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yKpoI14uk [10]
4 years ago
8

Use the following example to answer the questions that follow: Imagine that you deposit $25,000 in currency (which you had been

storing in your closet), into your checking account at the bank. Assume that this institution has a required reserve ratio of 25%. As a result of this deposit, what is the maximum amount the bank can hold as loans?
Business
1 answer:
Anon25 [30]4 years ago
7 0

Answer:

Money available for loans is $18,750

Explanation:

The formula for calculating the total amount of money a bank can loan is:

money available for loans = (1 - required reserve ratio) x total deposits

money available for loans = (1 - 25%) x $25,000 = 75% x $25,000 = $18,750

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Auto parts manufacturer JEG Inc. has a number of vacancies at lower management levels and wants to fill the positions from withi
Ainat [17]

Answer:

B)Unqualified applicants will need explanations about why they did not get the job.

Explanation:

From the question we are informed Auto parts manufacturer JEG Inc. who has a number of vacancies at lower management levels and wants to fill the positions from within the company itself rather than recruit externally. The company plans to e-mail the job specifications to all employees and post the jobs on the company Web site. In this case, what could weaken the company's decision, is that Unqualified applicants will need explanations about why they did not get the job.

7 0
3 years ago
There are two closing entries. The first one is to close _____; the second one is to close _____. a.the drawing account, revenue
rusak2 [61]

Answer:

b.revenues and expenses, the drawing account

Explanation:

Closing entries are placed in order to close all the temporary accounts. In First closing entry we close all the income and expenses accounts and in second entry we close the drawing account. Drawing account show the amount of cash or resources of the business which is personally used by the owner in the period only. It needs to be closed at the year end like income and expenses accounts.

8 0
3 years ago
Samantha, an accrual basis taxpayer, subscribes to a service that updates a database used in her business. In December 2019, Sam
Brrunno [24]

Answer:

$60,000

Explanation:

The amount deductible for 2019 is the expense incurred on accrual basis bu Samantha. Since the cost of the subscription paid for was $120,000 for 2 years (January 2019 to December 2020).

It means that the expense for 2019

= 1/2 × $120,000

= $60,000

This represents her deduction for 2019.

8 0
3 years ago
You are analyzing a project and have developed the following estimates. the depreciation is $9,500 a year and the tax rate is 34
e-lub [12.9K]

The operating cash flow is (D) $10,952.

<h3>What is Operating cash flow?</h3>
  • The difference between cash inflows and cash outflows from the company's business operations is referred to as operating cash flow.
  • Operating cash flow excludes noncash expenses such as depreciation and can be positive or negative depending on the circumstances.
  • It is calculated by adding net income and depreciation.

To find the operating cash flow:

  • Net operating income: Given (Refer to the chart given below)

Formula:

  • Operating cash flow = Net income + Depreciation expense
  • Operating cash flow = $1,452 + $9,500
  • Operating cash flow = $10,952

Therefore, the operating cash flow is (D) $10,952.

Know more about cash flows here:

brainly.com/question/735261

#SPJ4

The correct question is given below:
You are analyzing a project and have developed the following estimates. The depreciation is $9,500 a year, and the tax rate is 34%. What is the operating cash flow? Show work and explain.

Unit Sales $1,800

Price per unit $31

Variable cost per unit $22

Fixed Cost $4,500

A. 5,408

B. 7,952

C. 8,407

D. 10,952

E. 12,408

5 0
2 years ago
Linea, an employee of Hard Labor Industries (HLI), is injured in a work-related accident. Based on the diagnosis of Newt, a doct
Ber [7]

Answer: set aside the settlement withHLI.

Explanation:

From the question, Linea, who is an employee of Hard Labor Industries (HLI), is injured in a work-related accident and based on the diagnosis of Newt, who is a doctor, Linea accepts $50,000 from HLI and waives the right to future claims.

We are also informed that Newt's diagnosis later proves to have been wrong. In terms of the impact on Linea's agreement with HLI, Newt's mis-diagnosis is to set aside the settlement with HLI.

This will be necessary to make them understand that it was a mistake and make a settlement with Hard Labor Industries so that Linea won't be affected as they make think she has it planned in order to collect money from them so the hospital should make a settlement.

5 0
4 years ago
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