here n is 2 for semi-annually
put here value and we get
effective annual yield = 
- 1
effective annual yield = 0.0609
effective annual yield = 6.09 %
effective annual yield = 6.09
