Answer:
The statement is: True.
Explanation:
Fruit thinning is the process by which farmers remove some of the fruits growing on a tree so that the remaining can grow bigger and better. This practice is usually performed during the spring and it is useful to prevent limbs to break due to excessive weight.
Answer:
15 percent; 12 percent
Explanation:
Reserves is defined as the required amount that a bank must hold in its vault and at the nearest Federal Reserve bank. It is a proportion of the total deposits that customers have with the bank.
Reserve = Cash in vault + Cash with Federal Reserve
Reserve = 70 million + 80 million
Reserve= $150 million
Reserve ratio= (Reserve ÷ Total deposit) * 100
Reserve ratio= (150 million ÷ 1 billion) * 100
Reserve ratio= 15%
A fall in reserve requirement causes excess reserve of $30 million
New reserve= Old reserve - Excess reserve
New reserve= 150 million - 30 million= $120 million
New reserve ratio= (120 million ÷ 1 billion) * 100
New reserve ratio= 12%
Answer: $390
Explanation:
Revenue for a merchandising business is realized when the business sells some of its goods to customers. This can either be in cash or on account which would mean that the customer did not pay cash but now owes them.
The business sold merchandise costing $350 for $390 on account so this is the amount that they will recognize as revenue.
Answer:
$907,000
Explanation:
We will only consider the relevant cost here in the warehouse project. As the purchase cost and grading cost has been incurred in the past due to that they are sunk cost, there is no relevance of these cost in this project. The lease is about to expire and has no value So we will only consider the current value of land as relevant and include it in the initial cost of the warehouse project for the use of this land.