1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kari74 [83]
3 years ago
8

Castle State Bank has the following financial information.

Business
1 answer:
Setler79 [48]3 years ago
4 0

Answer:

Castle State Bank's equity multiplier is 2.2

Explanation:

Total Assets = $2,200

Total Liabilities and Equity = $2200

Net Loans = $1,200

Total Equity = $2,200 - $1,200 = $1,000

Equity multiplier = Total Assets / Total Shareholders Equity

Equity multiplier = 2,200 / $1,000

Equity multiplier = 2.2

Total Assets is equal to Total equity and Liabilities. Total equity and Liabilities includes the balance of Both equity and liabilities. Total equity is calculated by subtracting Total Loans from Total equity and Liabilities.

You might be interested in
If you wanted to ask a database a one-time question, what method would you be most likely to use?
alexandr402 [8]
B is the most likely answer
5 0
3 years ago
Courington Detailing's cost formula for its materials and supplies is $2,000 per month plus $5 per vehicle. For the month of Aug
Veronika [31]

thats hard

Explanation:

3 0
3 years ago
Examples of nonprogrammed decisions would include the decision to: a. perform routine maintenance on one of the machines in manu
katrin2010 [14]

Answer:

Correct option is (e)

Explanation:

Programmed decisions are those that are planned decisions for routine situations. These decisions are made based on tried and tested methods or standardized procedures. These decisions are made once when situation arises, and subsequently becomes a procedure when similar situations arise in future. Some examples are dealing with labor absenteeism, terminating an employee or re-ordering supplies.

Non programmed decisions are distinctive. They are not based on any past situation. They are mostly taken by upper management using logic or intuition. They do not arise in normal course of business. One such decision is related to developing new product or service. It is not a routine situation. As, such it is an example of non programmed decision. Rest of the options are examples of programmed decision.

6 0
3 years ago
_ are loans to a conpany or government for a set amount of time they Earn interest and are considered a low- risk invest
Arisa [49]

Answer:

bonds

Explanation:

7 0
3 years ago
On September 1, Paisley Corp. signed a 2-year interest-bearing note payable for $100,000. The interest rate was 12%, and both pr
Ilya [14]

Answer:

$4,000

Explanation:

7 0
4 years ago
Other questions:
  • Arriving 20 minutes early to an interview _____.
    5·2 answers
  • Read the case below and answer the questions that follow.
    6·1 answer
  • Dorsey Co. has expanded its operations by purchasing a parcel of land with a building on it from Bibb Co. for $83,000. The appra
    6·1 answer
  • For​ 2018, Franklin Manufacturing uses machineminus−hours as the only overhead costminus−allocation base. The estimated manufact
    13·1 answer
  • Producer S brokered slightly more than $40,000 in insurance premiums last year. Based on this premium amount, what is the penalt
    8·1 answer
  • When economists say that monetary policy can exhibit cyclical asymmetry, this means?
    14·2 answers
  • _____ describes the practice of products and services traded among countries around the world.
    12·1 answer
  • A. What is the significance of voting rights to the ordinary shareholders? What is a proxy? Why do proxy fights occur?
    13·1 answer
  • B
    10·1 answer
  • This is my mom channel please subscribe​
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!