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Juliette [100K]
3 years ago
13

using the T-accounts of the first national bank and the second national bank, describe what happens when Jane Brown writes a che

ck for $55 on her account

Business
1 answer:
zhuklara [117]3 years ago
7 0

Answer:

Please refer to the attached.

Before Jane Brown wrote the check, her account was $55 at First National Bank which is reflected by the checkable deposit of $55 which the bank will keep in reserve as an asset.

Joe Green has not received the money so his account at Second National will show $0 balances.

After the cheque has been written and deposited, Jane Brown's chekcable deposits at First national will become $0 as well as the reserves.

Joe Green on the other hand, having gained the $55 and deposited it will see his checkable deposits rise to $55 which the bank will keep in reserve as an asset.

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Answer:

Overall effect of the change is an increase in net operating income of $1800

Explanation:

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Sales (6620*$150)                                     $993,000

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Fixed expenses($193000+$5400)          ($198,400)

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The net operating income  without additional advertising spend is shown below:

Sales (6500*$150)                                     $975,000

Variable expenses(60%*975,000)           ($585,000)

contribution margin                                   $390,000

Fixed expenses                                        ($193,000)

Net operating income                               $197,000

The overall effect of the change is an increase in net operating income of $1800($198800-$197000)

       

       

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The three fitness apps that Under Armour acquired are industry leading apps, with large user bases, in the fast-growing market o
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The apps stated above will be marked as <u>Stars </u>on Under Armours Market Growth/Market Share matrix.

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The two keywords which define stars on the matrix are:

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Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $707,000, Interest expense = $58,000, and
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Answer:

$1.15 per share

Explanation:

The computation of the earning per share is shown below:

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