If a bank has <u>more</u> ratesensitive assets than liabilities, then <u>an increase</u> in interest rates will increase bank profits.
In financial accounting, a liability is defined as the future sacrifices of financial benefits that the entity is obliged to make to other entities due to past transactions or different past occasions, the agreement of which may additionally bring about the transfer or use of belongings, provision of services or any other yielding of economic benefits within the future. In simple words, a liability is something a person or company owes, usually an amount of money.
Liabilities are settled over time thru the switch of economic advantages along with money, items, or services. Liabilities can be contrasted with assets. Liabilities confer with things that you owe or have borrowed; assets are things which you own or are owed by somemone.
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Answer:
1.33
Explanation:
The size of the multiplier is the one which grounded on the marginal decisions of the household for spend, that is called as the MPC (stands for Marginal Propensity to consume), also referred to as the marginal propensity to save (MPS).
The formula to compute the size of the multiplier is as follows:
Size of multiplier = 1 / MPS
where
MPS is 0.75
So,
Size of multiplier = 1 / 0.75
= 1.33
Answer:
The answer is: B) purchase records are not maintained.
Explanation:
There are two methods for estimating inventory costs:
- Gross Profit Method
: uses the information from the income statement. If operating conditions remain similar, the proportion between total sales, profits and COGS should be similar (lets say profit is 30% and COGS is 70% of total sales). You can estimate your inventory costs by using the information on total sales.
- Retail Method: It is used mostly by merchandising firms (retailers) that have consistent mark-ups. You have to determine the proportion between cost and retail price (lets say the COGS is 80% of the retail price). Then if you are given the retail inventory, you can determine the COGS using the proportion determined previously.
Answer:
D. Accession
Explanation:
Mike gained the property through acession because Sandy's tire was attached to his car so he gained the tire.
