Answer:
Experts are tested by Chegg as specialists in their subject area. We review their content and use your feedback to keep the quality high. Transcribed image text: If the required reserve ratio is 10 percent, the banking system currently has excess reserves equal to: $10 billion.
Explanation:
Answer:
$71,960
Explanation:
Not past due days $892,000*0.75%=$6,690
1-30 days $285,000*4%=$11,400
31-60 days $101,000*8%=$8,080
61-90 days $63,000*16%=$10,080
91-180 days $43,100*50%=$21,550
Over 180 days $17,700*80%=$14,160
Total allowance for doubtful accounts as at December 31, =$71,960
Transfers between unrelated buyers and sellers is the transfer of ownership would not be excluded from property tax reappraisal.
- State law requires one at least every eight years
- (Randolph County’s last reappraisal was effective 1-1-2014)
- Assure all properties reflect current market value
- To create equity between the four types of assessed property:
- Real estate
- Personal property (Individual and Business)
- Registered motor vehicles
- Public service companies
Reappraisal is an in-depth process of assigning new values to all the real property in the county at its current market value. If no changes are made to the property in-between reappraisal years, the value will not change.
Guilford County appraisers review and analyze information including comparable sales in your neighborhood. Reappraisals are not only mandated by North Carolina General Statues, but are necessary to maintain equitable and uniform property values. Reappraisal tools include county maps, aerial photography, street level images, sales analysis, field visits, and other methods to gather data used in determining market value. Guilford County conducts reappraisals entirely in-house by appraisers familiar with the local market.
Learn more about tax reappraisal here
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Answer:
The amount of unrealized capital gains he will have after the dividend payment is $1,200.
Explanation:
Apple stock price per share today = $218
Dividend per share = $2
Apple stock ex-date price per share = Apple stock price per share today - Dividend per share = $218 - $2 = $216
Unrealized capital gains = Number of Apple stock shares purchased * (Apple stock ex-date price per share - Price per share at which Apple stock shares were purchased) = 200 * ($216 - $210) = 200 * $6 = $1,200
Therefore, the amount of unrealized capital gains he will have after the dividend payment is $1,200.
Answer:
The balancing figure = $28,350
Explanation:
The question is to prepare the trial balance for Crane Company for June 30, 2022
A trial balance represents a statement that contains all the debit and credit balances from the account book of an organisation. It is used to show the arithmetic accuracy of the books of account.
<u>CRANE COMPANY'S TRIAL BALANCE AT JUNE 30, 2022</u>
Accounts Title Debit ($) Credit ($)
Accounts Payable 2000
Accounts Receivable 2,680
Cash 5,810
Common Stock 17,410
Dividends 1,590
Equipment 13,340
Rent expenses 1,320
Salaries and Wages 3,610
<u>Service Revenue 8,940</u>
<u> </u><u> 28,350 28,350</u>
