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3 years ago

What is patronage?

Business

2 answers:

Paul [167]3 years ago

7 0

It's b or d. but it means some sort of support

Zielflug [23.3K]3 years ago

5 0

Answer: The Answers B!

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Suppose that Ava withdraws $300 from her savings account at Second Bank. The reserve requirement facing Second Bank is 10%. Assu

zepelin [54]

Answer:

Change in Reserves: –$30

Change in Deposits: –$300

Change in Loans: –$270

Explanation:

The calculation of each element of the balance sheet is as follows:

Change in Reserves = Amount withdrawn by Ava * Reserve requirement faced by Second Bank = $300 * 10% = $30. This is a reduction and will be negative in the Second Bank's Balance Sheet.

Change in Deposits = Amount withdrawn by Ava = $300. This is a reduction and will be negative in the Second Bank's Balance Sheet.

Change in loan = Amount withdrawn by Ava - Change in Reserves = $300 - $30 = $270. This is a reduction and will be negative in the Second Bank's Balance Sheet.

4 0

3 years ago

The basic difference between a good and a service is that a good

d1i1m1o1n [39]

Answer:

The basic difference between a good and a service is that a good is tangible while a service is intangible.

Explanation

Check the table attached to find an outline of the basic differences between a good and a service.

Download doc

8 0

3 years ago

Read 2 more answers

Entries to Write Off Accounts Receivable Creative Solutions Company, a computer consulting firm, has decided to write off the $1

Romashka [77]

Answer:

A. Debit Bad Debt Expense 13780

Credit Accounts Receivable Wil Treadwell 13780

B. Debit Allowance for Doubtful Accounts 13780

Credit Accounts Receivable Wil Treadwell 13780

Explanation:

7 0

3 years ago

Pesto Company possesses 80 percent of Salerno Company’s outstanding voting stock. Pesto uses the initial value method to account

hichkok12 [17]

Answer:

The retainesd earnings figure will increase by 464,400 dollars

Explanation:

Parent Company premium:

Premium: 750,000 / 20 years = 37,500 depreciation per year

unamortized portion at Dec 31th 2013:

amortized: 750,000 - 37,500 x 4 years = 150,000

unarmortized: 750,000 - 150,000 = 600,000

We must reverse 40% of the premium as is within the same company:

600,000 x 40% = 240,000

Subsidiary Discount:

16,500,000 X 40% = 6,600,000

Purchase at 96.6

Discount of 3.4 = 6,600,000 x 3.4% = 224,400

We must reverse this as is part of the same company.

In total retained earnings will increase by

240,000 + 224,400 = 464,400 dollars

8 0

3 years ago

Nessca corp. manufactures electronic gadgets. it instructs its marketing team to competitively advertise and promote its gadgets

Natasha2012 [34]

I guess the correct answer is be inward looking, focusing on selling what the firm makes.

Nessca Corp. manufactures electronic gadgets. It instructs its marketing team to competitively advertise and promote its gadgets. The company, instead of believing in market research, believes that the market will absorb more products if customers are made aware of the products. The workforce of Nessca Corp. is most likely to be inward looking, focusing on selling what the firm makes.

4 0

3 years ago

Read 2 more answers