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Olenka [21]
4 years ago
11

A commercial bank's reserves are Multiple Choice liabilities to the commercial bank and assets to the Federal Reserve Bank holdi

ng them. liabilities to both the commercial bank and the Federal Reserve Bank holding them. assets to the commercial bank and liabilities to the Federal Reserve Bank holding them. assets to both the commercial bank and the Federal Reserve Bank holding them.
Business
1 answer:
ad-work [718]4 years ago
3 0

Answer:

assets to the commercial bank and liabilities to the Federal Reserve Bank holding them.

Explanation:

A commercial's bank's reserves are assets to the commercial bank and liabilities to the Federal Reserve Bank holding them.

Assets are all the resources owned by the commercial bank while liabilities are their debts or financial obligations to the Federal Reserve Bank.

The reserves of a commercial bank generally is comprised of deposits at the Federal Reserve Bank and vault cash.

Excess reserves determines the amount a commercial bank can lend out.

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On January 2 Kelly company performed $800 worth of services for a client. The client paid $100 immediately, but promised to pay
Sliva [168]

Answer:

$100, $700, $800

Explanation:

Calley Journal entries would include:

Debiting $100 to the cash account

Debit the $700 to the receivables account

Credit $800 to the revenue account

This follows the double entry rule that a credit in one account must correspond to at least one debit in another account.

We debit all asset accounts(receivables,cash) when increased and credit all liabilities account when increased. We credit all income account(revenue) when increased and debit all expenses account when increased.

6 0
4 years ago
Read 2 more answers
Darren and Nikki own a cabin in Mammoth, California. During the year, they rented it for 45 days for $9,000 and used it for 12 d
Neko [114]

Answer:

Total loss = 3,592.1053

Explanation:

Given:

Income from rent (For 45 days) = $9,000

Personal use = 12 days

Mortgage = $8,000

Property taxes = $2,000

Utilities = $1,200

Maintenance = $750

Depreciation = $4,000

Computation:

Total Allocated expenses = 45 days / 57 days [$8,000 + $2,000 + $1,200 + $750 + $4,000]

Total Allocated expenses = 45 / 57 [15,950]

Total Allocated expenses = $12,592.1053

Total loss = Total Allocated expenses - Income from rent

Total loss = $12,592.1053 - $9,000

Total loss = 3,592.1053

3 0
3 years ago
Baldwin's product manager is considering lowering the price of the buzz product by $2.50 and wants to know what the impact will
Liono4ka [1.6K]
<span>Buzz's contribution margin will be 34% if the price is lowered.
</span>
Old Price - 2.5 = 32.5
32.5-(14.36MC+7.09LC) = 11.05 
11.05/32.5 =.34
.34 = 34%
3 0
4 years ago
increases in government spending are not very effective in offsetting real shocks because they shift the:
yulyashka [42]

Increases in government spending are not very effective in offsetting real shocks because they shift the aggregate demand.

<h2>Definition of Aggregate Demand</h2>

Aggregate demand is the value of all requests for all types of goods and services produced in a certain period. The demand value contained in this aggregate will be expressed in terms of the overall value used for these goods and services up to a more specific price level and at a certain time period.

Some things that include aggregate demand are all consumer goods, capital goods used for the production process, import-export activities, and state government spending programs. Each of these variables will be considered the same as long as they are traded at the same market value.

This aggregate demand can also be calculated over a long period of time, which is often referred to as GDP or Gross Domestic demand. If this GDP will describe the total value and also the goods produced, then aggregate demand will represent the desire for goods and services.

Learn more about aggregate demand at brainly.com/question/29349235.

#SPJ4

5 0
1 year ago
In addition to higher productivity and efficiency, high-performance work systems may also include what other outcomes?
Ksju [112]
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4 0
3 years ago
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