Let’s suppose that a bank has $600 million in total deposits. this bank is subject to a 20% required reserve ratio and has $100 million in reserves. which of the following statements is correct?
choose one:
a. the bank has insufficient reserves. it needs an additional $20 million to meet the reserve requirement.
b. the bank has no excess reserves.
c. the bank has insufficient reserves. it needs an additional $480 million to meet the reserve requirement.
d. the bank has $20 million in excess reserves.
e. the bank has $100 million in excess reserves.

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of