Which of the following best describes the term capital rationing? a. a process of controlling operating costs when adequate funds are not available b. a method which shows the effect of an investment on a company's accrualminusbased income c. a method of determining the period within which the cash invested is recouped d. a process of ranking and choosing among alternative capital investments based on the availability of funds

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease

The adjusted trial balance for china tea company at december 31, 2018, is presented below:

Type of deposit reserve requirementcheckable deposits $7.8 - 48.3 million 3%over $48.3 million 10noncheckable personal savings and time deposits 0refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are$1.2 million.