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dezoksy [38]
3 years ago
12

For a bank, when a person deposits money into the bank, this: a creates a liability and an asset for the bank. b creates a liabi

lity for the depositor. c is most likely to result in a decrease in the money supply. d creates only a liability for the bank. e creates only an asset for the bank.
Business
1 answer:
Blizzard [7]3 years ago
8 0

Answer:

The answer is A.

Explanation:

Bank deposits from customers create both a liability and an asset for the bank.

1. As a liability: The deposit is the customer's money. The bank is keeping the money for the customer. The customer can withdraw the fund any time.

2. As an asset: The money deposited by the customer can be used by the bank to generate revenue pending when the customer withdraws the money. The money not yet withdrawn by customers is still in the possession of the bank and the bank controls it.

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Maria Lorenzi owns an ice cream stand that she operates during the summer months in West Yellowstone, Montana. She is unsure how
ddd [48]

Answer:

1. $2,185

2. Percentage increase 14%. Sales decrease -22%

3. $1,805

4. -17.4%

Explanation:

1. In calculating the profit for the first week we will simply deduct the costs from the sales.

= Sales - Fixed Costs - Variable costs

= (1,800 cones * 3.5) - 2,675 - ( 1,800 cones * 0.8)

= 6,300 - 2,675 - 1,440

= $2,185

$2,185 is her profit for the first week.

2. Percentage increase in selling price will be,

= 4-3.5/3.5 * 100%

= 14%

Percentage decrease in sales

= 1,400 - 1,800 / 1,800 * 100%

= -22%

3. Using the first questions method we have,

= (1,400 * 4) - 2,675 - (1,400 * 0.8)

= 5,600 - 2,675 - 1,120

= $1,805

$1,805 is her profit for the second week.

4. Decrease in profit

= $1,805 - $2,185 / 2,185 * 100%

= -17.4%

Maria Lorenzi suffered a decrease in profit of -17.4% as a result of raising her prices by 14%.

7 0
3 years ago
“jeremy, can you possibly give me a ride to the airport this sunday,” your friend ben asks. not thinking that this is a big deal
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6 0
3 years ago
What type of research is being used when gathering data from structured survey responses that are numerical in nature?A. Qualita
kondaur [170]

Answer:

C. Quantitative.

Explanation:

Here in the question it is mentioned that the research type which is used at the time when the data is gathered from structured survey that response and are in the numerical so here the numerical means the data which can be count and we called as a quantitative

Therefore the option C is correct

hence, the same is to be considered

7 0
2 years ago
Santa Fe Company was started on January 1, Year 1, when it acquired $9,000 cash by issuing common stock. During Year 1, the comp
Nitella [24]

Answer:

All of the options are false.

Explanation:

The net income is an element that increases the owners' equity while dividend paid reduces it. Both are elements of the cash flows for operating and financing activities respectively.

Considering the information given;

Acquired $9,000 cash by issuing common stock - This is an inflow of cash and forms the owner's equity balance at the start of the year.

During Year 1, the company earned cash revenues of $4,500, paid cash expenses of $3,750 - These are elements of the income statement and will result in a net income of $500 ($4,500 - $3,750 - $250).

and paid a cash dividend of $250 - This is a reduction in the owner's equity and is a cash outflow.

Now a review of all the options;

a. The 2016 statement of cash flows would show net cash inflow from operating activities of $2,450. - Net  cash flow from operating activities is $750 (($4,500 - $3,750). Hence this is false.

b. The 2016 income statement would show a net income of $1,300. - As shown in the consideration, this is false.

c. The 2016 statement of cash flows would show a net cash flow from financing activities of $9,700.  - Net cash flow from financing is

= $9000 - $250 = $8750

d. The December 31, 2016 balance sheet would show total equity of $15,750 - Total equity

=$9000 + $4,500 - $3,750 - $250 = $9,500

Hence all of the options are false.

7 0
3 years ago
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Nadya [2.5K]

Answer and explanation:

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5 0
2 years ago
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