1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Blizzard [7]
3 years ago
7

A bank loans Kellie's Print Shop $350,000 to remodel a building near campus to use as a new store. On their respective balance s

heets, this loan is
Business
1 answer:
erma4kov [3.2K]3 years ago
8 0

Answer: b. an asset for the bank and a liability for Kellie's Print Shop. The loan does not increase the money supply.

Explanation:

Banks make money by loaning out money to people and companies. This means that loans are an asset to banks because it enables them to generate cash.

Kellie's Print Shop will have to pay back to loan however which means that it is a liability to them because they owe the bank.

This loan will not increase the money supply because if not explicitly stated that it does, we assume that the loan was made from bank deposits by other bank customers which means that it is already part of the money supply.

You might be interested in
​Rachel's Beach Shoppe charges tourists to use their credit cards to purchase merchandise at the vacation store. On​ Monday, Rac
olga2289 [7]

Answer:

$1,479

Explanation:

For computing the total deposit, first we have to determine the bank charges which is shown below:

= Merchandise sold × bank charges rate

= $1,500 × 1.4%

= 21

Now the total amount deposited would be

= Merchandise sold - bank charges

= $1,500 - $21

= $1,479

Simply we deduct the bank charges from the Merchandise sold so that the correct amount can come.

5 0
3 years ago
________ development is a joint approach among those who seek economic growth with "wise resource management, equitable distribu
Mnenie [13.5K]

Answer:

<u>Sustainable</u>

Explanation:

Sustainable development in simple terms refers to the development which can be sustained or carried forward for a long period of time.

It refers to satisfying and meeting the needs of the current generation without jeopardizing the needs and resource availability for the future generations.

Economic development refers to the rise in per capita income while sustainable development incorporates economic as well as human development.

Such development aims at judicious usage of resources , equitable distribution of resources and reduction in wastage.

7 0
3 years ago
Anderson Corp. began the period with $200 of supplies. During the period, $500 of supplies were purchased. At the end of the per
IgorLugansk [536]

Answer:Amount of supplies used =$400

Explanation:

Beginning balance of supplies   $200

Supplies purchased                     $500

Ending supplies balance on hand    $300

Amount of supplies used = Beginning balance of supplies + Supplies purchased  - Ending supplies balance on hand

= $200 +$500 - $300

= $400 is amount of the adjusting entry to record the amount of supplies used in Anderson Corp.

7 0
3 years ago
Consider the market for running shoes. draw a​ firm's average total cost curve with no advertising. label it atc0. draw the​ fir
Anarel [89]

I believe it’s b..... hope this helps pls tell me if I’m wrong! <3

7 0
3 years ago
The balance sheet of Subsidiary shows assets of $86,400 and liabilities of $15,000. The fair value of the assets is $90,000 and
Andrews [41]

Answer:

b. $20,000

Explanation:

Goodwill = Investment in Subsidiary - (Asset With book value - Liability with book value) - (Fair value of Asset - Book value of Asset)

Goodwill = $95,000 - ($86,400 - $15,000) - ($90,000 - $86,400)

Goodwill = $95,000 - $71,400 - $3,600

Goodwill = $20,000

So, parent should record goodwill on this purchase of $20,000

8 0
3 years ago
Other questions:
  • The "inverse dependency ratio" is defined as the ratio of
    6·1 answer
  • According to the video, what are some things that Human Resources Managers do? Check all that apply
    8·1 answer
  • Nicole knows her restaurant is understaffed today. She is hoping to get through the day without falling below her customers' ___
    6·1 answer
  • What activities is a recent trend that may demonstrate employees taking responsibility for their own careers?
    11·1 answer
  • As the chief of strategy for Paradigm Software, Bill Fence has decided the risks of software piracy in Indonesia are too high to
    6·1 answer
  • How much miles can a BMW go
    7·2 answers
  • Evaluation of the amount of costs incurred should be based on the actual volume of activity rather than the planned volume of ac
    5·1 answer
  • Wallen Corporation is considering eliminating a department that has an annual contribution margin of $80,000 and $160,000 in ann
    6·1 answer
  • We opened the doors to Data Driven Donuts last year. What type of analysis tells us how we performed the first year?
    6·1 answer
  • Which herbs are useful from cosmetic point of view ? also name the products made from them<br>​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!