Suppose Joe changes his $1,000 demand deposit from Bank A to Bank B. If the reserve requirement is 10 percent, what is the potential change in demand deposits as a result of Joe's action? a. $9,000 b. $10,000 c. 50 d. $1,000
Answers
If Joe changes his $1,000 demand deposit from Bank A to Bank B, the potential change in demand deposits resulting from this action can be determined by considering the reserve requirement.
The reserve requirement is the percentage of deposits that banks are required to hold as reserves. In this case, if the reserve requirement is 10 percent, it means that banks must hold 10 percent of deposits as reserves and can lend out the remaining 90 percent.
When Joe transfers his $1,000 demand deposit from Bank A to Bank B, the potential change in demand deposits depends on whether Bank B holds any excess reserves. If Bank B holds excess reserves, it can lend out a portion of Joe's deposit, leading to a potential increase in demand deposits.
However, without information about Bank B's reserve position or excess reserves, we cannot determine the exact potential change in demand deposits resulting from Joe's action. Therefore, the answer is not provided among the options given.
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Related Questions
Define: Corporation, Sole Proprietorship, Limited Liability Corporation, Limited Liability Partnership.
Give a few pros and cons to each as well. Lastly, which one would you choose if you were to start a business and why in paragraph form?
Answers
The Pros of Corporation includes:
limited personal liabilityeasy transfer of ownershipThe Cons of Corporation includes:
time-consumingsubject to double taxation, as well aThe Pros of Sole Proprietorship includes:
Complete controlFlexibility to run the business as you see fitThe Cons of Sole Proprietorship includes:
No liability protection.Harder to get financingThe Pros of Limited Liability Corporation includes:
Protection from some liability if the company runs into legal issues or debts.The Cons of Limited Liability Corporation includes:
Ownership is spread across its membersThe Pros of Limited Liability Partnership includes:
Its protects the member's personal assets from the liabilities of the businessThe cons of Limited Liability Partnership includes:
Ownership is spread across Partners.What is a Corporation?This refers to a large company or group of companies authorized to act as a single entity and recognized as such in law.
What is a Sole Proprietorship?This is an enterprise owned and run by one person where there is no legal distinction between the owner and business entity.
What is a Limited Liability Corporation?This is a business structure that protects its owners from personal responsibility for its debts or liabilities.
What is a Limited Liability Partnership?This allow for a partnership structure where each partner's liabilities are limited to the amount they put into the business
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Tyler's net income is approximately $40,000 annually. He has borrowed
$400,000 from the bank to buy a house (mortgage) and must pay 3% interest
each year. What is the cost of borrowing the money?*
Answers
Answer:
$400000 is the correct answer
Machinery was purchased for $380000 on january 1, 2022. freight charges amounted to $16000 and there was a cost of $38000 for building a foundation and installing the machinery. it is estimated that the machinery will have a $60000 salvage value at the end of its 5-year useful life. what is the amount of accumulated depreciation at december 31, 2023 if the straight-line method of depreciation is used?
Answers
To calculate the accumulated depreciation of the machinery using the straight-line method, we first need to determine the depreciable cost. The depreciable cost is the cost of the machinery minus its salvage value, which is $380,000 - $60,000 = $320,000.
Next, we need to determine the annual depreciation expense. To do this, we divide the depreciable cost by the useful life of the machinery, which is 5 years. This gives us an annual depreciation expense of $320,000 / 5 = $64,000.
Since the machinery was purchased on January 1, 2022, it was used for only one year in 2022. Therefore, the accumulated depreciation at December 31, 2022, would be the annual depreciation expense of $64,000.
Moving on to December 31, 2023, the machinery would have been used for 2 years. Therefore, the accumulated depreciation at December 31, 2023, would be 2 times the annual depreciation expense of $64,000, which is $128,000.
So, the amount of accumulated depreciation at December 31, 2023, if the straight-line method of depreciation is used, would be $128,000.
In conclusion, the accumulated depreciation at December 31, 2023, for the machinery purchased for $380,000 on January 1, 2022, would be $128,000 using the straight-line method of depreciation.
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
Answers
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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When selecting portable electric tools to make curved cuts in thicker (heavier) material, a ____ saw is a better choice than a ____ saw.
Answers
When selecting portable electric tools to make curved cuts in thicker (heavier) material, a jigsaw is a better choice than a circular saw.
A jigsaw is designed for intricate cuts, such as curves, while a circular saw is better suited for straight cuts in thicker material. Jigsaws have a reciprocating blade that moves up and down, allowing for more control and precision when making cuts. They also have a smaller blade, which makes it easier to navigate around curves and tight corners.
