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3 years ago

In the united states, the fractional reserve policy that governs commercial banking is controlled by the ______________.

1 answer:

lisabon 2012 [21]3 years ago

4 0

In the united states, the fractional reserve policy that governs commercial banking is controlled by the Federal Reserve. Fractional reserve is a part of customer deposit that cannot be channeled as a loan for a debtor.
<span>This policy made to maintain commercial bank's liquidity. Thus, it will not collapse when a customer withdraw some amount from the deposit</span>

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The following information pertains to the January operating budget for Casey Corporation. times Budgeted sales for January $ 200

Alexeev081 [22]

Answer:

$120,000

Explanation:

The computation of the budgeted accounts receivable is shown below:

= Budgeted sales of January month × next month sales collection percentage

= $200,000 × 60%

= $120,000

We simply multiply the January accounts receivable with the next month collection sales percentage to find out the budgeted accounts receivable

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3 years ago

Seminole Company began year 2017 with 23,000 units of product in its January 1 inventory costing $15 each. It made successive pu

Rom4ik [11]

This question is incomplete.

The complete question, answer & explanation for this question is given in the attachment below.

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3 years ago

ou have just received seed money for a new e-commerce business and you want to hire a dozen people with a lot of creative potent

Degger [83]

Answer:

I have just received seed money for a new e-commerce business and you want to hire a dozen people with a lot of creative potential. To hire the most creative people, you would select applicants who:

Has above-average intelligence, is persistent, has subject-matter expertise, and an inventive thinking style.

Explanation:

Starting a new e-commerce business required the need for hire experienced personnel with creative thinking style in order to spur the business to the peak inline with vision and mission set for such businesses

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3 years ago

Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the s

kykrilka [37]

The scale of measurement used here is an ordinal scale.

Ordinal scales ask participants to rate things like satisfaction, happiness, comfort. etc. The important thing to remember about this scale is that the order of the values matter the most. For example: we know that a 5 is better than a 1, but we are unsure of exactly how much better. This difference cannot be quantified or measured exactly. An easy way to remember this one is that ordinal sounds like "order" and that is what this measure is used for- putting things in order.

The most common form of ordinal measures is the Likert Scale. The question is an illustration of a Likert Scale.

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4 years ago

Clifton Corporation acquired all of the outstanding Gillion stock on January 1, Year 1, for $2,400,000. The parties immediately

azamat

Answer:

Year 1: $2,150,000

Year 2: $2,291,600

Year 3: $2,260,320

Explanation:

Clifton's stock in Year 1 = $(2,400,000 - 250,000) = $2,150,000

To obtain percentage tax = (250,000 X 100%)/ 2,400,000 = 10.4% = 0.104

In year 2: Tax on $400,000 = $400,000 * 0.104 = $41,600

∴ Clifton's Stock in year 2 = $(2,150,000 + 41,600 + 100,000) = $2,291,600

In year 3: Tax on $180,00 = $180,000 * 0.104 = $18,720

∴ Clifton's stock in year 3 = $(2,291,600 + 18,720 + 300,000) = $2,260,320

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4 years ago