Answer:
A.$600
B.$100
C. 0.1
Explanation:
Money supply equals to Currency held by the public + Bank reserves÷ Desired reserve-deposit ratio
Hence:
a. Deposits equal bank reserves ÷ by the desired reserve-deposit ratio
= $100/0.25
= $400.
Money supply = currency held by the public + deposits
= $200 + $400
= $600.
b. Let X = currency held by the public = bank reserves.
Thus money supply equals X +X÷ by the desired reserve-deposit ratio
500= X + 0.25
500 = 5X
X=$500/5
X = $100
Currency and bank reserves both equal $100.
c.If the money supply equals $1,250 and the public holds $250 in currency, then the bank deposits must equal $1,000($1,250-$250).
If bank reserves are $100, the desired reserve-deposit ratio
=100/1,000
=0.1
Answer:
The debit to the retained earning should be $750,000 for this transaction because that is the market value of the asset to be distributed as dividend.
Explanation:
Property dividend is a form of dividend payout that involves distribution of company`s assets to equity holders as a form of return. These assets can be inventory, marketable securities or investment in a subsidiary.
For this distribution to be formal, it must be approved by the board of directors of the company. After approved and declared, the accounting entries can now be passed.
The accounting entries needed are:
Debit: Retained Earnings with the amount of the asset distributed.
Credit: Dividend Payable with the amount of the asset distributed.
It is important to note that the market value of asset to be distributed should be considered i.e the market value of the asset must be recognized in the book. The difference in book value and market value of the investment will be recognized in respective asset ledger account prior transfer to retained earnings.So that the market value of the investment is recognized on the debit side of retained earnings
In the case of Fitzgerald, $750,000 will be debited to retained earnings since it is the market value of the asset to be distributed.
<u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.
<h3>What is Lifetime Customer Value (LCV)?</h3>
Lifetime Customer Value is the entire contribution of a customer to a brand or business enterprise over the course of their relationship.
It's an essential metric since keeping returning customers requires less than acquiring new ones, thus improving the value of your existing customers is an excellent strategy to generate growth and profit.
Therefore, we can conclude that <u>90% </u>of a manufacturer's profit and income comes from repeated purchases from returning customers.
Learn more about Lifetime customer value here:
brainly.com/question/26483324
1) Many firms
2) Few artificial barriers to entry
3) Slight control over price
4)Differentiated products
Ben's job is a Technology Solutions Project Manager. His job is to provide or give consultation on technology related conditions of businesses. He implements it through different projects at hand and ensures that it would help troubleshoot problems and make projects go on smoothly.