On the other hand, a circular saw has a large, circular blade that is better suited for making long, straight cuts through thick material. While both tools have their strengths, a jigsaw would be the better choice for making curved cuts in thicker materials, such as plywood or hardwood.
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a business asks a court to interpret the way in which a newly enacted shoplifter detention statute will be applied if the business, at some future point, detains a suspected shoplifter. the court may:
Answers
The court may issue a declaratory judgment, which is a legal determination of a court that resolves legal uncertainty for the parties.
A declaratory judgment is often used in situations where a party is seeking a judicial determination of the rights or obligations under a contract, statute, or regulation before an actual controversy has arisen. In the case of a business asking a court to interpret the way in which a newly enacted shoplifter detention statute will be applied, the court may issue a declaratory judgment that outlines the rights and obligations of the business under the statute. This will provide clarity for the business and help to prevent future legal disputes.
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what can you say about the price of phones nowadays? as a student are they worth their prices? why?
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A minimum wage that is set below a market's equilibrium wage will result in
A. an excess demand for labor, that is unemployment.
B. an excess demand for labor, that is, a shortage of workers.
C. an excess supply of labor, that is unemployment.
D. None of the above is correct.
Answers
Usually, a minimum wage that is set below a market's equilibrium wage will result in an excess demand for labor, which is, a shortage of workers.
What is a market's equilibrium wage?The equilibrium market wage refers to an intersection of the supply and demand for labor wage.
The minimum wage means the ceiling wage that must be paid to the labor.
Hence, when a minimum wage is set below a market's equilibrium wage, it will result in an excess demand for labor, which is, a shortage of workers.
Therefore, the Option B is correct
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The process of measuring marketing results and adjusting the marketing plan as needed is called marketing ________.
Answers
Answer:
a new Long income in market to get a new meal
Write a three sentence objective stating what you “bring to the table” and why you are applying for a job at XYZ Manufacturing and Construction.
Answers
Answer:
Skill
Willingness to learn/teach
Enthusiasm for the job and ways to improve it
Explanation:
Dear Manager
I am writing a letter to state that I would like to apply for the position that you are offering at the Manufacturing and construction company.
I am skilled in the craft as I earned my degree in the subject area and had been working in the same are for the last 10 years. In addition to that I am always willing to learn new ways and apply the newest technology that is most beneficial to us as well as teach the lot what I have learned thus far. Finally, I am willing to put myself in the job wholeheartedly and help solve problems that may arise. I will work with due diligence and I will not waiver.
Regards
New Worker
Deidre owns a pet store. Last month, her income was $5,500, her cost of goods
was $800, and her total expenses were $2,600. What are Deidre's net income and
gross income for last month?
Answers
Deidre's net income and gross income for last month was $5,500
How to find Deidre's net income and gross income for last monthDeidre's Gross Income = Income = $5,500
Deidre's Net Income = Gross Income - Cost of Goods Sold - Total Expenses
= $5,500 - $800 - $2,600
= $2,100
Therefore, Deidre's net income for last month was $2,100, and her gross income was $5,500.
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What is the main function of a business?
Answers
Why do barriers to entry create market power? What are the characteristics of monopolistic competition?
Answers
Barriers that stop new businesses from entering a market give more power to existing companies. This makes it harder for new businesses to compete and allows the existing companies to control prices and the market.
Monopolistic competition means there are lots of companies selling similar but slightly different products.
What is the monopolistic competition?They can control the price a little and it's easy to start or stop doing business. They compete by making their product seem more appealing through advertising or small changes.
So, Monopolistic competitive industries are easy to join and what one company decides doesn't really impact others.
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what will the interest rate be if the $250 of interest had been discounted at the time the loan was made? percent
Answers
The interest rate is 2.56% if the $250 of interest had been discounted at the time the loan was made.
Discounted amount = $250
Principal loan amount = $10,000,
The term of the loan = 1 year.
Calculating the interest rate of the $250, using the simple interest formula for discounting:
\(I = PRT\)
Calculating the amount that the borrower received -
= ($10,000 - $250)
= $9,750
Therefore, substituting the values -
\(250 = 9,750 x r x 1\)
r = 250 / 9,750
r = 0.0256
r = 2.56%
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Wants can also be considered which of the following?
Answers
Answer:
What are the answer choices
Your brother has asked you to help him with choosing an investment. He has $5,000 to invest today for a period of two years. You identify a bank term deposit that pays an interest rate of 4.25 percent with the interest being paid quarterly. What will be the value of the investment in two years?
Answers
How to Apply the Rule of 72. According to the Rule of 72, $1 invested at a 10% yearly constant interest rate would increase to $2 after 7.2 years ((72/10) = 7.2). In reality, a 10% investment will double in 7.3 years ((1.107.3 = 2)).
