1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
r-ruslan [8.4K]
2 years ago
10

Use the information presented in Southwestern Mutual Bank's balance sheet to answer the following questions. Bank's Balance Shee

t Assets Liabilities and Owners' Equity Reserves $150 Deposits $1,200 Loans $600 Debt $200 Securities $750 Capital (owners' equity) $100 Suppose a new customer adds $100 to his account at Southwestern Mutual Bank, which the owners of the bank then use to make $100 worth of new loans. This would increase the loans account and the account.
Business
1 answer:
lord [1]2 years ago
3 0

Answer:

Southwestern Mutual Bank

This would increase the loans account and the deposit account by $100 respectively.

Explanation:

a) Data and Calculations:

Southwestern Mutual Bank

Balance Sheet

Assets                                    Liabilities and Owners' Equity

Reserves             $150          Deposits                         $1,200

Loans                 $600           Debt                                 $200

Securities           $750           Capital (owners' equity)  $100

Total assets     $1,500          Total liabilities + equity $1,500

New customer deposit = $100

New loans made by the owners = $100

You might be interested in
On December 31, 2016, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,800. The company e
mamaluj [8]

Answer:

C. $52,100

Explanation:

Account Receivables On December 31, 2016,

= $53,800

Estimate of receivables that will not be collected is an indication of receivables gone bad.

Such receivables are usually written off the books by Crediting account receivables and debiting bad debit expense.

If it is only probable that the receivables may not be collected, the entries would be credit to allowance for bad debt and a debit to bad debt.

In this instance, the debt will not be collected hence

Debit bad debt expense  $1,700

Credit Trade receivables    $1,700

Being entries to recognize receivables that will not be collected.

Account receivables adjusted balance = $53,800 - $1,700

= $52,100

8 0
3 years ago
Evert Company makes two types of circuit boards. One is a high-caliber board designed to accomplish the most demanding tasks; th
Allisa [31]

Answer:

The calculation is shown below:-

Explanation:

a. Unit-level activities

Total direct labor hours = 27,000

Total inspection cost = $540,000

Per direct labor hours cost = $540,000 ÷ 27,000

= $20

Allocations

High caliber = 6,000 × $20

= $120,000

Low caliber = 21,000 × $20

= $420,000

b. Batch-level activities

Total number of batches = 40

Total inspection cost = $540,000

Cost per batch = $540,000 ÷ 40

= $13,500

Allocations

High caliber = $13,500 × 20

= $270,000

Low caliber = $13,500 × 20

= $270,000

c. Product-level activities

Total number of inspections = 5

Total inspection cost = $540,000

Cost per inspections = $540,000 ÷ 5

= $108,000

Allocation

High caliber = $108,000 × 3

= $324,000

Low Caliber = $108,000 × 2

= $216,000

d. Facility-level activities

Total number of square feet = 100,000

Total inspection cost = $540,000

Cost per square feet = $540,000 ÷ 100,000

= $5.4

Allocation

High caliber = 30,000 × $5.4

= $162,000

Low caliber = 70,000 × $5.4

= $378,000

4 0
3 years ago
When considering sales tax, more elastic demand results in _____
AnnZ [28]

Answer:

a. more deadweight loss and less revenue

Explanation:

Sales tax increases the price of a good or service.

Demand is elastic if a small change in price has a greater effect on the quantity demanded.

If a sales tax is imposed on a good or service, the price of the good would increase and become more expensive. This would lead to a fall in quantity demanded and an increase in deadweight loss and a loss of revenue.

I hope my answer helps you

4 0
2 years ago
How would you pay taxes on a earned income?
nasty-shy [4]
You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.
3 0
3 years ago
A business goes to the trouble and expense of segmenting _________.a. its markets when its customers are dissatisfied. b. it exp
malfutka [58]

Answer:

b. it expects that this will increase sales and profits

Explanation:

6 0
3 years ago
Other questions:
  • Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4.5% charge on sales for using its
    10·1 answer
  • Bauman Flooring found a supplier of very inexpensive fibers that could be used to produce low-grade carpeting at a very low cost
    7·1 answer
  • Apple issued three debt issues of corporate bonds to borrow money to finance the building and operating of its new research lab.
    7·1 answer
  • Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal
    13·1 answer
  • What service does the acfe provide to allow individuals to anonymously report allegations of ethical violations, fraud, waste, a
    13·1 answer
  • All of the following items are considered manufacturing costs except for: * Source: Retired ICMA CMA Exam Questions. Tires for a
    15·1 answer
  • If STUDENT and COURSE participate in a relationship, this is an example of a(n):
    9·1 answer
  • CDB stock is currently priced at $80. The company will pay a dividend of $4.57 next year and investors require a return of 10.8
    14·1 answer
  • Itemise the importance of marketing in an economy <br><br>​
    8·1 answer
  • AMaZon is taking forever to ship my tablet. answer with problems you've had with aMaZon
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!