An organization that transforms resources into an intangible output that is available when and where customers want it is a

What does a fractional reserve banking system mean?

Roman55 [17]

Fractional reserve banking is the practice where a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.

3 0

3 years ago

Read 2 more answers

On January 1, 2021, for $17.9 million, Seashells Company issued 8% bonds, dated January 1, 2021, with a face amount of $19.9 mil

bearhunter [10]

Answer:

Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

Explanation:

According to the scenario, computation of the given data are as follows,

Face value = $19.9 million

Issued bond rate = 8% annually or 4% semi annual

So, Cash = $19,900,000 × 4%

= $796,000

Issued bonds value = $17.9 million

Market yield = 10% annual or 5% semi annual

So, Interest revenue = $17,900,000 × 5%

= $895,000

So, Journal entries are as follows,

Jun.30,2021 Cash A/c Dr. $796,000

Discount A/c Dr. $99,000

To, Interest Revenue 895,000

(Being interest revenue on June30 is recorded)

5 0

3 years ago

How are goods produced? Determines:a) who receives the goods that are produced. b) how tastes and preferences are determined. c)

kvasek [131]

Answer:

c) how resources are combined in the production of goods.

Explanation:

In order to meet the unending needs and wants of consumers, to satisfactorily provide products that meets their requirements, tastes or preferences various manufacturing companies use five (5) main methods of production, and these are; labour-intensive production, mass production, batch production, capital-intensive production and job production.

Generally in Economics, the question of how goods are produced, determines how resources are combined in the production of goods.

This ultimately implies that, before a manufacturer produce its goods it determines the amount of resources that are available. These resources that are to be combined for the purpose of production of goods are <em>entrepreneur, land, labor, and capital</em>, which are generally referred to as the four (4) factors of production.

4 0

3 years ago

a common mistake that team leaders and supervisors make is to talk too little during the first team meetings.

asambeis [7]

Talking too little in the first team sessions is a common error made by managers and team leaders.
Everyone makes mistakes, but managers and leaders are more likely than others to do so. These include misinterpreting your role, providing poor feedback, being very "hands-off," and inadequate delegation.

It is true that committing a mistake might provide an opportunity for learning. However, taking the effort to understand how to spot and avoid frequent errors will help you become successful and productive while also earning the respect of your team.

Which seven traits must leaders avoid in order to be successful?

7 Characteristics No Leader Should Possess

The propensity for micromanagement.
Absence of excitement or optimism.
Opposition to novel concepts.
Make use of fear as a motivator.
Failure to appreciate work well done.
They don't express their expectations in a clear manner.
Emotional intelligence is lacking.

To learn more about Team Leader, visit:

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6 0

2 years ago

You are scheduled to receive a $500 cash flow in one year, a $1,000 cash flow in two years, and pay an $800 payment in three yea

Sunny_sXe [5.5K]

Answer:

present value = $9320.06

Explanation:

given data

cash flow 1 year C1 = $500

cash flow 2 year C2 = $1000

pay 3 year C3 = $800

interest rates r = 10 percent per year = 0.10

solution

we get here present value that is

present value = $\frac{C1}{(1+r)} +\frac{C2}{(1+r)^2} +\frac{C3}{(1+r)^3}$ ....................1

put here value and we will get

present value = $\frac{500}{(1+0.10)} +\frac{10000}{(1+0.10)^2} +\frac{800}{(1+0.10)^3}$

present value = $9320.06

7 0

3 years ago