Answer:
the maximum loan could bank made as the direct result of the deposit is $1,800
Explanation:
The computation of the maximum loan could bank made as the direct result of the deposit is given below:
= Deposit amount × (1 - required reserve ratio)
= $2,000 × (1 - 0.10)
= $2,000 × 0.90
= $1,800
hence, the maximum loan could bank made as the direct result of the deposit is $1,800
There are four types of businesses organisation. Sole trader is owned by one person and he makes all the decisions, and earns profit and bears the loss himself. A partnership is owned by 2 or more people and they help each other. The profit and loss is divided between them.
Answer:
Ending inventory= $1514
Explanation:
Giving the following information:
Beginning inventory: 320u*$5.00= $1600
Purchase, (1/15/2017)= 160u*5.70= $912
Purchase, (1/28/2017)= 160u*5.90= $944
Ending inventory= 260u
The company uses FIFO (first in, first out).
What is the value of ending inventory?
Ending inventory= 160u*5.90 + 100u*5.70= $1514
Answer:
Sustainability
Explanation:
Sustainability can simply be defined as the meeting of present needs while also making room to meet future needs as well. On another hand, sustainability can be defined as the provision of current needs without jeopardizing provision for future needs.
Sustainability aims to look at the provision or meeting of needs or obligations at present and future times, making sure that none affects the other.
Sustainability is important in any business as it the key to any business standing the test of time and becoming reputable. Also, sustainability heps a business to attract employees and customers alike, it improves the business reputation as well as maintain the joy of shareholders among other things.
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