Answer:
the size of the banks actual reserves is $38,000
Explanation:
The computation the size of the bank actual reserve is shown below:
But before that the required reserve is
= Reserve ratio × checkable deposit
= 20% × 150,000
= $30,000
Now the actual reserve is
= Required reserve + excess reserve
= $30,000 + $8,000
= $38,000
Hence, the size of the banks actual reserves is $38,000
Answer:
Total compensation strategy.
Explanation:
It is also known as total reward strategy. A total compensation plan includes much more than a basic salary. This includes medical plans, retirement options, flexible work schedules, vacations, days off with pay, dining rooms, gyms, vehicle allocation, housing plans, performance bonuses, activities for the welfare of the collaborator, among others.
Answer: The correct answer is B. debit Fees Revenue and credit Unearned Fees Revenue, $3,000
Explanation: As at 1 April 2016, the $12,00 Johnson Bookkeeping received should have been a debit to cash and credit to unearned fees revenue. Since that was a misposting and considering the fact that 9 months had already passed, the firm has to prorate the fees that has been earned by 9/12*$12,000=$9,000 (this stays in fees revenues at (31 December 2016). Remember the fees received is for a 12-month period (1 April 2016 to 31 March 2017). So, we have to report $3,000 ($12,000 minus $9,000) as unearned fees as at 31 December 2016.
However, Johnson Bookeeping would experience a spike in revenue in April 2016 management reporting due to the misposting and subsequently there would a decline, all other things held constant, in revenue. On a normal day, if the posting was accurately done to unearned fees revenue, the firm would amortize over 12 months to fees revenue, that is $1,000 every month.
Answer:
gross profit ratio = gross profit / net sales = $1,126,000 / $3,086,000 = 36.49%
return on assets = net income / total assets = $139,000 / $946,000 = 14.69%
profit margin = net income / net sales = $139,000 / $3,086,000 = 4.5%
asset turnover = net sales / average total assets = $3,086,000 / [($946,000 + $794,200) / 2] = 3.55 times
return on equity = net income / shareholders' equity = $139,000 / $547,000 = 25.41%
price earnings ratio = current sock price / earnings per share = $28.30 / $1.40 = 20.21 times
Answer:
D. Flow-through tax entity.
Explanation:
An organization that does not pay income tax on its profits but passes them through to its owners who pay the tax at their individual rates is called a flow-through tax entity.