A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 percent. How big are the bank’s excess reserves? LO33.2a.$100 million.b.$88 million.c.$12 million.d.$2 million.
Answers
Checkable deposit = $100 million
actual reserves = $12 million
required reserve ratio = 10%
100 million * 10% = 10 million
10 million - 12 million = 2 million excess reserves
D.) $2 million is the bank's excess reserves
Related Questions
You won a free ticket to see an Eric Clapton concert (which has no resale value). Bob Dylan is performing on the same night and is your most attractive alternative. Tickets to see Dylan cost $50. On any given day, you would be willing to pay up to $70 to be at a Bob Dylan concert. Assume there are no other costs of seeing either performer. What is the opportunity cost of seeing Eric Clapton?
List three nondurable goods that you use on a regular basis
Which advertising term refers to a short memorable phrase used to highlight the utility and “personality” of a person or thing?a. endorsement b. incentive c. sponsorship d. slogan
An example of a brick and mortar store is? a. Ebay c. Craiglist b. Walmart d. Online Website
Answers
In general, a well-organized arrangement of shoes is necessary to demonstrate the store's strengths. There should be some sort of theme--a color, a season, or a style--that appeals to the buyer. Any discounts should be conveyed through a large sign in the background ("15% off all Nike") to further give the buyer a reason to walk in. The display should not be so "busy" as to confuse the buyer, but should not be too "desolate" as to fail to catch the buyer's eye. Also, the stores name and logo should be clearly visible--people like to know who they are buying from.
Now, to the part that depends on your audience.
If you are trying to sell shoes to 7 year old girls, colors and sparkles are helpful.
If you are trying to sell shoes to middle aged businessmen, the display should have a clean-cut, black-and-white aesthetic.
If you are trying to sell shoes to rich, young women, the display should have a sophisticated vibe.
And that is my opinion of the perfect shoe store front! Now I sorta want to open a shoe store...
Hope this helped!
Answers
Subheadings direct the reader to keep reading or scan the content. they are meant to entertain, add shock, or captivate readers so they want to know more.
What is Subheading?
A subheading is a smaller headline or block of text that appears beneath the main headline to provide context or support.
Subheadings also assist in dividing the text into manageable portions. They provide the reader with a preview of what to anticipate in each paragraph or section of the chapter. Before reading the text that follows, we can prepare our minds by looking at the headline or subheading.
A subheading is an effective tool for readers to draw attention to full text or help them find your most important points.
Therefore, Subheadings direct the reader to keep reading or scan the content.
Learn more about Subheading, here;
#SPJ2
Answer:
The main purpose of sub headings is to inform the reader about the information which the following paragraph will contain, it gives the reader a brief overview of the text.
Explanation:
The main purpose of sub headings is to inform the reader about the information which the following paragraph will contain, it gives the reader a brief overview of the text.
Answers
Answer:
1. Age group = A
Amount of Accounts Receivable = B
Estimated % uncollectible = C
Estimated Amount Uncollectible = D
A B C D(B*C)
Not yet due $270,000 5% $13,500
1-45 days $37,500 10% $3,750
Over 45 days $15,000 15% $2,250
Estimated amount required in Allowance $19,500
for Doubtful Debts (Credit Balance)
Current Balance in Allowance for $67,500
Doubtful Debts (Debit Balance)
Required charge to Bad debts Expense $87,000
for the year
Thus, the Estimated 12/31/2021 balance for Dhaliwal’s allowance for uncollectible accounts (Credit Balance).
2. Journal Entry
Date Accounts and Explanation Debit Credit
Dec. 31 Bad debts Expense $87,000
Allowance for doubtful accounts $87,000
(To record the estimated bad debts)
planned . . . traditional
B.
market . . . planned
C.
market . . . traditional
D.
planned . . . command
Answers
A mixed economy has strong elements of both "market" and "planned" economies.
Mixed economy alludes to the financial framework where the monetary exercises are coordinated by both private and the administration. At the end of the day, it is the market economy which is controlled by the legislature or the state. Mixed economy reflects attributes of both market and planned economy. At present, most genuine economies are mixed economy.
Most mixed economies hold attributes of a conventional economy, however those customs don't control how the economy capacities.
Answers
A. a market system
B. a planned system
C. a mixed system
D. none of the above
I think the correct answer is option B. Cecelia's government can be considered a planned system. It is an economic system in which inputs are based on direct allocation. Hope this answers the question. Have a nice day.
debit Rent Revenue and credit Unearned Rent Revenue, $24,000.
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
debit Cash and credit Unearned Rent Revenue, $24,000
Answers
Answer:
debit Unearned Rent Revenue and credit Rent Revenue, $12,000.
Explanation:
Provided information we have,
Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.
Entry on that date would be
Cash A/c Dr. $36,000
To Unearned Rent $36,000
At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.
Thus rent income for the year = $36,000 = $12,000
Therefore this rent of $12,000 will be recognized as rent income for the year 2017.
Entry will be
Unearned Rent A/c Dr. $12,000
To Rent Revenue $12,000
Final answer:
At the end of the year, Pappy Corporation should debit Unearned Rent Revenue and credit Rent Revenue by $12,000 as part of an adjusting entry to reflect 4 months of earned rent. The remainder stays in Unearned Rent until it's earned in the following year.
Explanation:
The transaction from September 1, 2017, where Pappy Corporation received cash of $36,000 for one full year's rent in advance, is recorded with a credit to Unearned Rent. The Unearned Rent is a liability account which shows that Pappy Corporation has an obligation to provide the rent space in the future. At the end of the year, December 31, 2017, an adjusting entry should be made to transfer a third of the rent payment ($12,000) from the Unearned Rent account to the Rent Revenue account as by this time four months of rent have been earned. Hence, the accurate adjusting entry is debit Unearned Rent Revenue and credit Rent Revenue, $12,000. The remaining $24,000 stays in the Unearned Rent account until it is earned in the following year.
Learn more about Accounting for Unearned Revenue here:
#SPJ3