Answer:
The answer is Option D. 1.68 times
Explanation:
The formula for equity multiplier is:
Equity Multiplier = Total assets ÷ Total stockholder's equity
In 2017:
Total stockholder's equity = Common stock + Retained earnings
Total stockholder's equity = $2890 + $700 = $3590
Total assets = $6,015
Now, putting these values in the above formula, we get,
Equity multiplier = $6,015 ÷ $3,590 = 1.68 times
With respect to binding Frakking Mining to contracts, Emery is: B. an agent and has the authority.
<h3>What is contract?</h3>
A contract can be defined as an agreement between two or more parties in which the parties involve tend to agreed to the terms and condition of the contract.
Hence, if Emery serves in a representative capacity for Frakking's Mining Corporation owners with regards to binding Frakking Mining to contracts, Emery is will be an agent and tend to have the authority.
Therefore the correct option is B.
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Answer:
C. Checkable deposits decline by $10 million.
Explanation:
The banks must keep a reserve of money at Central Banks, the amount is defined by the reserve ratio, 10% in this case, but the banks could keep an extra reserve of money at Central Banks, in this case it's $ 1 million, so, if the bank decides to keep that reserve it means will be less money available to checkable deposit in the same amount.
When the banks keeps reserve by his own will, the required reserve ratio is not applicable to the amount, is the same situation as if we want to keep our money in the bank, for banks, they keep money in Central Banks.
hoping having been clear.
Answer:
risk aversion.
Explanation:
Have you ever heard "A bird in the hand is worth two in the bush"?
It relates to safe investments or activities that yield known returns, instead of simply trying to go after more birds that you might or might not catch.
Tom knows that he can sue the title company and earn a lot of money, but he also knows that he might lose the case and instead of getting some money will have to spend a lot of his money in legal fees. Since he dislikes the risk of losing both the suit and his own money, he decided to accept the company's settlement.
At breakeven point, the cost is equal to the revenue. This also means that the net profit is equal to zero. If we let x be the number of units sold or produced, the total costs and revenue are calculated as follows:
Total Cost = 10x + 10,000
Total Revenue = 20x
Equation both,
10x + 10,000 = 20x
The value of x from the equation is 1000.
Answer: 1000
