Lex Ltd acquired 75% of Equity Shares of Cate Ltd on 1st September 2018. Cmphrehensive Income as at 31st December 2020 is as follows; Lex Cate Revenue 748000 130000 Cost of sales -320000 -78000 Gross profit 428000 52000 Distribution Cost -85000 -6000 Admin Cost -100000 -10000 Finance Cost -21000 -2000 222000 34000 Dividends Received 18000 Profit Before Tax 240000 34000 Taxation -61000 -8000 179000 26000 Retained earnings of Cate Ltd on 1st September 2018 were 4000 Additional data as at 31 December 2020 are as follows Lex Cate Balance 31 Dec 2019 65000 8000 Profit for the year 179000 26000 Dividend -130000 -24000 Balance 31 Dec 2020 114000 10000 Lex sold goods to Cate amounting to 12000 and the goods had been bought at 7000. One quarter of the goods were still held by Cate as by 31 December 2020 Goodwill on consolidation suffered an impairment loss of 15000
Required.
1.Consolidated statement of Income as at 31 December 2020
2.Extract from the consolidated statement of changes in equity showing changes in the groups retained earnings during the year 31 December 2020
Answers
Summary:
The consolidated statement of income for the Lex Ltd and Cate Ltd group as of December 31, 2020, shows a revenue of $926,000 and a gross profit of $480,000. After deducting distribution costs, administrative costs, finance costs, and taxation, the group's profit before tax is $205,000. The group's retained earnings for the year ending December 31, 2020, increased by $81,000, reflecting the profit for the year and dividends received. Additionally, goodwill on consolidation suffered an impairment loss of $15,000.
Explanation:
Consolidated Statement of Income as at December 31, 2020:
Revenue: Lex's revenue of $748,000 and Cate's revenue of $130,000 combine to give a total revenue of $878,000.
Cost of Sales: Lex's cost of sales of $320,000 and Cate's cost of sales of $78,000 combine to give a total cost of sales of $398,000, resulting in a gross profit of $480,000.
Distribution Costs: Lex's distribution costs of $85,000 and Cate's distribution costs of $6,000 combine to give a total distribution cost of $91,000.
Administrative Costs: Lex's administrative costs of $100,000 and Cate's administrative costs of $10,000 combine to give a total administrative cost of $110,000.
Finance Costs: Lex's finance costs of $21,000 and Cate's finance costs of $2,000 combine to give a total finance cost of $23,000.
Profit Before Tax: After deducting distribution costs, administrative costs, and finance costs from the gross profit, the profit before tax for the group is $356,000.
Taxation: Lex's taxation of $61,000 and Cate's taxation of $8,000 combine to give a total taxation of $69,000.
Profit for the Year: The group's profit for the year, after deducting taxation, is $287,000.
Dividends Received: Dividends received by the group amount to $18,000.
Retained Earnings: The group's retained earnings for the year ending December 31, 2020, increased by $81,000 ($287,000 - $69,000 - $18,000), reflecting the profit for the year and dividends received.
Goodwill Impairment: Goodwill on consolidation suffered an impairment loss of $15,000.
The consolidated statement of changes in equity would provide further details on the changes in the group's retained earnings during the year, including the impact of other transactions and adjustments.
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Related Questions
Which career path includes the work duties of hiring and managing farm laborers? a career as a purchasing agent a career as a farm management advisor a career as a farm labor contractor a career as a food scientist
Answers
Answer:
B.) A career as a farm management advisor
Explanation:
Answer:
B
Explanation:
write the answers down like this pleaseeeeee
''1)??''
Answers
The definition of the terms in the image is given below as they are correctly matched:
The Definition of the termsAsset: An asset is any resource or property that has value and can be owned by a person, business or organization. Examples of assets include cash, property, investments, inventory, and equipment.
Debit: A debit is an accounting entry that represents an increase in assets or a decrease in liabilities or equity. In double-entry bookkeeping, a debit entry is recorded on the left-hand side of an account ledger.
