The answer is non-redundancy. In addition, redundancy is a system design in which a constituent is replicated so if it fails there will be a holdup. The redundancy has a negative implication when the repetition is pointless or is simply the outcome of poor preparation.
Answer:
$13.5 million
Explanation:
Fractional Banking System- This is banking system where banks are required by the central banking authority to keep a certain percentage of their total deposit as the minimum reserve which they cannot lend out.
The idea behind this requirement is to help manage liquidity risk- a situation where a bank does not have enough cash to meet its deposit customers demand.
Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.
Therefore the required reserve for this bank = 10% ×$15 million= $1.5 million
Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.
It is calculated as = Total deposit - Required reserve
So we apply this to our question
Excess reserve = $15 million - (10% × $15 million)
= $15 million - $1.5 million
= $13.5 million
Answer:
$1,500
Explanation:
Calculation to determine what Shore should report as a gain
Using this formula
Unrealized gain=Market value-Trading securities value
Let plug in the formula
Unrealized gain=$19,000-$17,500
Unrealized gain=$1,500
Therefore Shore should report a gain of $1,500
Answer:
I have attached images of the solution below.
Explanation:
Answers to this question require a balance sheet and I have attached images of my balance sheet solution below.
One of the four guiding principles of is to recognize the bigger goal of marketing. It looks at moral standards and guidelines in a business setting.
Making a living or earning money through the production, acquisition, and sale of items is referred to as business (such as goods and services). Furthermore, it refers to "any activity or enterprise undertaken for profit."
The owner of the business is responsible and liable for any debts incurred by the business since despite having a business name, they are one and the same. If the company accrues debts, the creditors may seize the owner's personal property. Corporate tax rates cannot be applied to a firm structure. All profits earned by the business are subject to personal taxation by the owner.
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