Business, 26.11.2019 04:31 janiewalker17

Suppose that the banking system currently has no excess reserves and that a bank receives a deposit into a checking account of $10,000 in currency. if the required reserve ratio is 0.20, what is the maximum amount that the banking system can lend out?

a. $8,000
b. $10,000
c. $40,000
d. $50,000

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 22:40

Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?

Answers: 1

Answer

Business, 23.06.2019 00:00

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.

Answers: 1

Answer

Business, 23.06.2019 12:40

Acompany finances the purchase of equipment with a $500,000 5-year note payable. the note has an interest rate of 12% and a monthly payment of $11,122. after two payments have been made, what amount should the company report as the note payable balance in its december 31 balance sheet?

Answers: 2

Answer

Business, 23.06.2019 14:00

In some markets, the government regulates the price of utilities so that they are not priced out of range of peoples ability to pay. this is a example a/an

Answers: 2

Answer

You know the right answer?

Suppose that the banking system currently has no excess reserves and that a bank receives a deposit...

Questions