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4 years ago

Commercial banks create money by

Business

2 answers:

vampirchik [111]4 years ago

8 0

C I think I'm not sure look

ki77a [65]4 years ago

8 0

Answer: D. making loans while only keeping a fraction of deposits in cash on hand at any given time.

Explanation:

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Answer:

strategic management: strategy formulation, strategy implementation, and evaluation and control.

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3 years ago

Business incubators provide assistance to established companies attempting to generate foreign sales.

svetlana [45]

Business incubators assist established companies attempting to generate foreign sales. This statement is false.

<h3>What is Business?</h3>

The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services).
Additionally, it includes "any activity or enterprise undertaken for profit."
The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.

<h3>What do you mean by the company?</h3>

A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two.
Members of the company work together for a shared cause to accomplish clearly stated objectives.
Companies come in many shapes, including voluntary associations, such as nonprofit organizations, for-profit companies, banks, and programs, or educational institutions, whose goal is to make a profit.

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7 0

2 years ago

Examples of the bs of our society?

Luba_88 [7]

You don’t ask to be born but are expected to do everything asked of you

6 0

3 years ago

Which of the following is an example of how high student loan debt can

irina [24]

A person may choose to rent instead of buying a property as they can't afford a down payment

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1 year ago

Rane Company had the following assets on January 1, 2017.

Viefleur [7K]

Answer:

Journal entries are prepared below

Explanation:

Journal entries required are given as follows

Jan. 1 (To record retirement of machinery)

Debit Credit

Accumulated depreciation-equipment $69,580

Equipment $69,580

June. 30 (To record the depreciation expense on forklift)

Debit Credit

Depreciation expense 2940

Accumulated depreciation-equipment 2940

Working

Annual depreciation = $29,400 / 5 years = $5880

depreciation for 6 months = $5880 x 6/12 = $2940

June. 30 (To record sale of forklift)

Debit Credit

Cash 11760

Accumulated depreciation-equipment(w) 20580

Equipment 29400

Gain on disposal of plant assets 2940

Working

Accumulated depreciation = 5880 x 3.5 years

Dec. 31 (To record depreciation expense on truck)

Debit Credit

Depreciation expense 3724

Accumulated depreciation-equipment 3724

Working

Annual depreciation on truck = ($32,736- $2,944) / 8 years = $3724

Depreciation for 2017 = $3724

Dec. 31 (To record discarding of the truck)

Debit Credit

Salvaged materials 2,944

Accumulated depreciation-equipment 22344

Loss on disposal of plant assets 7448

Equipment 32,736

Working

Accumulated depreciation = 3724 x 6 years = 22,344

6 0

3 years ago