The additional amount that could be loaned out because of deposit of Linda is $4000.
Answer: Option B.
<u>Explanation:</u>
Bank can not loan out the entire amount it has with it. Certain amount is to be kept reserved with it for all times. This is known as required reserve ratio which is a particular ratio of the total deposits.
At the time of being totally loaned out, with twenty percent as the required reserve ratio, the bank can loan out extra amount when Linda deposits money. Since Linda Deposits $5000, twenty percent of this keeping as required reserve ratio, it can loan out $4000 more.
Answer:
Annual depreciation= $4,300
Explanation:
Giving the following information:
Purchasing price= $27,600
Salvage value= $1,800
Useful life= 6 years
To calculate the depreciation expense using the straight-line method, we need the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (27,600 - 1,800) / 6= $4,300
<span>The colonists found numerous ways to protest the British between 1763-1775. They often disobeyed the laws. The proclamation of 1763 made it illegal for colonists to move west of the Appalachian Mountains. Many moved there despite the laws. They also refused to follow the Intolerable Acts in 1774. Colonists often stated that the British violated their rights. They felt the British taxes were illegal because they had no representatives in Parliament who could vote on things like the Townshend Act and the Stamp Act. This was how the phrase No taxation without representation began. They boycotted British products until finally the British removed the taxes. This went on to get bigger and bigger leading up to the Boston Tea Party. Continental Congress finally gave the colonists a group that acted similar to a form of government but the colonists went on to form militias and things began to deteriorate. In 1775 the battles began in Lexington and Concord. In 1776 after much fighting, America declared independence with the Declaration of Independence.</span>
Answer and Explanation:
The computation of the income before tax in the year 2022 would be reduced or decreased by the cash discount amount i.e. shown below:
= Sale value × discount rate × number of units sold
= $40,000 × 1% × 14 units
= $5,600
Hence, the amount is $5,600
We simply applied the above formula so that the correct value could come
And, the same is to be considered
7%, hope this helps!
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Caramelatte