I would say that Christopher used a show and tell technique to demonstrate what he has made as that is the most effective way to reveal one's abilities is to see the outcome with one's own eyes and then how it was made makes much more sense than just describing it with only words.
A Service Enterprise is an organization that strategically leverages volunteers to achieve operational efficiency and greater social impact. Service Enterprises are among the top 11 percent of nonprofits in the country in volunteer management and organizational performance.
Answer:
$380 million
Explanation:
Given that,
Deposits = $120 million
Required reserve ratio = 20 percent
Total bank reserves = $100 million
Required reserve ratio refers to the portion of deposits that is kept with the reserve bank.
Required reserves:
= Deposits × Required reserve ratio
= $120 million × 0.2
= $24 million
Excess reserves:
= Total reserves - Required reserves
= $100 - $24
= $76
So, there is a excess reserves in this economy.
Money multiplier = 1/Required reserve ratio
= 1/0.2
= 5
Therefore, the total money creation potential of this deposit is as follows:
= Excess reserves × Money multiplier
= $76 × 5
= $380 million
Hence, an increase in deposit creation by $380 million.
Answer: Destination Contract.
Explanation:
Destination Contract is a contract for the sale of goods, in which the seller is required or authorized to ship the goods by carrier and tender delivery of the goods at a particular destination.
The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.
The seller bears the risk of loss until he completes his delivery requirements as stated under the destination contract. If the goods are destroyed or damaged while in transit to buyer, the seller bears the loss.
After the delivery company has delivered the goods at the buyer’s location, then the seller is no longer liable for any damages after that.
Answer:
Inventory cycle = <u>Inventory </u> x 365 days
Cost of goods sold
Inventory cycle = <u>$75,000</u> x 365 days
$360,000
= 76.04 days
Receivable days = <u>Accounts receivable</u> x 365 days
Sales
= <u>$160,000</u> x 365 days
$600,000
= 97.33 days
Payable days = <u>Accounts payable</u> x 365 days
Cost of sales
= <u>$25,000 </u> x 365 days
$360,000
= 25.35 days
Cash conversion cycle
= Inventory cycle + Receivable days - Payable days
= 76.04 days + 97.33 days - 25.35 days
= 148.0 days
Explanation:
Cash conversion cycle is calculated as raw inventory cycle plus receivable days minus payable days. Inventory cycle is the ratio of inventory to cost of goods sold multiplied by number of days in a year. Receivable days refer to the ratio of accounts receivable to sales multiplied by number of days in a year. Payable day is the ratio of accounts payable to cost of goods sold multiplied by number of days in a year.
