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maxonik [38]
3 years ago
10

A bank currently has $150 million in "hot money" deposits against which it wants to hold an 80 percent reserve and $90 million i

n vulnerable deposits against which it wants to hold a 30 percent reserve. It also has $45 million in stable deposits against which it wants to hold a 5 percent reserve. Legal reserves for the bank are 5 percent of all deposits. What is the bank's liability liquidity reserve?
Business
1 answer:
Lyrx [107]3 years ago
8 0

Answer:

The right response is "141.7875".

Explanation:

According to the question,

The total reserves held will be:

=  0.8\times 150+0.3\times 90+0.05\times 45

=  120+27+2.25

=  149.25

Deductions will be:

=  5 \ percent \ of \ 149.25

=  0.05\times 149.25

=  7.4625

now,

The bank's liability liquidity reserve will be:

=  Total \ reserves \ held-Deductions

=  149.25-7.4625

=  141.7875

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The Single European Act was put in place in an attempt to Multiple Choice convince Great Britain to remain in the EU. determine
Pani-rosa [81]

Answer:

Remove all impediments to the formation of a single market.

Explanation:

The Single European Act was signed in Luxembourg and the Hague in 1986.

The goal fo the Act was to create a single market by 1992 among the members of the European Community.

A single market is an economic bloc when barriers to the transit of goods and services, and to the transit of the factors of production (labor and capital).

8 0
3 years ago
To be effective as a successful general manager of a hotel, the manager should exhibit all of the following traits except: Group
Masja [62]

Answer: The manager should exhibit all the traits except computer programming skills.

Explanation: A successful general manager or a manager that is striving to be successful will/should possess the following traits:

1. Attention to detail; this is a very important trait and could be the difference between keeping a client and losing one. This is because clients want to feel and be treated specially and uniquely. Therefore an attention to detail will help the manager ensure that each client is treated specifically and differently from the next client.

2. Follow through leadership: this trait is very important in order to maintain cohesion among the team members and subordinates.

3. People skills: this is a very important trait because it is very vital in person-to-person interactions, especially when interacting with hotel guests.

4. Effective delegation: one person cannot perform all the tasks in a hotel, therefore it falls on the general manager to be able to assign roles to individuals that are best suited to perform the tasks. This is a very important trait and will ensure that resources are properly utilized.

Computer programming skills is not a trait requires of a hotel general manager. This is because the role can be assigned to a computer programmer while the general manager faces other tasks that require his/her attention.

8 0
3 years ago
Parole violators account for more than half of prison admissions in many states.
Evgen [1.6K]

This is true Parole violators account for more than half of prison admissions in many states Parole is a popular sentencing option.

8 0
3 years ago
On November 1, 2019, Davis Company issued $30,000, ten-year, 7% bonds for $29,100. The bonds were dated November 1, 2019, and in
Tcecarenko [31]

Answer: A.) $1,095

Explanation:

Bond value = $30,000

Rate = 7%

Period = 10 years

Issue price = $29,100

Bond value × rate :

30,000 × 0.07 = $2100

Semi annually:

$2100 / 2 = $1050

(Bond value - issue price) ÷ (period × 2)

($30,000 - $29,100) / (10 × 2)

$900 ÷ 20 = $45

$1050 + $45 = $1,095

8 0
3 years ago
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below:
olchik [2.2K]

Answer:

Kindly check attached picture

Explanation:

Given the details below

Accounts Debit Credit

Cash $16,000

Accounts receivable 162,000

Prepaid rent 10,000

Supplies 31,000

Equipment 370,000

Accumulated depreciation $129,000

Accounts payable 11,000

Salaries payable 3,500

Interest payable 1,900

Notes payable (due in two years) 37,000

Common stock 210,000

Retained earnings 176,100

Dividends 27,000

Service revenue 360,000

Salaries expense 150,000

Advertising expense 75,000

Rent expense 18,000

Depreciation expense 32,000

Interest expense 2,500

Utilities expense 35,000

Totals $928,500 $928,500

Prepare an income statement for China Tea Company for the year ended December 31, 2021

Kindly check attached picture

8 0
2 years ago
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