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Marianna [84]
3 years ago
7

Assets Liabilities

Business
1 answer:
Jobisdone [24]3 years ago
3 0

Answer:

b. $40,000

Explanation:

Calculation for What additional money Carland National Bank can create

Using this formula

Additional money=Total Reserves-(Demand Deposits*Reserve requirement percentage)

Let plug in the formula

Additional money = $60,000 -( $200,000*10%)

Additional money = $60,000-$20,000

Additional money = $40,000

Therefore the additional money Carland National Bank can create will be $40,000

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What is meant by market in the lower-of-cost-or-market rule?
Pavel [41]

Answer:

Stock is valued at lower of : cost or market price [prudence principle]

Explanation :

Prudence or Conservatism is an accounting principle : anticipating for all possible losses & expenditures, not anticipating for possible profits & gains. This makes business better prepared to face all contingent expenditures/ losses.

This concept's implication is that : Stock or Inventory is valued at the value whichever is lesser between 'cost of inventory' & sale price. This makes inventory valuation as per the above explained Prudence/ Conservatism principle.

7 0
3 years ago
Ruby, age 50, is considering going back to school. She would like to retire at age 67. She currently earns $50,000 per year. If
weeeeeb [17]

Answer:

Ruby should go to college.

Explanation:

Ruby is currently 50 years old and earning $50,000 per year.  

She would like to retire at 67.  

She is thinking of going back to college, to complete a graduate degree.

After completing a graduate degree from the college she would earn $55,000.

The total cost of a graduate degree is $75,000.  

Ruby still has 17 years to work and earn.  

Her income will increase by $5,000 after college

The increase in income earned after college until retirement

= $5,000 \times 17

= $85,000

Since the increase in income is greater than the cost of going to college, Ruby should go to college.

4 0
3 years ago
Fruit Car Company manufactures 10 fruit themed cars per month. A compact media center is included in each car. Fruit Car Company
Firdavs [7]
The answer for this isss c
3 0
2 years ago
Most consumer protection statutes praise and protect unconscionable contracts and contracts of adhesion.
Mariana [72]

The statement " Most consumer protection statutes praise and protect unconscionable contracts and contracts of adhesion" is true.

<h3>What consumer protection?</h3>

Consumer protection can be defined as the way of protecting consumer or buyers against trade practice that is unjust.

Hence, the statement is correct because consumer protection help to praise and as well safeguard unconscionable contracts and contracts of adhesion.

Learn more about Consumer protection here:brainly.com/question/14952903

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4 0
2 years ago
Walmart's decision to build fulfillment centers illustrates which force in​ Porter's Five Forces​ Model?
serg [7]

Answer:

the correct answer is D. threat of new entrants

good luck

5 0
3 years ago
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