The process wereby banks make loans equal to amount of their excess recerves and create new checkbook money is known as multiple deposit creation each time a bank recieves a deposit it sets aside some of it to meet reserve requirements and may lend an amount equal to the remaing excess reserves
Answer:
The answer is $11.904.762
There an assumption about Depreciation, Amortization and Interest, it says increase by 10% over which there is no data to calculate,so It's used 10% of sales.
Explanation:
Income Statement
Sales $11.904.762
Cost of goods sold -$6.547.619
Gross Profit $5.357.143
depreciation, amortization and Interest -$1.190.476
Net Income BEFORE Taxes $4.166.667
Tax RATE 40% -$1.666.667
Net Income after Taxes $2.500.000
<u>Solution and Explanation:</u>
The present value of annuity = Annual cash flows/Discount rate
= 205000 divided by 4 percent
=$5125000.00
The future estimation of cash is determined by utilizing a rebate rate. The markdown rate alludes to a financing cost or an accepted pace of profit for different speculations. The littlest markdown rate utilized in these figurings is the hazard free pace of return. U.S. Treasury bonds are commonly viewed as the nearest thing to a hazard-free venture, so their arrival is regularly utilized for this reason.
Answer:
$395,850
Explanation:
Calculation for Cushman Company Gross profit
Using this formula
Gross Profit=Sales-Sales discounts-Sales returns and allowances-Cost of goods sold
Let plug in the formula
Gross Profit = $812,000 - $12,180 - $18,270- $385,700
Gross profit= $395,850
Therefore Cushman Company Gross profit will equal $395,850
Answer: a. communication, courtesy, and credibility
Explanation:
The Consumer survey showed that when buying a car customers are interested in the salesperson's ability to explain what the car does and what it's has, in short it's features. This means that they would like a Salesperson that Communicates effectively, the need for the car.
Dealers should therefore be very concerned with the communication skills of their sales people.
The Consumers would also like a friendly person. This is simple Courtesy. The sales person must be able to show courtesy to the customers to entice them to buy a car and so Dealership management should be very worried about this.
A final thing the Dealer should be worried about is Credibility. Consumers want to know if the Dealer is credible in that if the claims the dealer is making is true and honest. Too many salespersons say anything to get people to buy things even if it is a lie. A car is a big investment and so consumers would very much like to avoided being lied to.
