Answer: $25 billion
Explanation:
The increase in cash as a result of a deposit into the banking system, no cash leakages and a required-reserve ratio is:
= Deposit into banking system * Money multiplier
Money multiplier = 1 / Required reserve ratio
= 1 / 20%
= 5
Checkable deposit increase:
= 5 billion * 5
= $25 billion
Assets Liabilities
10,000 8,000
250,000 175,000
8,000
Total Total
268,000 183,000
Fundamental Accounting Equation
Assets - liabilities= Equity
268,000-183,000=
85,000 is net worth
Hope this helps :)
( I'm doing accounting too)
Answer:
ROE : Net Income / Equity : $32 / $92 = 34,8%
Explanation:
To calculate the ROE its necessary to know the Equity of the company which is the difference between the Total Assets and the Total Debt.
Total Assets : $485
Total Debt : $393
Equity : $92
Net Income : $32
ROE : Net Income / Equity : $32 / $92 = 34,8%
The ROE it's a measure that let me know the financial performance of the company, its a good indicator of how efficiently the company it's handling the investor's money.
Answer:
True
Explanation:
The journal entries are the recording of the transactions in which the one account is debited and another account is credited along with the description and the date.
If we take the example.
Rent is paid for cash for $10,000
So, the journal entry would be
Rent expense A/c Dr $10,000
To Cash A/c $10,000
(Being rent is paid for cash is recorded)
So, the given statement is true
Answer:
She need to pay $134 into the annuity each month for the annuity to have a total value of $5000 after 3 years.
Explanation:
Total value of annuity after = $5,000
Interest rate = 2.4% = 0.024 compounded annually
Number of year = 3 years
Future Value of Annuity = P [ ( ( ( 1 + r )^n)-1 ) / r ]
$5,000 = P [ ( ( ( 1 + 0.024/12 )^3x12 )-1 ) / 0.024/12 ]
$5,000 = P [ ( ( ( 1 + 0.002 )^36 )-1 ) / 0.002 ]
$5,000 = P X 37.29
P = $5,000 / 37.29
P = $134.1 = $134