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pantera1 [17]
3 years ago
10

An initial decreasedecrease in a​ bank's reserves will decreasedecrease checkable deposits A. by an amount less than the decreas

edecrease in reserves. B. by an amount greater than the decreasedecrease in reserves. C. by an amount equal to the decreasedecrease in reserves. D. An initial decreasedecrease in reserves will increaseincrease checkable deposits.
Business
1 answer:
svlad2 [7]3 years ago
8 0

Answer:

The correct answer is B

Explanation:

Bank reserve is the minimum cash which is required to kept on hand through the financial institutions so that could meet the requirements of central bank.

Checkable deposits is a kind of any demand deposit account in anticipation of the checks or the drafts in any form which will be written. In short, it means that the owner of the account could withdraw funds on demand.

So, if the primary decrease in bank reserve will also decrease the checkable deposit as there would be no cash with bank to provide to customers by the amount that is greater than the decrease in the reserve.

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A plant asset acquired on October 1, 2018, at a cost of $400,000 has an estimated useful life of 10 years. The salvage value is
melamori03 [73]

Answer:

The depreciation expense for the first two years is $72,000.

Explanation:

Under straight-line method, depreciation expense is (Cost - Residual value) / No of years = ($400,000 - $40,000) / 10 years = $36,000 yearly depreciation expense.

Using this method, the depreciation expense for the first two years is $36,000 x 2 years = $72,000. This amount is regarded as the accumulated depreciation at the end of Year 2 while the net book value would be $400,000 - $72,000 = $328,000.

3 0
3 years ago
A company purchased equipment valued at $120,000. It traded in old equipment for a $95,000 trade-in allowance and the company pa
Zepler [3.9K]

Answer:

$120,000

Explanation:

Data provided in the question

Purchase value of an equipment = $120,000

Trade in allowance = $95,000

Paid cash = $25,000

Cost of an old equipment = $110,000

Accumulated depreciation = $33,000

So by considering the above situation, the recorded value of the equipment is $120,000 as the cash is paid for $25,000 and the trade in allowance is $95,000

So it would be equal to the purchase value i.e $120,000

8 0
3 years ago
Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 14 percent. You als
mina [271]

Answer:

$5.89

Explanation:

The computation of current dividend per share is shown below:-

(Dividend in One Year) ÷ Current Price

= 14% ÷ 2

= 7%

Dividend = Dividend yield × Stock currently sold per share

= 0.07 × $90

= 6.3

Current dividend per share = Dividend ÷ (1 + Dividend yield)

= 6.3 ÷ (1 + 0.07)

=  6.3 ÷ 1.07

= $5.89

Therefore for computing the current dividend per share we simply applied the above formula.

6 0
3 years ago
The debt owed by a business to an outside individual or organization is called its?
worty [1.4K]

The debt owed by a business is called liabilities. Liabilities are obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like  products, services.

Liabilities on balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties etc. Assets can be contrasted with liabilities. Assets are items business own or owe money to, whereas liabilities are debts or other obligations.

Short-term financial commitments of a business that are due in a year or within its typical operational cycle are known as current liabilities.

To learn more about  liabilities, click here

brainly.com/question/27843625

#SPJ4

7 0
1 year ago
Discount-Mart (see Problem 16.8), as part of its new Lean program, has signed a long-term contract with Specialty Lighting and w
Katena32 [7]

Answer:

Please see attachment

Explanation:

Please see attachment

5 0
3 years ago
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