Passive income is an income earned without making an extra effort. According to the US Internal Revenue Service, passive income could be in two forms: rental income and income earned from business and trade activities. Additionally, royalty is an example of a passive income. Therefore, the correct answer is B.
The reserve requirement is 40%.
<h3>What is the reserve requirement?</h3>
Reserve requirement is the percentage of deposits that is required of commercial banks to keep as reserves with the Central Bank. The reserve requirement is a told that is used by the Central Bank of a country to control the level of money supply in the economy.
The first step is to determine the reserves of the bank.
Reserves = checkable deposits - excess reserves
$5 million - $3million = $2 million
Reserve requirement : (reserves / checkable deposits) x 100
($2 million / $5 million ) x 100 = 40%
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The flexible budget performance report directs management's attention to areas where:corrective action can help control operations.
<h3>What is flexible budget performance report?</h3>
Flexible budget performance report can be defined as the type of report that enables the management of a company to determine the difference between quantity variance and price variances.
Flexible budget performance report is important for companies as it draw their attention to areas were they need to take corrective action that will lead to efficiency.
Inconclusion it directs management's attention to areas where:corrective action can help control operations.
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Answer:
Option (d) is correct.
Explanation:
Given that,
Beginning common stock = $98,300
Common stock sold = $25,700
Beginning balance of retained earnings = ($42,100)
Net Income = $21,100
Dividends = $7,000
Ending balance of common stock:
= Beginning common stock + Common stock sold
= $98,300 + $25,700
= $124,000
Ending balance of retained earnings:
= Beginning balance + Net Income - Dividends
= ($42,100) + $21,100 - $7,000
= $28,000 debit
Ending balance of total stockholder's equity account:
= Ending balance of common stock + Ending balance of retained earnings
= $124,000 - $28,000
= $96,000
<span>The answer is "curiosity".
Bezos is supporting scott berkun's "curiosity" seeds of innovation.
The curiosity seed of advancement says that developments can start when individuals are interested and curious about something important to them, which prompts experimentation and creativity.
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