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Nikolay [14]
3 years ago
8

Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.

Business
1 answer:
astra-53 [7]3 years ago
5 0

Answer:

Explanation:

please find the attached for the full explanation of the answer.

before answering the total current assets that will be recorded by Symphony one needs to understand what a current asset is. A current asset  can be referred to a short term meaning that its span of life is short it can not be longer than 12 months hence current.

we also need to explain an asset: an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies

Download docx
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Black Horse deposits $2,000 in cash in his checking account at Bank for the People of West Dakota. The reserve requirement is 25
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Answer:

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Explanation:

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The money multiplier = 1/0.25

The money multiplier = 4

The initial deposits = $2,000

The maximum possible expansion of deposits = Initial deposits * The money multiplier  = $2,000 * 4 = $8,000. Thus, the maximum expansion of the money supply possible from the original deposit is $8,000

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Answer:

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