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arsen [322]
3 years ago
10

Choose the correct statement. A. Upper A bank's reserves are notes and coins in the bank's vault or in a deposit account at the

Federal Reserve. B. In 2017 about 700 commercial banks operated in the United States. C. Upper A benefit of a money market mutual fund is that shareholders can write checks on their accounts with no restrictions. D. The deposits of commercial banks represent 62 percent of Upper M 1 and 49 percent of Upper M 2.
Business
1 answer:
AlexFokin [52]3 years ago
6 0

Answer:

A.

Explanation:

Upper A bank's reserves are notes and coins in the bank's vault or in a deposit account at the Federal Reserve.

Upper A is a commercial bank, and it's bank reserve is The money it keeps on in it's bank vault, or it is money that the bank has kept in an account with the country's central bank which is the federal reserve.

If the Fed says banks are to reserve 10% of deposits and Upper A takes in $2,000,000 in deposits, it would berequired for the bank to keep $200,000 either in its bank vault or in its account with the Federal reserve.

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MC Qu. 98 At the beginning of the recent... At the beginning of the recent period, there were 1,470 units of product in a depart
agasfer [191]

Answer:

Using the weighted average method, the equivalent units produced by the department were:

= 8,760 units.

Explanation:

a) Data and Calculations:

                                         Units    Conversion  

 Ending inventory             1,560

Units completed             8,370

Units available                9,930

Beginning inventory        1,470         35%

Additional units started 8,460

Equivalent units of production:

Units completed            8,370         8,370 (100%)

Ending inventory           1,560            390 (25%)

Equivalent units of production       8,760

4 0
3 years ago
According to the classification of enterprise resource planning (ERP) vendors, _____ vendors target medium-sized firms with annu
Zolol [24]

Answer:

Option C Tier 2

Explanation:

the reason is that the tier 2 vendors targets firms that are of medium sizes which means the revenue of such organization ranges between $20m to $1 billion. And this falls under the classification of Enterprise resource planning. According to a market research 200,000 US companies have met the condition for medium sized organization.

The above explanation provides reasons why option C is correct.

3 0
3 years ago
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $1,235,000. Hard
olya-2409 [2.1K]

Answer:

The value recorded for the building = $140,000

Explanation:

From the appraisal of the property, the following information is given:

Value of land = $296,000

Value of building = $880,000

value of equipment = $584,000

Total = 296,000 + 880,000 + 584,000 = $1,760,000

Next, we will calculate the percentage of the total value allocated to the building as follows:

Percentage allocated to building = (value of building ÷ total value) × 100

= (880,000 ÷ 1,760,000) × 100

= 0.5 × 100 = 50%

Next, since we now know that the building takes 50% of the property cost, and since $280,000 was paid, the value recorded for building will be 50% of the $280,000 paid, and this is calculated as follows:

value recorded for building = 50% of 280,000

= 50/100 × 280,000 = 0.5 × 280,000 =  $140,000

6 0
3 years ago
Which investment has the highest liquidity and can be converted into cash easily?
myrzilka [38]
Stocks should be your answer
3 0
3 years ago
Read 2 more answers
Use the following information to answer this... Use the following information to answer this question. Windswept, Inc. 2010 Inco
prisoha [69]

Answer:

The Quick ratio: 0.86:1

Explanation:

The question is completed first as follows:

Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2010 2009 2010 Cash $ 270 $ 300 Accounts payable $ 1,530 $ 1,485 Accounts rec. 1,080 980 Long-term debt 1,140 1,340 Inventory 1,930 1,755 Common stock $ 3,420 $ 3,370 Total $ 3,280 $ 3,035 Retained earnings 680 930 Net fixed assets 3,490 4,090 Total assets $ 6,770 $ 7,125 Total liab. & equity $ 6,770 $ 7,125 What is the quick ratio for 2010?

Solution:

The requirement is to use the given information to calculate Windswept Inc's Quick ratio for 2010.

Quick ratio: this represents the ability of an organisation's short term liquidity to cover and cater for its short term obligation. Basically, it looks at the ratio of the current assets of an organisation (those that can be quickly converted to cash) to meet the current liabilities.

The formula for quick ratio= Current Assets - Inventory / Current Liabilities

Windswept's quick ration = Cash + Accounts receivable / Accounts Payable (all for 2010)

= $300 + 980 / $1, 485

= $1,280/$1,485

= 0.86:1

This means that the current asset of the company can only cover its current obligations up to about 86%. This is the quick ratio.

5 0
3 years ago
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