Answer:
Assets must decrease by 223,750
Explanation:
the total assets turnover is calcualte as follows:
As the new CFO jsut want to reduce assets and not to put the effort to increase sales as it see it less likely It will reduce assets (lower the credit term, lower inventory stocks among other measurements)
our goal is a value of 2.4 with sales of 315,000
Assets = 131.250
currently the assets are 355,000
we need to redue it to 131,250 so we need a decrease in the order of:
355,000 - 131,250 = 223,750
Answer:
$5,000
Explanation:
New total reserve = Existing reserve + Increase in reserve = $20,000 + $5,000 = $25,000
Required reserve still remains at $20,000 because the sale of securities does not change the checkable deposits,
Therefore, we have
Excess reserves = Actual reserve - Required reserve = $25,000 - $20,000 = $5,000
.
Therefore, level of excess reserves the bank now have is $5,000.
Answer:
Stocks is the type of investments that offers both capital gains and interest income.
Answer:
The correct answer is E. respond quickly
Explanation:
Respond quickly is a great strategy to gain customers' fidelity.
A certain bank assigns one unique number to each savings account. The amount of savings in each account depends on how much the owner deposits into the <span>account. The interest paid on each account depends on how much money is in the account. The relation that is not a function is that "</span><span>interest paid, amount in savings account."</span>