How much entertainment, compounded annually, would it take to double a fund in six years?You may also calculate it backwards: divide 6 by 72 to get that a hobby charge of roughly 12 percent will be needed if you want to quadruple your money in six years.
What hobby costs how much per year if you want to double your money in three years?How to Apply the Rule of 72. For instance, the Rule of 72 stipulates If you want to double your money in three years, your investments must provide annual returns of between 21% and 24% (72/3 years). Similar to this, if you want to double your money in five years, your assets must grow at a rate of about 14.4% per year (72/5).
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Based on your reading of the following passage, to which listed careers do you think John might be suited? (Select all that apply. ) John is a high school graduate. He is smart and ambitious but does not wish to pursue a college degree. John has good technical skills, can operate computers, and has a strong grasp of basic physical sciences. He served in the navy for four years. John is not opposed to joining a union. He does not have a spouse or any children. John is physically healthy, strong, and has good vision without any significant issues. John might be suited to be: a seaman a seaman a rail yard worker a rail yard worker a ship's captain a ship's captain a dispatcher
Answers
Answer:
a seaman
a seaman
a rail yard worker
Explanation:
3. Which aspect of professionalism do you feel that you are weakest at? Explain why you think so. Describe at least one thing you could do to improve at it. (1-3 sentences. 2.0 points)
Answers
There are several aspects of professionalism that an individual is able to hone, such as communication skills for example.
How to develop communication skills?Communication can be improved through self-confidence and listening skills. It is essential to establish the plan when communicating an important message, with attention to the effectiveness of the channel and the clarity and objectivity of the communication.
Therefore, communication is an essential skill of professionalism that must be developed through openness to experience and dedication.
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What are the biases in behavioral finance?
Answers
Behavioral finance is a field of study that seeks to understand how psychological biases and emotions can affect financial decision-making. There are several common biases in behavioral finance, including overconfidence bias, loss aversion bias, confirmation bias, anchoring bias, and availability bias.
Overconfidence bias: The tendency to overestimate one's abilities and knowledge, leading to overconfidence in investment decisions.Loss aversion bias: The tendency to be more sensitive to losses than to gains, leading to risk aversion and conservative investment decisions.Confirmation bias: The tendency to seek out information that confirms one's existing beliefs, leading to a narrow view of investment opportunities.Anchoring bias: The tendency to rely too heavily on the first piece of information received, leading to biases in valuation and decision-making.Availability bias: The tendency to overweight recent and easily accessible information, leading to a lack of diversification and overreaction to market trends.
These biases can lead to suboptimal investment decisions and should be carefully considered by investors and financial advisors.
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[6] Rock Co.'s financial statements had the following balances at December 31: Infrequently occurring gain $ 50,000 Foreign currency translation gain 100,000 Net income 400,000 Unrealized gain on available-for-sale debt securities 20,000 What amount should Rock report as comprehensive income for the year ended December 31? A. $400,000 B. $420,000 C. $520,000 D. $570,000
Answers
Option C, or $520,000, is the right response.
Comprehensive income is the change in equity during a period from transactions and other events and circumstances from non-owner sources. It incorporates all equity changes over the course of a time period aside from those brought on by owner investments and owner dividends.
In this problem, the following items are part of comprehensive income:
Infrequently occurring gain: $50,000
Gain from currency conversion: $100,000
Unrealized gain on available-for-sale debt securities: $20,000
To calculate comprehensive income, we add these items to the net income for the year:
Comprehensive income = Net income + Infrequently occurring gain + Foreign currency translation gain + Unrealized gain on available-for-sale debt securities
Comprehensive income = $400,000 + $50,000 + $100,000 + $20,000 = $520,000
∴, For the year ending December 31, Rock must disclose $520,000 as comprehensive income.
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Barbara found a 1099-Int from her bank while spring cleaning. She knew right away that she did not give this to her accountant for her tax preparation. What can she expect from the IRS?
Answers
Answer:
In simple words, A 1099-INT tax return is proof that you were paid interest by someone – a bank or another company. A 1099-INT is sent if you received more than $10 in interests from a bank, stockbroker, or other commercial organization Your bank may have sent you this tax form because it paid your income on your funds.
Select the correct answer. Ship's engineers help keep ships running well. A. True B.False
Answers
Answer:
i am late but this true
Explanation:
I did the test on this and got it right :)
Why should we hire you in IT field?
What The Hiring Manager Wants to Know: The best way to answer this question is to discuss what you can do for the company. What do you bring to the table? What skills, education, and attributes do you have that will benefit the organization? What will you achieve if you were to be hired? This is an opportunity to sell yourself to the hiring manager.
