Answer:
Explanation:
You might not catch bank errors.
You might make an error in calculating your bank balance which could cause you to overdraft.
You might not see valid charges made by the bank.
You might forget to list automatic drafts from your checking account.
You might not catch errors you make such as double postings, etc.
you might not post automatic deposits to customer accounts, causing errors in your subsidiary ledgers.
you could double pay a bill by accident, also causing errors in subsidiary ledgers.
Answer:
Which marketing management philosophy focuses on the question, "What do customers want and need?" -do research on its customers, competitors, and markets. -establish and maintain mutually satisfying relationships with customers.
The required down payment would be 165,000 * .2 = 33,000
Answer:
Back should be straight with a slight lordosis (inward curve) in the lower spine. Neck and head upright (ears aligned with your shoulders) Shoulders should be pulled back but relaxed. No twisting or leaning on one side.
Answer:
The correct answer is letter "D": $77 million; $8 million.
Explanation:
The U.S. Federal Reserve (Fed) establishes a minimum amount of money banks must have in front of unexpected demand. That minimum is called Bank Reserve. <em>The current bank reserve set by the Fed is 10% of the bank's demand and checking deposits.
</em>
Excess reserves <em>is the amount of money banks have on top of the bank reserve</em> that cannot loan. As banks do not profit in interest with that amount of money, they do not tend to have much excess reserves.
In the case:
- Bank required reserve = $770,000,000 x 10%
- Bank required reserve = $77,000,000 = $77 million
- Excess reserve = $85,000,000 - $77,000,000
- Excess reserve = $8 million
