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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.

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Bob and Serena are married and file a joint income tax return. For 2018, their modified AGI is $70,000. Their daughter, Dawn, is
Bogdan [553]

Answer:

The American Opportunity Tax Credit (AOTC) that can be claimed is $2,500.

Explanation:

As of 2018, no changes have been made to the AOTC. By law, with a modified  adjusted gross income (MAGI) of $80,000 or less for single individuals and $160,000 or less for married filing jointly, the individuals can claim the full credit amount. It is a credit paid for an eligible student to cover education expenses, if in the first four years of postsecondary education. A maximum annual amount of $2,500 is given and an additional 40% of remaining amount (up to $1,000) if the tax owed falls to zero.

8 0
3 years ago
In which part of a résumé would you mention the names and contact details of your previous employers? In your résumé, you need t
Sergeeva-Olga [200]
It should be under Employment History
7 0
2 years ago
Read 2 more answers
Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho
o-na [289]

Answer:

Fixed overhead application rate

= <u>Budgeted fixed overhead</u>

  Budgeted direct labour hours

= <u>$114,000</u>

  60,000 hrs

= $1.90 per direct labour hour

Amount of overhead applied to job X387:     $

Variable overhead $4.90 x 170 hours         = 833

Fixed overhead $1.90 x 170 hours               = 323

                                                                            1,156

                                                           

Explanation:

In this case, there is need to calculate the fixed overhead application rate based on direct labour hours by dividing the the budgeted fixed overhead by budgeted direct labour hours. Then, we will calculate the overhead applied to Job X387 by multiplying the fixed and variable application rate by actual direct labour hours of 170 hours.

7 0
3 years ago
Prior to labor unions, both the employer and employee had the legal right to terminate an employment
Kruka [31]

Before the times of the labor unions, both the employer and the employee reserved the right of employment at will, meaning either one could terminate the agreement at any time and for any reason.

The correct term for the situation proposed in the question is employment at will. The other options describe agreements that have arisen since the creation of the labor unions.

The first option, a closed shop, described an agreement made between the hiring party and the labor unions in which the hiring party agrees to <u>only hire members of the union</u>, while an open shop is just the opposite.

Collective bargaining, on the other hand, is the long process in which the workers of an institution work through their labor unions in order to <u>negotiate contracts </u><u>and the terms of </u><u>employment</u><u>, which include income and benefits. </u>

Therefore the only option that existed prior to the development of labor unions is employment at will, which allowed the termination of a contract at any time for any reason.

To learn more visit:

brainly.com/question/518131?referrer=searchResults

3 0
3 years ago
Yellowday Energy’s margin was 3% and turnover was 4.0 on sales of $50 million for the year. ROI for the year was:______
Firlakuza [10]

Answer:c. 12.0%

Explanation:Return on Investment (ROI) is a measure used by firms in order to determine how effective an investment is in terms of gains from its proceeds when compared to the amount invested .

Given

Yellowday Energy margin as 3%

turnover= 4.0 and sales as $50million,

we can calculate the ROI,Return on Investment , as the Profit margin multiplied by turnover

ROI = Profit Margin  x Turnover

  = 3% x 4.0

    = 0.03 x  4.0

     =0.12

0.12 x 100

= 12.0%  

4 0
3 years ago
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