<span>A bank is legally required to hold a fraction of its deposits as required reserves. These regulations are a requirement and set by most banks around the world. They set minimum amounts that must be held all the type to serve as a reserve in case of an </span>emergency.
Answer:
The correct answer is A) Debt increased by $1.6 trillion
Explanation:
To find whether the government has a surplus or a deficit, we use this simple formula:
Govt surplus/deficit = G-T
where G = government outlays, and T= government revenue or taxes.
- If G > T Government has a deficit
- if G = T Government has a balanced budget
- if G < T Government has a budget surplus
Now, we simply replace the terms
- Govt surplus/deficit = $3.8 billion - $2.2 trillion = $1.6 billion
Because in this equation G > T, the government is in deficit, the deficit equals $1.6 billion, and will have to be financed by issuing debt. Hence, debt will increase by the same amount.
Answer:
$3.02 per share
Explanation:
The computation of the earning per share is shown below:
we know that
Earnings per share = (Net income - preferred dividend) ÷ Weighted average outstanding common shares
= ($2,150,000 - $70,000) ÷ 688,000 shares
= $3.02 per share
<u>Date Particulars No. of shares
</u>
01/01-31/12 610000 × 12 ÷ 12 (610000 × 1.04) $634,400
28/02-31/12 63000 × 10 ÷ 12 (52500 × 1.04) $54,600
01/07-31/12 (2000) × 6 ÷ 12 -$1,000
Weighted average outstanding common shares 688,000
Answer:
The correct answer is letter "A": beliefs.
Explanation:
Beliefs are preconceived ideas individuals have based on their thoughts and experiences. Some beliefs could be wrong moreover when the individual experience is little or insignificant about a topic. Beliefs tend to be subjective most of the time and represent a true for individuals that can be confirmed or corrected.
