The answer is C. <span>Online Bank, Credit Union, Traditional Bank
But one thing we need to consider despite the amount of interest rates is the safety of our account. Even though it may indeed true that traditional bank has the lowest interest rate from the three, it possesses the best account security compared to the other three because the traditional bank tends to be backed by the Feds.</span>
Answer:
Since no transactions are specified that were made out of the group ( i.e. Holding Company and Subsidiary) so, in consolidated income statement of 20x8, no COGS shall be shown for the transactions made between Pie and Slice Co.
Explanation:
In consolidated financial statements, we represent Holding ( Pie ) and Subsidiary ( Slice ) Companies as a single unit. Hence, the transactions made within the group are not considered in making of Consolidated financial statements.
However, both companies will show the sales and COGS in separate financial statements.
Answer:
17 Years
Explanation:
Multiply $25,000 and .06 (6%) your answer should be $1,500. $1,500 goes into $25,000 16.66666~ times. Round it to 17. There's your answer.
The bank has an excess of $7,250,000. The total deposits maintained by the bank are $125 million. The reserves maintained by the bank are $26 million. The required reserve ratio is 15%.
Total deposits are 125,000,000.
The Required reserve ratio is 15%.
So in actuality, the bank had to maintain a reserve of $18,750,000.
It is maintained a total reserve of $ 26,000,000.
Excess reserve of $7,250,000.
The banks are required to maintain a particular percentage as reserve of the amount deposited with them. Deposit is that amount that the customers maintain with them. The banks make a profit by lending this deposit to other lenders. The bank has to keep an amount as reserve to see that they are able to pay back the customer their deposit amount if required by the customer.
Learn more about reserve and deposits of bank here:
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Every month or so but I typically check every two weeks.
