Answer:
c. 25 percent.
Explanation:
The computation of the reserve requirement percentage is shown below:
Given that
Deposits made = $8,000
Loans = $6,000
So the required reserve is
= deposits made - loans
= $8,000 - $6,000
= $2,000
Now the required reserve is
= $2,000 ÷ $8,000
= 25%
Hence, the correct option is c. 25 percent
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Coal, oil, and natural gas
Explanation:
Answer:
1. October 1
Dividends (Cr) 1950
Dividend Payable (Dt) 1950
2. October 15
No journal entry required
3. Record the payment of cash dividends
Dividend Payable (Cr) 1950
Cash (Dt) 1950
Explanation:
(<em>3,900 shares of common stock outstanding</em>) *(<em>declared $0.50 per share dividend</em>) = 1950
Answer:
acid-test ratio 1,4044
Explanation:
We are asked for a variation ofthe current ratio
whie current ratio is determinate like:

the acid-test will remove inventory from the current assets, leaving only cash, marketable securities and accounts receivables considered for the calculations:
191,000 current assets - 85,000 inventory = 106,000
136,000 current liabilities
191,600 / 136,000 = 1,4044