First let us identify if the asset is a gain
or loss. An asset is a gain if it contributes to the banks overall finance while
it is a loss if it is a cost directly or indirectly.
Deposits of $300 million = Gain (+)
Reserves of $20 million = Gain (+)
<span>Purchased government bonds worth $300 million
= Loss (-) ---> This entails
cost</span>
Selling bank’s loans at current market value
of $600 million = Gain (+)
Therefore adding up everything to get the banks net worth:
Stealth banks net worth = $300 M + $20 M - $300 M + $600 M
<span>Stealth banks net
worth = $620 million</span>
<span>Economic growth is an increase amount of services or/ and goods produced by head of population over a period of time</span>
Ethically probably harder,
Answer:
Cash $33,000
To Deferred rent revenue $33,000
(Being cash is recorded)
Explanation:
The Journal entry is shown below:-
January 1, 2018
Cash $33,000
To Deferred rent revenue $33,000
(Being cash is recorded)
For recording the Tabitha record on January 1, 2018, we simply debited the amount of cash and credited the deferred revenue as the payment is received.
Answer: B.At equilibrium, quantity supplied and quantity demanded are equal ensuring that at that price consumers will not want more and producers will not supply more.
Explanation:
The point where the market demand and marker supply curves intersect is known as the equilibrium point. The price at which equilibrium occurs is the market clearing price.
It is called the market clearing price because at that price both producers and customers are in equilibrium. Above the equilibrium price, there's is excess supply and below the equilibrium price, there's excess demand.
