In the following bank balance sheet, amounts are in millions of dollars. the required reserve ratio is 5% on the first $30 million of checkable deposits and 11% on any checkable deposits over $30 million. assets liabilities reserves $18.9 checkable deposits $180.0 loans $150 net worth $20.0 securities $31.1 total $200 total $200 a. calculate the bank's excess reserves. excess reserves are $ nothing million. (enter your response rounded to one decimal place.)

Which of the following statements is true about financial planning

You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.