ASSIGNMENT QUESTIONS:
The Email should be 3 paragraphs long (Introduction, Body, and Conclusion). It should have an appropriate opening & closing, and a professional signature.
Answers
I believe I would be a valuable asset to the IT field because of my strong technical skills, ability to adapt to new technologies, and dedication to continuous learning.
In the IT field, it is crucial to stay up-to-date with the latest technologies and trends. I have a solid foundation of technical skills that includes programming languages, database management, networking, and systems administration. I am also adept at problem-solving and troubleshooting, which are essential skills in resolving technical issues efficiently. Additionally, I have a strong ability to learn quickly and adapt to new technologies, allowing me to stay current and contribute effectively to the organization's IT initiatives.
My passion for continuous learning ensures that I will consistently expand my knowledge and skill set to keep up with the evolving industry. By hiring me, the company will benefit from my technical expertise, adaptability, and commitment to ongoing growth in the IT field.
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Which of the following types of business ownership has the highest personal liability risk?
A. A partnership
B. A sole proprietorship
C. AC corporation
D. An LLC
Please select the best answer from the choices provided.
Answers
Answer:
I think A option is right
Answer:
B
Explanation:
Edge 2021
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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According to the reading, what might support a premium pricing strategy? a) Forming your business as a corporation b) Fresh ingredients c) 24 hour operation d) None of the above
Answers
Answer: Fresh ingredients
Explanation:
One number that represents a group of numbers is called a/an
Answers
Answer:
Average.
Explanation:
One number that represents a group of numbers is called an average. The most commonly used average in the real world for the calculation of different parameters such as gross pay, average pay, price, quantity etc, is the simple average.
In order to calculate an average, the total number of items are added together and then divided by the number of items.
For example, find the average of the salaries of five (5) employees who earn $10, $5, $50, $20 and $15 respectively.
Given, number of employees = 5
Total sum of money earned = 10+5+50+20+15 = 100
Average = Total sum of money/number of employees
Substituting the values, we have;
Average = 100/5
Average = 20.
Hence, the average pay of the five (5) employees is $20. This $20 represents a group of salaries earned by the five employees.
what types of metrics can help us understand how much of what type of traffic search engines are bringing, how engaged those visits are, and whether or not visitors are accomplishing business goals?
Answers
The types of metrics that can help understand how much of what type of traffic search engines are bringing, how engaged those visits are, and whether or not visitors are accomplishing business goals are traffic, engagement, and conversion metrics.
Traffic metrics show how many visits a website receives, which channels or sources drive the visits, and how much traffic comes from search engines. Engagement metrics, on the other hand, measure how engaged visitors are with a website, its content, and its features.
They include bounce rate, time on site, pages per session, and other engagement metrics. Lastly, conversion metrics show whether or not visitors are accomplishing business goals, including leads, sales, and other types of conversions.
Traffic metrics show how much traffic comes from search engines and other sources.
The most common traffic metrics include the number of sessions, users, pageviews, and unique pageviews. Traffic sources can be broken down into different channels, including organic, paid, referral, social, email, and others. Engagement metrics help understand how engaged visitors are with a website and its content.
High engagement can lead to increased retention, loyalty, and lifetime value. Conversion metrics are the ultimate measure of success for any website. They show whether or not visitors are accomplishing business goals, such as leads, sales, and other types of conversions.
Conversion rates, revenue, and ROI are all key conversion metrics that help evaluate website performance.
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explain the relationship among job, employment and education with examples
Answers
Answer:
If you go to school it help you learn things for life when your out for the real world where you have to get you a job.
Explanation:
In this activity, you will draft your own cover letter You do not need to have a specific person or employer to address the letter right now. After you draft and save a template, you will be able to revise and customize the cover letter to meet your needs in the future. The activity worksheet is a basic template to guide your writing. A rubric is also included on the worksheet to help you review your letter. You might ask your pod leader or another
significant adult in your life to review your cover letter, too.
Answers
A cover letter is a one-page document that you include with your resume or CV when applying for a job. Its objective is to introduce you and provide a brief summary of your professional history. Your cover letter should be between 250 and 400 words long on average.
What exactly is a cover letter?A cover letter typically consists of three paragraphs that explain why you are applying for a particular position, provide a brief summary of your professional history, and highlight your unique qualifications for the position. Some employers require applicants to submit a cover letter, while others make it optional.
In a cover letter, how should one introduce themselves?Yes, your cover letter should introduce you. Include your name, the position you're applying for, and how you found it in your introduction. For instance: I'm Henry Applicant and I'm applying for the open position of Account Manager on LinkedIn.
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