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maksim [4K]
3 years ago
13

A commercial bank has excess reserves of $500 and a required reserve ratio of 20%; it grants a loan of $1000 to a borrower. If t

he borrower writes a check for $1000 which is deposited in another commercial bank, the first bank will be short of reserves, after the check has been cleared, in the amount of:
Business
1 answer:
koban [17]3 years ago
8 0

Answer:

$500

Explanation:

Calculation for amount that the first bank will be short of reserves, after the check has been cleared

Using this formula

Reserve shortage=Loan granted(check)-Excess reserves

Let plug in the formula

Reserve shortage=$1,000-$500

Reserve shortage=$500

Therefore the first bank will be short of reserves, after the check has been cleared, in the amount of:$500

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Swifty Company has identified that the cost of a new computer will be $30000, but with the use of the new computer, net income w
klio [65]

Answer:

10.0 years

Explanation:

The computation of the payback period is shown below

We know that

Payback period = initial cost ÷ increase in net income

= $30,000 ÷ $3,000

= 10 years

As the depreciation expense is a non-cash expense so we dont considered it

Therefore the first option is correct

8 0
3 years ago
Associated Breweries is planning to market alcohol-free beer. To finance the venture it proposes to make a rights issue at $10 o
Tomtit [17]

Answer:

Number of new shares:

= 100,000×(1÷2)

= 50,000

Amount of new investment:

= 50,000×$10

= $500,000

Total value of company after issue:

= $500,000+100,000×$40

= $4,500,000

Total number of shares after issue:

= 100,000+50,000

= 150,000

Share price after issue:

= $4,500,000÷150,000

= $30

3 0
3 years ago
Read 2 more answers
The point where total expenses equals to total income? ​
Anna35 [415]

Answer:

yfku

Explanation:

5 0
3 years ago
Angie owns numerous strip malls. A major tenant of one of the strip malls wanted to cancel its lease because it was moving to an
Vlad [161]

Answer:

1. To determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.

2. Ordinary income of $60,000

Explanation:

1. Based on the information given the factors that she should consider in order to determine the amount as well as the character of her income from these circumstances is to determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.

b. Based on the information given we were told that the tenant paid her the amount of $60,000 in order to cancel its obligations under the lease which means that the amount and character of her income from the cancelled lease will be ORDINARY INCOME of the amount of $60,000 which we were told the tenant paid her in order to cancel its obligations under the lease.

7 0
3 years ago
Can putting an application form for a new job in with the business mail be considered an example of theft or fraud at work?
mihalych1998 [28]

This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer.

<h3>What is fraud ?</h3>

Fraud exists as a deliberate act (or failure to act) to acquire an unauthorized benefit, either for oneself or for the institution, by utilizing deception or false suggestions or suppression of truth or other unethical standards, which exist believed and relied upon by others. The definition of an e-mail exists as a message sent from one computer to another over the Internet, utilizing a set web mail server address.

This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer. It would also look bad if the organization to whom you had applied for the new job had detected that your envelope had been spent for by your employer and they may question your honesty and innocence as a person.

To learn more about fraud refer to:

brainly.com/question/1260589

#SPJ9

4 0
2 years ago
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