Answer:
1 Nov 2021 Cash $80.8 million Dr
Notes Payable $80.8 million Cr
Explanation:
The note issued by Ontario will be against the amount borrowed by Ontario. The borrowing will result in Ontario receiving cash. The receipt of cash will increase the amount of cash which is a asset and it will be debited by the amount of cash received.
The note issued by Ontario is a liability for Ontario. An increase in liability will be recorded by a credit to notes payable account by the amount of the cash received by Ontario. It carries interest that will be recorded at the year end adjusting entry for the period that relates to this year. The remaining interest will be recorded when the note matures and the total amount of interest on note will be paid along with the principal at maturity.
Answer:
$200
Explanation:
Reserve ratio is the percentage of a deposit that a bank is supposed to withhold as reserves forming part of deposit that banks make into federal reserve.
It plays a major role in deciding the amount of money available to be lent and supply of money.
<u>Workings</u>
Reserve ratio - 20%
On a deposit of $1000, The reserve is 20% * 1000 =$200
Assuming no excess reserve , the limit on the deposit is $800
The reserve = $200
Therefore , if $600 is lent , the bank can further lend ($800-$600)
$200
Statistical investigation is the scientific method of gathering information, investigating and drawing conclusion on a problem in order answer some interesting questions.
A statistical investigation involves 5 stages:
- Problem stage is about deciding a statistical question and what, where, why to collect the data.
- Plan stage is when decision are made on how the data will be gathered.
- Data stage is when the collected data is managed and well-organised.
- Analysis stage is when the organized data is been analyzed using a choice of analytical tools.
- Conclusion stage is when the analyzed data are used to answer question in the problem drawn stage as well as drawing conclusion
Learn more about Statistical investigation here
<em>brainly.com/question/908858</em>
Answer:
$5,288,000
Explanation:
Calculation to determine the levered value of the equity
First step is to determine the VL
VL = (320,000 × $19) + (.34 × $1,200,000)
VL= $6,488,000
Now let calculate levered value of the equity
VE = $6,488,000 - 1,200,000
VE= $5,288,000
Therefore the levered value of the equity is $5,288,000