Answer:
$76.856 million
Explanation:
As we know that Balance sheet is divided in two portions.
1. Total Assets (Current Assets + Fixed Assets)
2. Total Liabilities and Share Holders' Equity.
and they both should be equal. So we can write from the above information, as:
Total Assets = Total Liabilities + Total Common Stock + Retained Earnings
N.B. We are excluding Cash from our calculation cause we assume that Cash is already been included in Total Assets.
Hence, by putting the values in above equation we can find our Retained Earnings as:
Retained Earnings + $128.230 million + $6.350 million = $211.436 million
Retained Earnings + $134.58 million = $211.436 million
Retained Earnings = $211.436 million - $134.58 million
Retained Earnings = $76.856 million
Answer:
$367,500
Explanation:
Estimation of the family’s life insurance needs
Using the easy method
Based on the information given we were told that Mark gross salary is $75,000 while is wife
Parveen is a stay-at-home mom this means that we would be using the easy method to estimate the family’s life insurance needs based on Mark gross salary of $75,000 because he is the only one that earn on a monthly basis.
Insurance need =$75,000 x 7 years x 70%
Insurance need = $367,500
Therefore the family’s life insurance needs will be $367,500
Answer:
Canceled checks.
Invoices.
Cash register receipts.
Computer-generated receipts.
Credit memo for a customer refund.
Employee time cards.
Deposit slips.
Purchase orders
Explanation:
That is all i think
9. D) 73.50
8.4%*$875
Move the decimal place to multiply by a percent:
.084*875= $73.50
10. D) $15,917
(100 shares * $44.41/per share)+ (600 shares *$19.08 per share) + (.04* [600+100])
($4,441) + ($11,448)+ ($28)= $15.917
Answer:
the money multiplier = 1 / reserve ratio
in this case, the reserve ratio is 10% (required) + 10% (voluntary) = 20%, so the money multiplier = 1/20% = 5
What is the immediate impact of this transaction on the money supply?
- None, since the money supply doesn't change. When a customer deposits money in a bank, the money does not increase, only its composition changes.
The maximum amount by which this bank will increase its loans from the transaction in part (a)
- the bank will be able to loan ⇒ total deposit x (1 - reserve ratio) = $9,000 x (1 - 20%) = $7,200
The maximum increase in the money supply that will be generated from the transaction in part
- since the banks started to "create" money by lending the money, the money supply will increase by ⇒ total deposit x (money multiplier - 1) = $9,000 x 4 = $36,000
Assume that the government increases spending by $9,000, which is financed by a sale of bonds to the central bank. Indicate what will happen to the money supply.
- The money supply will increase.
Explain what will happen to the money demand.
- The money demand will also increase because aggregate demand and income will increase. Aggregate demand will increase by ⇒ $9,000 x government multiplier. The government multiplier = 1 / MPS.
