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4 years ago

9

Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the

bank lend?
a.)$400
b.)$1,600
c.)$2,000
d.)$1,200

1 answer:

Scrat [10]4 years ago

6 0

the answer is B.)$1,600

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In the global business environment, small businesses are becoming more entrepreneurial while larger organizations are "shying" a

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Answer:

a. True

Explanation:

Since small business has lesser processes and paper work as compare to the larger organizations where formal procedures are in placed

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3 years ago

Knowledge Check 01 Which of the following is a correct statement regarding control of over-the-counter cash receipts: multiple c

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Answer: The supervisor should compare the register transactions with the cash receipts report to make sure that both are correct.

Explanation:

The cash register shows the actual amount of money that is collected by the business during the day and the cash receipts journal records the cash collected.

There is therefore a need to ensure that these two tally up as a control method. The supervisors should therefore check for this and if they find that these two are not the same, it means that there is an error somewhere that needs to be rectified.

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3 years ago

Mullineaux Corporation has a target capital structure of 64 percent common stock, 9 percent preferred stock, and 27 percent debt

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Answer:

10.02%

Explanation:

The computation of the WACC is shown below. The formula of WACC is shown below:

= (Weightage of debt × cost of debt) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)

= 27% × 7.6% × (1 - 0.40) + 9% × 5.9% + 64% × 12.9%

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3 years ago

Blossom Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par valu

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Answer:

December 31, 2021

Debit : Dividends $28,500

Credit : Shareholders for Dividends $28,500

Explanation:

The Dividends declared present a present obligation by the entity to its shareholders.

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3 years ago

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Answer:

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To determine the ending work in process inventory, we need to do the following computations:

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Total value of Ending work in process inventory <u> $ 146,575</u>

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3 years ago