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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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Accounts receivable $29,500
Alecsey [184]

Answer:

Company's current ratio is 2.4

Explanation:

Current ratio = Current assets / Current liability

Current ratio = 46,880/19,500

Current ratio = 2.404 =2.4

<u>WORKINGS</u>

Current assets:

Account Receivable= 29,500

Office supplies 4,800 (Assuming they are stocks of supplies)

Prepaid insurance 4,680

Cash 7,900

Total current assets=46,880

Current liabilities

Account Payable 13,500

Unearned services revenue 6,000

Total current liability= 19,500

6 0
3 years ago
A firm’s stock is expected to pay a $2 annual dividend next year, and the current $50 stock price is expected to rise to $60 ove
pochemuha

Answer:

Expected rate of return will be 24%

So option (b) will be correct option

Explanation:

We have given dividend in next year will be $2

So dividend D_1=2$

Current stock price P_0 = $50

And it is given that in next year stock price is $60

So growth rate =\frac{60-50}{50}=0.2 = 20%

We have to find the expected return after 12 month, that is after 1 year

We know that current price is given by P_0=\frac{D_1}{R_e-g}

50=\frac{2}{R_e-0.2}

50R_e-10=2

50R_e=12

R_e=0.24 = 24%

So expected rate of return will be 24%

So option (B) will be correct option

3 0
3 years ago
How is your hat a representation of your leadership skills? (Take your time)
levacccp [35]

Answer:Not the kind that people might laugh at or that might smoosh your hair, ... Change Agent. ... The best leaders put on their delegator hat willingly and strategically to ... With the right environment, resources, skills and knowledge,

Explanation:

8 0
2 years ago
What happens if the amount of Bad Debt Expense is overstated at year end? A : Net income will be overstated. B : Allowance for D
Yuri [45]

Answer:

D. Net Accounts Receivable will be understated

Explanation:

5 0
3 years ago
How manny people went to collage, and wish they hadn't? (This year.) (Average)
Anna007 [38]
Around 22 % this year alone.

8 0
3 years ago
Read 2 more answers
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