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4 years ago

Use the information presented in Northeastern Mutual Bank's balance sheet to answer the following questions.

Business

1 answer:

Nana76 [90]4 years ago

4 0

Answer:

The explanation is given as follows.

Explanation:

Task 1:

The higher the percentage of assets a bank holds as loans, the higher the capital requirement.

When the owners of the bank borrow $100 to supplement their existing reserves , both reserves and debt increase by $100 , therefore increase in debt as in any balance sheet , the total value of accounts on the left hand should be equal to the right hand , so when there is increase in reserves , there will be increase in debt.

Task 2:

It specifies a minimum leverage ratio for all banks

leverage ratio initially = total assets / capital = 1750 / 125 = 14

leverage ratio new value = total assets / capital = 1850 / 125 = 14.8 ( the assets increase by $100 with increase in reserves)

Task 3

Its intended goal is to protect the interests of those who hold equity in the bank.

Capital requirement are there to ensure that bank have enough capital to repay the depositors and debtors and if a bank holds a higher percent of risky assets , capital requirements will be higher so that the bank remains solvent hence option a is right answer.

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Which of the following is true of resumes?

N76 [4]

Answer:

Hello! Your answer would be, BELOW

Explanation:

Job objective should be listed last

Use action words when describing your experience.

These are the statements that are true about resumes. Resumes should include job objectives. However, these should be listed at the end of the resume. A second thing to remember when drafting a resume is that it is important to use action words to describe your experiences. This is because the statements become more interesting, and because this structure will highlight the role that you played in each instance.

Hope I helped! Brainiest plz! Hope you make an 100% and have a wonderful day! -Amelia♥

5 0

3 years ago

what is your understanding of equal opportunities for girls and how you think we all are working towards achieving it ?

IRINA_888 [86]

Explanation:

I will work and raise a foundation to help to all those in need with a non profit organization

3 0

3 years ago

Eclipse Motor Company manufactures two types of specialty electric motors, a commercial motor and a residential motor, through t

stiv31 [10]

Answer:

A. Commercial 540

Residential 360

B. Commercial 585

Residential 390

Explanation:

a) Calculation to Determine the per-unit factory overhead allocated to the commercial and residential motors .

First step is to calculate the Plantwide overhead rate using this formula

Plantwide overhead rate =Estimated overhead /Esimated machine hours

Let plug in the formula

Plantwide overhead rate = 1080000/9000

Plantwide overhead rate = $ 120 per MH

Now let Determine the per-unit factory overhead allocated to the commercial and residential motors

Using this formula

Per -unit factory overhead allocated=Actual MH per unit *Plantwide overhead rate

Let plug in the formula

Per -unit factory overhead allocated to COMMERCIAL=4.5 dmh*120

Per -unit factory overhead allocated to COMMERCIAL=540

Per -unit factory overhead allocated to RESIDENTIAL=3.0 dmh*120

Per -unit factory overhead allocated to RESIDENTIAL=360

Therefore the per-unit factory overhead allocated to the commercial and residential motors under the single plantwide factory overhead rate method will be:

Commercial 540

Residential 360

b. Calculation to Determine the per-unit factory overhead allocated to the commercial and residential motors

First step is to calculate the Departmental overhead rate

ASSEMBLY TESTING

Estimated overhead 280,000 800,000

÷Estimated machine hours each department 4,000 5,000

=Departmental overhead rate 70 160

Now calculation the per-unit factory overhead allocated to the commercial and residential motors

COMMERCIAL RESIDENTIAL

Assembly 1.5 dmh*70=105 1.0 dmh*70=70

Testing 3.0*160= 480 2.0*160= 320

Per -unit factory overhead allocated 585 390

(105+480=585)

(70+320=390)

Therefore the per-unit factory overhead allocated to the commercial and residential motors under the multiple production department factory overhead rate method will be:

Commercial 585

Residential 390

5 0

3 years ago

Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on July 31. The customer picks up

mel-nik [20]

Answer:

a. July 31

Explanation:

According to the revenue recognition principle, the revenue is recorded when the revenue is realized or earned not when the cash is received. There is no effect on cash receipt in this principle

Whether cash is received or not, the revenue is recognized when the service is provided to a customer

According to the given scenario, the service is performed so it is on July 31

8 0

3 years ago

Data collected from the economy of Pokerville reveals that a 16% increase in income leads to the following changes:

inessss [21]

Answer:

Horses - 0.75 - normal

Clubs- 0.875 - inferior

Diamonds - 1.75 - normal

Diamond is a luxury good

Explanation:

Income elasticity of demand measures the responsiveness of quantity demanded to changes in income of the consumer.

Income elasticity of demand = percentage change in demand / percentage change in income

Income elascitiy for horses = 12% / 16% =

Income elasticity of demand for spades = 14% / 16% = 0.875

Income elasticity of demand for diamonds 28% / 16% = 1.75

A normal good is a whose demand increases when income increases and falls when income falls.

An inferior good is a good whose demand increases when income falls and whose demand falls when income increases.

Horses and diamonds are normal goods because the demand for the goods increases with income while clubs are inferior goods because the demand for the goods falls when income rises.

A luxury good is a good whose demand rises more than the rise in income. The demands for diamonds increase more than the increase in income, so diamonds are luxury goods.

I hope my answer helps you

4 0

3 years ago