Answer:
the banks will eventually make new loans totaling 9,000 and the money supply will increase by 10,000
Explanation:
The money multiplier is 1/0.10= 10. If 1,000 new dollars of currency are deposited in the banks, they must hold $100 as required reserves and can lend out $900. Through the money multiplier, loans will increase by $900*10= $9000. The expansion of the money supply is the original deposit + the increase in loans or $1,000+ $9,000= $10,000
Answer:
$32,000
Explanation:
Given that,
Asset = $114,000
Liabilities = $82,000
Stockholders' equity at the beginning of the year:
= Asset - Liabilities
= $114,000 - $82,000
= $32,000
During the year:
Assets increased by $14,800
Liabilities decreased by $10,400
New assets = $114,000 + $14,800
= $128,800
New Liability = $82,000 - $10,400
= $92,400
New Stockholders' equity:
= New Asset - New Liabilities
= $128,800 - $92,400
= $36,400
Explanation:
The journal entry is as follows
Cash Dr $10,644
To Sales revenue $10,619
To Cash short and over $25
(Being the cash sales and the cash receipts is recorded)
We simply debited the cash account and credited the sales revenue and remaining balance is transferred to cash short and over account so that the proper posting could be done
Answer:
the Company C is the most profitable
Explanation:
The computation of the profit margin for the following companies is
We know that
Profit margin = Net income ÷ Net sales
Now
<u>Company Net income Net sales Profit margin </u>
a $5,253 $44,140 11.9%
b $86,033 $392,846 21.9%
c $90,324 $251,598 35.9%
d $63,120 $1,434,550 4.4%
e $72,787 $428,158 17.0%
Based on the calculation above, the Company C is the most profitable
Determining the baseline performance occurs in the six sigma dmaic step known as: measure