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3 years ago

A bank that has liabilities of $150 billion and a net worth of $20 billion must have:

1 answer:

7 0

Had to look for the options and here is my answer. Given that the bank possesses a liability that is worth $150 billion and its net worth is only $20 billion, then this would mean that the bank must have ASSETS OF $170 BILLION. Hope this answers your question.

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PLEASE HELP ME!

Lelu [443]

I think the best answer would be D. Understand her costumer value

3 0

4 years ago

Read 2 more answers

Acme Solutions often hires Nicco to train its employees. He is paid $300 for every session. Hisjob also requires him to travel o

RUDIKE [14]

Nicco is mostly like an independent contractor for Acme Solutions.

Explanation:

An independent contractor is a licensed person or organization for the other unemployed to complete the work for and would offer services.

Independent contractors are termed sole owners or Limited Liability Companies (LLCs) of single members in the United States of America.

If you are profiting or benefiting from rental homes, you will record your income and expenses under Schedule C of Form 1040 or Schedule E. In addition, self-employment charges are to be submitted to the IRS, normally on the basis of Form 1040-ES every three months.

7 0

3 years ago

g Dave's Duds reported cost of goods sold of $2,000,000 this year. The inventory account increased by $200,000 during the year t

FrozenT [24]

Answer:

$2,200,000

Explanation:

The movements in the inventory account is as a result of purchases, sales and writeoffs if any. These are the events that bring about a change between the opening and closing balances.

Given;

cost of goods sold = $2,000,000

Increase in inventory = $200,000 (This is same as closing balance minus opening balance)

Ending balance = $400,000

Thus, opening balance = $400,000 - $200,000

= $200,000

Let the cost of merchandise that Dave's purchased during the year be N

$200,000 + N - $2,000,000 = $400,000

N = $400,000 + $2,000,000 - $200,000

N = $2,200,000

The cost of merchandise that Dave's purchased during the year is $2,200,000

6 0

3 years ago

During the month of April, direct labor cost totaled $15,000 and direct labor cost was 40% of prime cost. If total manufacturing

Aleonysh [2.5K]

Answer:

Manufacturing overhead= $39,500

Explanation:

Giving the following information:

Direct labor= $15,000

Direct labor cost was 40% of prime cost.

Total manufacturing costs= $77,000

First, we need to calculate the prime cost:

Prime cost= direct material + direct labor

Prime cost= 15,000/0.4= 37,500

Now, we can determine the manufacturing overhead:

Manufacturing overhead= total manufacturing costs - prime costs

Manufacturing overhead= 77,000 - 37,500

Manufacturing overhead= $39,500

7 0

3 years ago

Your factory has been offered a contract to produce a part for a new printer. The contract would last for three? years, and your

emmasim [6.3K]

Answer and Explanation:

As per the data given in the question,

($ million) ($ million)

Year Cash flows PVF at 8.2% Present value

0 -8.05 1 -8.05

1 5.08 0.9242 4.70

2 5.08 0.8542 4.34

3 5.08 0.7894 4.01

Net present value 4.99

Internal rate of return 0.40

Net present value = $4.99 million

The project should be accepted

Yes, The IRR rule is agree with NPV.

Please find the attachment for better understanding

3 0

4 years ago