How much time needs to pass for an ar account to be considered delinquent?

Assume that the reserve requirement is 20 percent. First National Bank has vault cash and deposits with the Fed of $80 million,

drek231 [11]

Answer:

The answer is (c) First National Bank is not in a position to extend additional loans.

Explanation:

Please find the below for detailed explanation and calculations:

The First National Bank current reserve ratio is calculated as : Vault cash and deposits of the Bank with the Fed/ Total demand deposits of the Bank = $80 million / $400 million = 20%.

As the First National Bank' reserve ratio is now equal to the Fed's Reserve Requirement, First National Bank can not further extend its loan portfolio's balance, otherwise, its reserve ratio will fall below Fed's requirement which is not acceptable.

So, the answer is (c).

3 0

3 years ago

Which of these statements about a business plan is true?

strojnjashka [21]

Answer:

C. A business plan is a business’s roadmap for the future

Explanation:

A business plan a is well formulated document that includes all the details about nature of the business, sales and marketing strategies, customer demographics, projected revenues of the future along with other financial projections. Business plan is often termed as a Blueprint of the Business.

No matter what the scale of a business is, it is a startup or a fortune 500 company, all of the businesses need to have a business plan to get successful. And a proper business plan and its execution which brings a business to massive heights in the first place.

Based on this discussion, we can conclude that option C is the correct answer for this question. Option D is not a correct answer because simply making a business plan does not guarantee success. There are many other factors that determine the success of a business e.g. execution of ideas, choosing the right team, getting enough finances.

6 0

4 years ago

quipment purchased in 2006 for $30 comma 000 must be replaced in late 2017. What is the estimated cost of the replacement equip

DiKsa [7]

Answer:

$53,355.7047

Explanation:

The computation of the estimated cost of the replacement cost is shown below:

Estimated cost = (old cost i.e purchased cost of an equipment ÷ Cost index of that year i.e 2006) × estimated cost index for 2017

= ($30,000 ÷ 149) × 265

= $53,355.7047

We simply applied the above formula so that the estimated cost could come

6 0

3 years ago

The earnings of women who worked full-time were, in 2008, about ____ percent of the earnings of men.

alexira [117]

80 percent is the answer

4 0

4 years ago

In 2013, how much money did Tesla raise via common stock offerings, net of fees and expenses?a) $515.6 millionb) $410.1 millionc

DaniilM [7]

Tesla was able to raise via $410.1 million from common stock offerings, net of fees and expenses to finance the business.

<h3>What was the finance for?</h3>

As part of shareholder's capital, the fund was used by the firm to finance the vehicle innovations.

Hence, the firm called "Tesla" was able to raise via $410.1 million from common stock offerings, net of fees and expenses to finance the business.

Therefore, the Option B is correct.