Answer:
the yellow fever outbreak
Explanation:
when yellow fever hit everyone wanted to leave to not get sick so people upped prices because of the shift in the desire to leave making it more valuable so people would spend more then usual because of the worth they get out of it
Answer:<u><em>Excess Reserve = $ 27,000 - $ 22,000 = $ 5,000 </em></u>
Explanation:
Given:
Assets
:
Reserves = $27,000
Loans = $50,000
Securities = $33,000
Property = $200,000
Liabilities and net worth
:
Demand deposits = $110,000
Capital stock = $200,000
First we'll compute required reserve using the following formula:
Excess Reserves (ER) = Total Reserves - Required Reserves
where;
Required Reserves = the Required Reserve Ratio (RR) x DEPOSITS
Required Reserves = 0.20 x $ 110,000 = $ 22,000
∴
<u><em>Excess Reserve = $ 27,000 - $ 22,000 = $ 5,000 </em></u>
Answer:
Cullumber Company
Balance Sheet
As at 2022
Explanation: Amount in $
Current Assets
Accounts Receivable 12,500
Cash 13,000
Prepaid Insurance 6,600
Supplies 4,600
Total Current Assets 36,700
Non-Current Assets
Equipment (225,000-36,900) 188,100
Total Assets <u> </u><u>224,800</u>
Liabilities & Shareholders' Equity
Current Liabilities
Accounts Payable 10,600
Notes Payable 65,000
Salaries Payable 3,900
Total Current Liabilities 79,500
Equity
Common Stocks 97,000
Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700) 64,300
Dividends (16,000)
Total Equity 145,300
Total Liabilities & shareholders' equity <u>224,800</u>
Answer:
Following is attached the solution for each part of the question.
I hope it will help you a lot!
Explanation:
