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scoundrel [369]
3 years ago
15

Use the following balance sheet data for the First National Bank to answer the next question. Assets Liabilities Net Worth Reser

ves $50,000 Checkable deposits $120,000 Loans 75,000 Stock shares 130,000 Securities 25,000 Property 100,000 If a check for $14,000 is drawn and cleared against this bank, then its reserves and checkable deposits will be, respectively rev: 06_06_2018 Multiple Choice $50,000 and $120,000. $50,000 and $106,000. $36,000 and $120,000. $36,000 and $106,000.
Business
1 answer:
DiKsa [7]3 years ago
7 0

Answer:

Reserves & Checkable deposits will equal to $36,000 and $106,000

Explanation:

The amount of checkable deposits is given $120,000 on the liabilities side. So, the withdrawal and clearance of check worth $14,000 will lead to a decline in the number of checkable deposits by $14,000. As a result, the remaining amount of checkable deposits will equal to $106,000 ($120,000 - $14,000).

To maintain the balance on asset & liabilities side of the balance sheet, the asset side will also reduce by $14,000. $14,000 will be deducted from the reserves of the bank. As a result, the remaining amount of reserves is equal to $36,000 ($50,000 - $14,000).

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The statement of cash flows for Baldwin Company shows what happens in the Cash account during the year. It can be seen as a summ
gavmur [86]

Answer:

A) It is a use of cash, and will be shown in the investing section as a subtraction.

B) Depreciation Expense

C) Chester’s long-term debt will rise by $10,000,000

D) Broad differentiation

E) Andrews ROE will increase.

Explanation:

A) As the company will do a cash dibursement will be considered cash use and because is investing on it to increase future cash flow

B) A period cost is a cost which cannot be capitalized into an asset. As cost which occur as the time passes over the years Which is the case for depreciation expense

C) bonds payable for 10,000,000 will be recorded

the leverage is a ratio to analize the firm it does not influence the accounting

D) The company differenciate his products from the rest of their competitors in a great variety of products rather than a single buyer segment.

E) ROE will increase as the leverage makes the debt weight increase while the equity weight (proportion of the company owned by the stockholders)

For the rest ofthe options the information provided is insufficient please do another question with the information

8 0
3 years ago
The price of a complementary good changes. __________ Demand shifts Movement along demand Incomes in the economy​ change; the go
ad-work [718]

NOTE: Your question isn't clear, Johnson. Would you mind checking it and writing it in a way you can be better helped?

Meanwhile, I hope these explanation below helps.

Answer and Explanation:

Two goods are said to be complementary goods if an increase in the price of a particular one leads to a commensurate decrease in the demand that buyers placed for the other one.

A good is said to be a normal good if the reason for an increase in demand is due to an increase in the income of the buyers.

A good is said to be an inferior good if there is a decrease in demand even though the buyers have experienced increase in their income.

4 0
3 years ago
You own a business which generates $200,000 in profit per year. Someone has offered to buy it from you. Based on a 5 year projec
cluponka [151]

Answer:

The Present worth is $777930.25

Explanation:

FInd the NPV of the cashflows

NPV = 200000/(1+0.09)^1 + 200000/(1+0.09)^2 + 200000/(1+0.09)^3 + 200000/(1+0.09)^4 + 200000/(1+0.09)^5

= $777930.25

Therefore, The Present worth is $777930.25

6 0
3 years ago
A machine with a cost of $100,000 and accumulated depreciation of $98,000 is sold for $70,000 cash. The amount that should be re
Reptile [31]

Answer:

$70,000

Explanation:

cash flows from investing activities  generally refers to money made or spent  on long-term assets the company has purchased or sold. Investing transactions generate cash  outflows, such as capital expenditures for plant, property and equipment, business acquisitions  and the purchase of investment securities. Inflows come from the sale of non- current assets such as machines and equipment, businesses and  investment securities. For investors, the most important item in this category is capital  expenditures, made to ensure the proper maintenance of, and additions to, a company's physical  assets to support its efficient operation and competitiveness.

So based on the above discussion, the amount that should be reported in cash flow from investing activities is cash inflow from purchase of machine which is "$70,000"

7 0
4 years ago
A trust deed gives the lender a right to request the trustee perform certain tasks in order to fulfill the terms of the trust. T
yulyashka [42]

Answer:

naked title

Explanation:

According to my research on property documentation, I can say that based on the information provided within the question the trustee holds the naked title. The Naked Title is defined as the bare legal title to a certain property, which does not include any of the benefits of ownership.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
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