Given:
Checkable deposit = $100 million
actual reserves = $12 million
required reserve ratio = 10%
100 million * 10% = 10 million
10 million - 12 million = 2 million excess reserves
D.) $2 million is the bank's excess reserves
Answer:
see below
Explanation:
India has the longest coastline connecting it to Europe, Asia, and African countries. The coastline has helped India establish close contacts with these counties, which has benefited India socially, diplomatically, and economically.
some of the benefits include
1) Trade - The coastline allows India to trade with many countries due to its ease of accessibility. Importing and exporting to India is less expensive due to its proximity to the ocean.
2) Boast to tourism - a long coastline serves as a tourist destination.
3) Fishing- The coastline is a big opportunity for the Indian fishing industry.
4) Agriculture -The ocean influences monsoon rainfall to Indian, enabling it to profit from agricultural activities.
Answer: (1) $5,290
(2) $3,470
Explanation:
Net Income from Accrual method:
= Served a banquet account - received and paid electricity bill + Received cash meals to customers - Accrued salary expense - Prepaid insurance expired
= $2,810 - $140 + $3,610 - $800 - $190
= $5,290
Net Income from Cash method:
= Received cash meals to customers - received and paid electricity bill
= $3,610 - $140
= $3,470
Answer:
The correct answer is C
Explanation:
JIT termed or stand for the Just in Time Inventory, it is a strategy or the plan of action, which is to increase the efficiency and decrease the waste through receiving the goods only as they are required in the process of the production, thereby decreasing the inventory costs.
So, the costs of the obsolescence, inventory financing and storage supervision could be decreased through the practice of the JIT (Just-in-time inventory).