c a type of marchandiser that buys merchadise from a manufacture
Answer:
This equals $12,256.70 (230 x $50.70 + 230 x $2.59)
Explanation:
The value of the portfolio on May 3 is the sum of the market value of the shares plus the sum of the returns in form of dividends to be received.
This value adds the weight of the investment obtained by multiplying the total shares held with its market price to the expected dividend returns on the given date.
Answer: $40,000
Explanation:
The maximum amount of additional money that Carland National Bank can create will be calculated as the difference between the total reserve and the excess reserve. This will be:
= Total reserve – required reserve
where,
Total reserve = $60,000
Required reserve = 200000 × 10%
= 200,000 × 0.1
= $20,000
Therefore,
Excess reserve = $60000 - $20000
Excess reserve = $40000
