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HACTEHA [7]
3 years ago
8

How do banks create money?

Business
1 answer:
aliya0001 [1]3 years ago
5 0
C

Banks do not really have any goods to sell, they’re in the business of holding money for others and loaning that money out to others, normally with interest. It is the interest off of loans that normally create income and allow the bank to have a positive cash flow.
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The first phase of a comprehensive project risk assessment should be:
Nuetrik [128]

The first phase of a comprehensive project risk assessment should be "to make sure the project is well defined, including all deliverables, statement of work, and project scope".

<u>Option: D</u>

<u>Explanation:</u>

A comprehensive risk management framework (RMF) has been established and adopted to better manage the task risks by utilizing a well-defined mechanism in modern changing environment. Many ventures have been studied to determine the reasons of their failure and the risk components.

The RMF composed of six stages; identification of programs, risk analysis, risk evaluation, reaction development, contingency planning, and implementation and control. That procedure must be adapted to the unique circumstances of the task and the agency which undertakes it.

6 0
3 years ago
Cullumber Company has these comparative balance sheet data: CULLUMBER COMPANY Balance Sheets December 31 2017 2016 Cash $ 16,350
nikdorinn [45]

Answer:

Please see details below:

Explanation:

(a) Current ratio.

Current RATIO  0,97  

(b) Accounts receivable turnover. times

Account Receivables Turnover time  5,03  

(c) Average collection period. days

Average Collection Period  72,5

(d) Inventory turnover. times

Inventory Turnover Times  3,3  

(e) Days in inventory. days

Days in Inventory  109,1  

(f) Free cash flow

Free Cash Flow  $32.600  

7 0
4 years ago
The following transactions relate to the petty cash fund of Jarvis Wrecking Company: Apr. 1 19 The petty cash fund is set up wit
meriva

Answer:

The petty cash journal entry is a debit to the petty cash account and a credit to the cash account. The petty cash custodian refills the petty cash drawer or box, which should now contain the original amount of cash that was designated for the fund. The cashier creates a journal entry to record the petty cash receipts he entry must show an increase in your Petty Cash account and a decrease in your Cash account. To show this, debit your Petty Cash account and credit your Cash account. When the petty cash fund gets too low, you must refill it to its set amount Count the money remaining in your petty cash account at the end of an accounting period. For example, assume your petty cash account has $550 remaining. Subtract the amount remaining from the account's original balance to determine by how much you need to replenish the account. A cash receipts journal is used to record all cash receipts of the business. All cash received by a business should be reported in the accounting records. In a cash receipts journal, a debit is posted to cash in the amount of money received. An additional posting must be made to balancing the transaction.

Explanation:

3 0
3 years ago
Williams manufactures a variety of iron products, made to customer specifications, in small batches. Willie Williams, owner, is
Shtirlitz [24]

Answer:

(C) Janitorial, Welding, HR, Data Svcs, Assembly

Explanation:

Question: If the step-down method is used in this case, which sequence of allocations is not valid?

The step method will allocate a portion of a service department to others service department cost thus, increasing the cost of these.

In this case cost from Janitorialo will go into HR and Data serivces.

Is important to understand that these method have as goal to allocate their cost into production department. The production department receive cost from the service department. They do not allocate into service. Never.

Having said that statement; the conclusion is that option C is incorrect as it is doing a distribution of produciton department into service department.

6 0
4 years ago
In your opinion how have human rights changed from the industrial revolution till the modern economy of today
iren [92.7K]

Answer:

Yes human rights have been changed

Explanation:

Industrial revolution has terribly effected the human rights. Actually the industrial revolution was required due to the urbanization, where maximum villages and towns were transformed into cities and big cities. Due to lot of immigration towards the cities the demands of people were exceeded and industries were inaugurated to meet the demands of the people.  

As the industries grown on the larger scale they needed more employees to work. As many people were hired and people keep on moving towards big cities and the rate of employment was decreased day by day. When there was unemployment then human rights were suffered in a way that child labor has been increased which is below the dignity of the humanity. Children use to be hired in companies and they were offered with low wages. Due to unemployment the children were compelled to work harder on less wages.  

In such situation the industries started hiring the females on less wages then boys. It was another gender based discrimination arose. Women use to meet their expenses by themselves due to higher rate of employment. It was against the humanity that boys were preferred over girls for some of the jobs and for same job they were offered with more peanuts.  

In today's era human health is been suffering due to industrialization. People are suffering with lungs cancer ,they are getting dumb and mental diseases are effecting badly the humans. This is the factor of humanity getting affected by industries. The industries are using the chemicals in the industries that is not good for the health of the humans and even the industries are making some products those are not good for human health and causing serious disease as well. So industrial revolution has effected the humanity badly.

5 0
3 years ago
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