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2 years ago

Answer the question on the basis of the following table for a commercial bank or thrift:

1 answer:

6 0

If the legal reserve ratio falls from 25 percent to 10 percent, excess reserves of this single bank will rise by $6,000 and the monetary multiplier will increase from 4 to 10. The correct answer is D.

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An investor that owns between ___ and ___ percent of the voting stock of an investee is assumed to have significant influence ov

Alexeev081 [22]

An investor is considered to have substantial influence over an investee if they possess between 20% and 50% of the voting shares.

Equity accounting is used to record and account for equity investments made by a firm when it holds 20% or less of the voting shares of another company.

According to the number of shares it owns in the investee company, the investor records the investee's earnings in its accounts.

In other words, the initial investment grows in proportion to the earnings earned.

The investee is a subsidiary of the investor since it has the power to control influence if it holds more than 50% of the voting shares.

Find out more about voting stock

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4 0

1 year ago

The petty cash fund of the Brooks Agency is established at $150. At the end of the current period, the fund contained $28 and ha

Digiron [165]

Answer:

(a) Debit Petty cash account for $150; and Credit Bank for $150.

(b) Debit Petty cash account for $122; and Credit Bank for $122.

The correct options are:

a. Fund amount is being reduced.

c. Fund is being eliminated.

Explanation:

(a) Prepare journal entries to record establishment of the fund.

The journal entry will look as follows:

Details Debit ($) Credit ($)

Petty cash account 150

Bank 150

(To record petty cash fund establishment.)

(b) Prepare journal entries to record reimbursement of the fund at the end of the current period.

Since the fund contained $28 at the end of the current period, we have:

Amount to reimburse = entertainment + postage + printing = $70 + $30 + $22 = $122

The journal entry will now look as follows:

Details Debit ($) Credit ($)

Petty cash account 122

Bank 122

(To record petty cash fund reimbursement.)

c. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry.

The correct options are:

a. Fund amount is being reduced.

c. Fund is being eliminated.

This is because they both in indicate outflows from the petty cash fund.

5 0

2 years ago

What advantage is there for a company to offer products at prices below actual market value? Multiple choice question. It maximi

sleet_krkn [62]

Answer: Customers are more likely to try the product because they are not risking as much money.

Explanation:

Many market have competition, despite customers want the best for their money, they still want the best various prices especially that which is a bit lower, so they know they are not spending much but also getting the best. Some organization would want to sail their market either when entering the market or when they are experiencing a low sales, they now consider reducing the price of their items, in this case, customers would consider them because they are not spending much money

4 0

2 years ago

Which four of the following are examples of peripheral devices?

Paha777 [63]

Answer:

Keyboard

Headset

Printer

Joystick

Yw :))

4 0

1 year ago

In which paradigm, should special emphasis be placed on the selection of the items to be included in the last increment?

Ratling [72]

The three main types/models of paradigm are:
1- waterfall paradigm
2- Incremental paradigm
3- spiral model

In the incremental paradigm, special emphasis should be placed on the selection of the items to be included in the last increment.
The incremental paradigm is based on the idea of developing separate pieces of software, then integrating these pieces together.

5 0

2 years ago