Which of these methods will remove a custom tab stop?

Suppose you deposit $800800 cash into your checking account. By how much will checking deposits in the banking system increase

Marina CMI [18]

Answer:

Change in checking deposit is $18,20,000

Explanation:

Checking account is the kind or form of deposit account that is held at a institution and it allows the deposits as well as withdrawals.

The change in the checking deposit is computed as:

Change in Checking deposit = Deposit amount / Required reserve ratio

where

Demand deposit is $800,800

Required reserve ratio is 0.440

Putting the values above:

Change in checking deposit = $800,800 / 0.440

Change in checking deposit = $18,20,000

8 0

3 years ago

The accounting records of Baddour Company provided the data below.

Tom [10]

Answer:

Net cash flow from operating activities $1,700

Explanation:

The preparation of the reconciliation of net income to net cash flows from operating activities is shown below:

Net loss -$5,000

Add: Depreciation expense 6,000

Add: Increase in salaries payable 500

Add: Decrease in accounts receivable 2,000

Less; Increase in inventory 2,300

Add; Amortization of patent 300

Add; Reduction in discount on bonds 200

Net cash flow from operating activities $1,700

5 0

3 years ago

An appliance manufacturer gives a warranty, and 95 percent of its appliances do not require repair before the warranty expires.

pentagon [3]

Answer:

An appliance manufacturer gives a warranty, and 95 percent of its appliances do not require repair before the warranty expires. An organization buys 10 of these appliances. The interval that contains 95.44 percent of all the appliances that will not require repair is (8.12, 10.88)

Explanation:

Here we can calculate the confidence interval for a proportion of 0.95 and a sample size of 10. Note that the critical value for 95.44% confidence is 1.9991.

Between 81.22% and 108.78% of 10 units is 8.12 and 10.88 units. Therefore the confidence interval is:(8.12, 10.88).

4 0

4 years ago

Will the right to the child help in the development of the children explain with example

Nesterboy [21]

Answer: Yes, the rights of the child can help them in their development.

Explanation: Organizations such as UNICEF explain that children have a series of rights that are essential for them to have a healthy development and to become good adults. Children have the right to a family structure and to be cared for, since when they are young there are many things that they cannot do for themselves and they need others to achieve it. An example of this would be that children must be sent to school by their parents. Children have the right to an education.

4 0

3 years ago

Milden Company is a merchandiser that plans to sell 43,000 units during the next quarter at a selling price of $60 per unit. The

netineya [11]

Answer:

1. Contribution format income statement for the next quarter.

Sales (43,000 units × $60 ) $2,580,000

Less Variable Costs

Cost of Goods Sold ( 43,000 units × $31 ) ($1,333,000)

Sales commissions (6% × 43,000 units × $60) ($154,800)

Shipping expense ( $4.00 × 43,000 units) ($172,000)

Contribution $920,000

Less Fixed Costs

Advertising expense $187,000

Shipping expense $45,000

Administrative salaries $97,000

Insurance expense $10,700

Depreciation expense $67,000 ($406,700)

Net Income/ (Loss) $513,300

2. Traditional format income statement for the next quarter.

Sales (43,000 units × $60 ) $2,580,000

Less Cost of Goods Sold ( 43,000 units × $31 ) ($1,333,000)

Gross Profit $1,247,000

Less Expenses

Advertising expense $187,000

Shipping Expense :

Variable Shipping expense $172,000

Fixed Shipping expense $45,000

Administrative salaries $97,000

Insurance expense $10,700

Sales commissions $154,800

Depreciation expense $67,000 ($733,500)

Net Profit / (Loss) $513,500

Explanation:

The contribution format income statement shows the Contribution instead of Gross Profit. Contribution is calculated as Sales less all Variable Costs.

The traditional format income statement shows the Gross Profit instead of Contribution. Gross Profit is calculated as Sales less Cost of Goods Sold.

5 0

3 years ago