Employee healthcare , hiring employee increeccing profit
Answer: c). Required reserves = $0
Explanation: Reserve requirement is a Central Bank mandate imposed on all banks under which they must keep a certain fraction of their deposits as reserves with the Fed. These reserves are known as Required reserves.
Since, in this case the bank is borrowing $100,000 from the Fed it does not have to keep any reserves on this amount. Reserves are to kept only from deposits that the Bank has and not from loan borrowed by the bank.
Thus, the correct option will be required reserves is $0.
Solution :
<u>Date</u> <u>Account </u> <u>Debit </u> <u>Credit</u>
Sept 9 Petty cash $ 350
Cash $ 350
Sept 30 merchandise purchased $ 42
postage expenses $ 50
miscellaneous expenses $ 102
Cash shortage $ 12
Cash (350-42-50-102)=156-144=12 $ 206
Oct 1 Petty cash 45
Cash (395-350) $ 45
Answer:
The volatility of this equally weighted portfolio is closest to 0.31
Explanation:
Individual Stock + ( 1 - 1/n) * Average Covariance between the stocks
Var = ( 1 / 5) (0.40)2 + ( 1 - 1/5) (0.5( (0.4) (0.4)
Var = 0.096
standard deviation = Square root of variance
= Square root of 0.096
= 0.31
Jane's independence is impaired under the aicpa code, because Jane borrowed the money from an audit client while she was a covered member.
<h3>What does the AICPA code aim to achieve?</h3>
The American Institute of Certified Public Accountants published the AICPA Code of Professional Conduct, which is a collection of codified statements outlining a CPA's obligations to uphold professional and ethical standards.
The AICPA Code of Professional Conduct (AICPA Code) is a set of guidelines for CPAs to follow while they carry out their professional obligations.
Therefore, Jane's independence is impaired under the aicpa code, because Jane borrowed the money from an audit client while she was a covered member.
Learn more about AICPA on:
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