The bank’s excess reserves are $6 million.
The required reserve ratio is 8%. It means that banks should keep 8% in their deposits as required reserves. The bank has a deposit of $50 million. It means it has to maintain only $4 million(50×0.08 )i.e 8% of 50 million, as a required reserve. Excess reserves are the reserve, over and above required reserves. If overall reserves are 10 million and required reserves are only 4 million then excess reserve =6 million (10 -4)
The reserve ratio is the portion of reservable liabilities that business banks must keep onto, rather than lend out or invest. this is a requirement decided with the aid of the country's primary bank, which in America is the Federal Reserve. it is also known as the cash reserve ratio.
A reserve assets ratio for a bank which units the minimal liquid reserves that a bank ought to hold in the event of a sudden boom in withdrawals. A high reserve property ratio may limit the lending that a bank is able to do – it must maintain better amounts of cash.
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Answer: $27000
Explanation:
The amount of goodwill impairment on December 31, 2020 will be:
Amount if goodwill = Net book value - Fair value
= $792,000 - $765,000.
= $27000
Therefore, the amount of Goodwill is $27000
The thing which the Supreme Court ruled in <em>Burwell v. Hobby Lobby </em>with regard to the Affordable Care Act's requirement was:
- Birth control could be denied
<h3>What is a Court Ruling?</h3>
This refers to the general decision which a competent law court has taken after deliberations of the evidence, witnesses and other available information of a case to the best determination of the judge.
With this in mind, we can see that from the Burwell v. Hobby Lobby case, there was a ruling against birth control access which meant that birth control could be denied to employees and this was with regard to the Affordable Care Act's requirement.
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Answer:
Cash paid 168,000
Explanation:
Assuming that there were no inventory at start of the year
purchases during the year :
Sold = 155
Closing inventory = 21
Total purchase (155+21) = 176
Cash paid for merchandise = total purchase - increase in liability
Cash paid = 176-8 = 168
Answer:
Base Operating Supply System
Explanation:
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