A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute

If a bank has a leverage (assets/equity) of 10 and a return on asset of 2%, what is its return on equity

Archy [21]

Answer:

If a bank lends $10 for every $1 of capital reserves it will have a capital leverage ratio of 1/10 = 10% Globally it is required that this ratio is at least 3%, according to the Basel III Basel III Basel III is a regulatory framework designed to strengthen bank capital requirements while also mitigating risk.

Explanation:

hope this helps

8 0

2 years ago

RE- QUESTION:

anastassius [24]

4- your mother buys flour

4 0

4 years ago

AAA's inventory turnover ratio is 20.00 based on sales of $28,400,000. The firm's current ratio equals 4.16 with current liabili

marissa [1.9K]

Answer:

= 17.15 days (approx)

Explanation:

Given:

inventory turnover ratio = 20

Current ratio = 4.16

Current liabilities = $820,000.

Cash and Marketable securities = $657,096

Net sales = $28,400,000

Per day sale = ?

Calculation:

Current ratio = Current assets / current Liabilities

4.16 = Current assets / $820,000

4.16 x $820,000 = Current assets

$3,411,200 = Current assets

Inventory turnover ratio = Net sales / Average Inventory

20 = $28,400,000 / Inventory

$28,400,000 / 20 = Inventory

$1,420,000 = Inventory

Average Receivable = current assets - Cash and Marketable securities -Inventories

= $3,411,200 - $657,096 - $1,420,000

Average Receivable = $1,334,104

Outstanding daily sales = (Average receivables / Net sales )Number of days in a year

= $1,334,104 / $28,400,000)365

= 17.15 days (approx)

4 0

3 years ago

The controller of Fortnight Co. has requested a quick estimate of the manufacturing supplies needed for the Cleveland Plant for

Talja [164]

Answer:

Total cost= $752,060

Explanation:

<u>To calculate the fixed and variable cost under the high-low method, we need to use the following formulas:</u>

<u></u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (853,560 - 723,060) / (540,000 - 450,000)

Variable cost per unit= $1.45

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 853,560 - (1.45*540,000)

Fixed costs= $70,560

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 723,060 - (1.45*450,000)

Fixed costs= $70,560

<u>Now, the total cost for 470,000 units:</u>

<u></u>

Total cost= 70,560 + 1.45*470,000

Total cost= $752,060

7 0

3 years ago

Pretty lady cosmetic products has an average production process time of 40 days. Finished goods are kept on hand for an average

Julli [10]

Based on the sales, cost of goods, and days on average, the average investment of Pretty Lady Cosmetics is:

Average Receivables - $115,068.50.
Average Inventories - $36,986.30.
Average payables - $96,630.14.
Net financing needs - $53,424.66.

<h3>What are the average investments for Pretty Lady Cosmetic Products?</h3><h3 />

The Average Receivables are:

40 days = Average AR ÷ (1,200,000/365)

= $115,068.50

The Average Inventories:

15 days = Average inventory ÷ COGS per day

15 = Average inventory ÷ (900,000 / 365)

= $36,986.30

The Average payables:

40 days = Average payables ÷ COGS per day

40 = Average payables ÷ (900,000 / 365)

Average payables = $98,630.14

Net financing needs:

= Average Inventories + Average Receivables - Average payables

= 115,068.50 + 36,986.30 - 98,630.14

= $53,424.66

Find out more on Average Payment period at brainly.com/question/24178209.

#SPJ1

5 0

2 years ago

A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute​

A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute