<span>Well, here's the definition from Merriam Webster to help get you started :) </span><span><span>1: an employment benefit (such as a pension or a paid holiday) granted by an employer that has a monetary value but does not affect basic wage rates</span>2<span>: any additional benefit <span>increased energy is a fringe benefit of regular exercise</span></span></span>
Answer:
D $4 million
Explanation:
Bank Reserves = Bank's Deposit at Central Bank + Vault Cash.
Bank Reserves = $15million + $5million = $20 million
Required reserves = 20% of $80 million = $16 million.
Bank Reserves = Required Reserves + Excess Reserves
Excess Reserves = Bank reserves - Required reserves
Excess Reserves = $20million - $16million =$4 million
Answer:
The correct answer is letter "B": Causes a legal dissolution of the existing partnership.
Explanation:
A Partnership is an organization that operates a business with two or more owners. They share the profits in proportion to their partnership interest in percentage terms. There are two types of partnerships: general partnerships (<em>unlimited liability</em>) and limited partnerships (<em>passive members who are responsible depending on how much money they contribute to the company</em>).
Every time one of the partnership members passes away, retires, or another partner will be added, the existing partnership legally dissolves creating a new entity.
A business that purchases products in large quantities from producers and then sells it to another entity is know as a distributor.
Distributors, distribute items to smaller retailers normally. They work as a warehouse with large quantities to sell to others in smaller quantities.