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Sergeeva-Olga [200]
3 years ago
7

Let assume that the reserve ratio is 15% and there is an additional reserve of $400. How much extra money supply can be created

as a result?
Business
1 answer:
Elan Coil [88]3 years ago
6 0

Answer:

$2666.67

Explanation:

Extra money supply  = 400*(1/15%)

                             = 400 * 6.6667

                             = $2666.67

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The comparative balance sheets and income statement for Bingky Barnes Inc. are as follows:
MatroZZZ [7]

Answer:

Bingky Barnes Inc.

Statement of Cash Flows for the year ended December 31, Current Year

(using the indirect method)

Operating activities:

Net income                          $11,900

Add non-cash expenses:

Depreciation                          5,400

Adjusted operating            $17,300

Changes in working capital:

Accounts receivable            -3,800

Merchandise inventory       -3,700

Accounts payable               +8,800

Accrued wages expense       -400

Net operating cash flow   $18,200

Investing activities:

Property & equipment   -$20,700

Financing activities:

Note payable, long-term    -6,300

Common stock and

additional paid-in capital +16,700

Net cash from financing  $10,400

Net cash flows                   $7,900

Explanation:

a) Data and Calculations:

Comparative balance sheets and income statement

                                                   Current Year     Prior Year    Change

Balance sheet at December 31

Cash                                                  $37,300       $29,400       +7,900

Accounts receivable                          32,700          28,900       +3,800

Merchandise inventory                     42,000          38,300        +3,700

Property and equipment                  121,500        100,800      +20,700

Less: Accumulated depreciation    (30,700)        (25,300)

Total assets                                 $202,800        $172,100

Accounts payable                          $36,700        $27,900        +8,800

Accrued wages expense                   1,400             1,800            -400

Note payable, long-term                 44,500         50,800         -6,300

Common stock and

 additional paid-in capital              89,600         72,900       +16,700

Retained earnings                          30,600          18,700      

Total liabilities and equity         $202,800      $172,100

Income statement for current year

Sales                                         $123,000

Cost of goods sold                      73,000

Other expenses                           38,100

Net income                                 $11,900

Additional Data:

a. Equipment bought for cash, $20,700

b. Long-term notes payable was paid off for $4,800?

c. Issued new shares of stock for $16,400 cash.

d. No dividends were declared or paid.

e. Other expenses:

Depreciation, $5,400

Wages            20,100

Taxes,               6,100

Other,              6,500

f. Assume that expenses were fully paid in cash, when there are no liabilities account related to them. For example, tax expenses are paid in cash since there is no taxes payable.

Wages Payable

Beginning balance             $1,800

Wages expense $20,100

Ending balance      1,400

Cash paid                           19,700

7 0
3 years ago
If a firm gives all international assignments to people without disabilities, assuming they will therefore not require special a
babymother [125]

Answer:

Disprate treatment

Explanation:

This type of work place discrimination is disparate treatment. This is a type of illegal Employee treatment. It has to do with treating an employee differently from other employees in the same job situation, based on a particular characteristics. By giving all international assignment to people without disabilities, this is an intentional employee discrimination.

Federal laws has a prohibition on job discrimination based on disabilities.

8 0
3 years ago
What does green mean at a stoplight
olchik [2.2K]

Green means Go

Explanation:

Green means go

Yellow means You still have time to go but be cautious

Red means Stop

5 0
3 years ago
Read 2 more answers
CCP is an acronym for<br> and
alexandr402 [8]

Answer:

CUBIC CLOSE PACKING

Explanation:

it is known to be the densest possible packings of equal spheres. Simple cubic packing consists of placing spheres centered on integer coordinates in Cartesian space

8 0
3 years ago
The employees of Mapes, Inc. were not happy with the management after a change in the board of directors. The new management did
Evgen [1.6K]

Answer:

Maintain employee relations

Explanation:

Employee relations can be defined as the relationship or cordiality that exists between employers and employees. Also known as industrial relations, employee relations is aimed at getting the employers to interact and provide the necessary environment and incentives to ensure that employees remain committed to their jobs.

From the above question, the lack of employee relations maintenance or employee relation breakdown was responsible for the dissatisfaction of the employees with the new board of directors as the lack of relations did not afford them the opportunity to have their needs addressed.

Employee relations is very important in any organization as it helps to keep the organization running smoothly as a result of the employees' commitment to their jobs and duties.

Cheers

4 0
3 years ago
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