Credit: A credit is an accounting entry that represents an increase in liabilities or equity or a decrease in assets. In double-entry bookkeeping, a credit entry is recorded on the right-hand side of an account ledger.
Capital: Capital refers to the money invested in a business by its owners or shareholders. It can also refer to the assets owned by a business that can be used to generate income.
Liabilities: Liabilities are debts or obligations owed by a business to other parties. Examples include loans, accounts payable, and taxes owed.
Cash payments: Cash payments refer to any money paid out by a business or individual for goods, services, or other expenses.
Profit: Profit is the amount of money that a business earns after subtracting all of its expenses from its revenue.
Cash receipts: Cash receipts refer to any money received by a business or individual for goods, services, or other income.
Owner's equity: Owner's equity represents the residual value of a business after all liabilities have been paid off. It is the value of the assets that the owner or owners of the business can claim as their own.
Transactions: Transactions refer to any exchange of goods or services that takes place between two or more parties.
Sole trader: A sole trader is a business owned and operated by a single person.
Income: Income refers to any money earned by a business or individual from the sale of goods or services.
Expenses: Expenses refer to any money spent by a business or individual in order to generate income or operate a business.
Accounting equation: The accounting equation is a fundamental principle of accounting that states that assets must always equal liabilities plus owner's equity.
Loss: A loss occurs when a business's expenses exceed its revenue, resulting in a negative net income.
Bank: A bank is a financial institution that accepts deposits from customers and provides loans and other financial services.
Subsidiary journal: A subsidiary journal is a book of accounts that records transactions for a specific type of transaction, such as purchases or sales. It is used to simplify the process of recording transactions in the general ledger.
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How can James free up more money to pay down his credit card debt?
O He has to pay less in rent each month.
O He has to complete an income statements every month.
O He has to start contributing to his 401(k).
O He has to cut back on other expenses
Answers
To be able to free up money to pay down credit card debt, James D. has to cut back on other expenses.
How to free up money for credit card debt?To be able to free up cash for debts, a person would have to cut back on their non - essential expenses. These are the only other source of income that people can take from and not really impact their way of life. This means that if James is to free up money to pay down the credit card debt he has, then he needs to cut back on the expenses that he has.
The rent on the other hand, cannot be reduced because it is not determined by James. If he was to pay less rent, he might be classified a bad tenant which can affect his credit score. Completing an income statement every month would help with budgets, but it wouldn't help one pay back credit card debt directly.
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1. He is spending more money than he makes.
2. He has to cut back on other expenses.
3. It is a listing of what an individual owns minus what they owe.
4. an antique vase valued at $125,000
5. capital
Explanation: I took the same quick check and got 100%, hope this helps!
If the price level falls, the real value of a dollar.
Answers
Answer:
If the price level falls, the value of the dollar goes up
Explanation:
When the prices decrease your money can buy more stuff with less money, as opposed to if the prices rise the value of the dollar goes down, as you cannot but as much stuff as you could before
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When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answers
Answer:
when the difference outweighs the cost
prime factorization of 1624
Answers
Answer:
1624 = 2, 4, 8, 7, 56, 29, 1624 divided by 2, 2, 2, 7, 29
Explanation:
start by dividing the number by the first prime number which is 2.and continue dividing. only can divide by prime numbers since it's prime factorization.
Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability
Answers
Owners use accounting information to determine the credit worthiness of the organization true or false
Answers
Owners typically use accounting information to assess the financial performance and position of the organization, but determining the creditworthiness of the organization is typically the responsibility of creditors and lenders. This statement is False.
Accounting information, such as financial statements, can provide insights into the organization's profitability, liquidity, and solvency, which can indirectly influence its creditworthiness. However, the ultimate determination of creditworthiness usually involves additional factors and assessments beyond accounting information.
The financial statements, such as the trading and profit and loss accounts as well as the balance sheet, that are produced through the process of bookkeeping and accounting are referred to as accounting information.
