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3 years ago

When a bank keeps $12 from a $100 deposit as legal reserves, it is using

1 answer:

6 0

When a bank keeps $12 from a $100 deposit as legal reserves, it is using <span>a fractional reserve system. The correct option among all the options that are given in the question is option "b".

</span>The Fed has defined different categories of money, M1 and M2, according to the money's function. The correct option among all the options <span>that are given in the question is option "b".</span>

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3 years ago

On January 1, Year 1, Parker Company issued bonds with a face value of $77,000, a stated rate of interest of 8 percent, and a fi

musickatia [10]

Answer: See explanation

Explanation:

a. Prepare an amortization table.

The ammortization table has been prepared and attached.

Note that:

Cash paid = $77000 × 7%

Interest expense was calculated as:

= Last year’s Bond Carrying value × 10%

Discount ammortization = Interest Expense - Cash Paid

b. What is the carrying value that would appear on the Year 4 balance sheet?

The carrying value will be $75600.

c. What is the interest expense that would appear on the Year 4 income statement?

The interest expense will be $7433.

d. What is the amount of cash outflow for interest that would appear in the operating activities section of the Year 4 statement of cash flows?

The cash outflow for interest be $6160.

Carrying Value = $75600

Interest Expense = $7433

Cash Outflow for Interest = $6160

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3 years ago

Jeff is a manager at a paper mill. he has received a grievance from a group of employees who are union members. the grievance cl

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The best thing that Jeff will do in this situation is to conduct an examination in terms of the grievant’s personnel records as this is only best and appropriate that Jeff to review the files of his employees in solving the problem.

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3 years ago

Real income is:___________ a) Nominal income adjusted for inflation. b) The amount of money income received in a given time peri

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Answer:

A. Nominal income adjusted for inflation.

Explanation:

Real income is simply the amount usually in monetary terms a person, enterprise or others makes after accounting for inflation. It is also called real wage that is an individual's income.

Real income are also defined as Income that is adjusted to inflation.

Nominal income are defined as income not adjusted to inflation.

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3 years ago