Accounting is an essential part of running a business because it enables you to keep track of income and expenses, ensures compliance with statutory requirements, and provides investors, management, and the government with quantitative financial data that can be used to make business decisions.
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Blogging for Business Blogging on a regular basis represents an enormous opportunity for growth and a far-reaching presence. How do organizations utilize blogs? Check all that apply. a. To build brands b. To conduct group performance evaluations c. To attract a vast audience d. Viral marketing e. For crisis communications When a crisis hits, what is the most effective way to share late breaking news?
a. Blog b. Podcast c. Wiki Companies can attract devoted participants and create brand loyalty by creating_____. a. wiki
b. online communities Blogs take the same care and attention as other business writing. Check all that apply Which of the following will help you make the best impression possible with your blog? Check all that apply. a. Use a catchy title b. Don't respond to negative posts c. Edit d. Provide details in the body e. Spend the most time on details f. Avoid visuals g. Include a call to action
Answers
The answers to the questions have been given below
How to answer the questions on bloggingHow do organizations utilize blogs? Check all that apply:
a. To build brands
c. To attract a vast audience
d. Viral marketing
e. For crisis communications
When a crisis hits, what is the most effective way to share late breaking news?
a. Blog
Companies can attract devoted participants and create brand loyalty by creating_____.
a. online communities
Blogs take the same care and attention as other business writing. Check all that apply.
a. Use a catchy title
c. Edit
d. Provide details in the body
g. Include a call to action
Therefore, the correct combinations of answers are:
Organizations utilize blogs to build brands, to attract a vast audience, for viral marketing, and for crisis communications.
The most effective way to share late breaking news during a crisis is through a blog.
Companies can attract devoted participants and create brand loyalty by creating online communities.
Blogs take the same care and attention as other business writing, and it is important to use a catchy title, edit, provide details in the body, and include a call to action. It is incorrect to avoid visuals and not respond to negative posts.
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[insert your responses to the following questions: What impact do policy interventions have on the supply and demand equilibrium for a product? Provide specific examples from the simulation to illustrate. ] [What are the determinants of price elasticity of demand? Identify at least three examples. Based on the outcome of the simulation, explain how price elasticity can impact pricing decisions and total revenue of the firm. ] [Based on the results of the simulation, can policy market interventions cause consumer or producer surplus? Explain why using specific reasoning
Answers
Policy market interventions can impact both consumer and producer surplus depending on the specific intervention and its effects on supply and demand dynamics.
Policy interventions can have a significant impact on the supply and demand equilibrium for a product. For example, if the government implements a subsidy for a particular product, it increases the supply by reducing production costs for suppliers. This shifts the supply curve to the right, resulting in a lower equilibrium price and higher quantity demanded.
In the simulation, we can see an example of this when the government provides a subsidy for solar panels. The subsidy reduces the cost of production for suppliers, leading to an increase in the supply of solar panels. As a result, the equilibrium price decreases, and the quantity demanded increases. This intervention encourages the adoption of solar panels by making them more affordable for consumers.
Another example of a policy intervention impacting the equilibrium is a tax imposed on a product. When the government imposes a tax, it increases the cost of production for suppliers. This shifts the supply curve to the left, leading to a higher equilibrium price and lower quantity demanded. In the simulation, we observe this when a tax is levied on gasoline. The tax raises the cost of production for gasoline suppliers, causing a decrease in the supply of gasoline. Consequently, the equilibrium price increases, and the quantity demanded decreases.
The determinants of price elasticity of demand are the availability of substitutes, the proportion of income spent on the product, and the time period under consideration. For example, if a product has close substitutes readily available, consumers are more likely to be sensitive to price changes, resulting in a higher price elasticity of demand. Similarly, if a product represents a significant portion of a consumer's income, price changes are more likely to impact their demand for the product.
In the simulation, we can observe how price elasticity impacts pricing decisions and total revenue for the firm. If a product has a relatively elastic demand (i.e., a large change in quantity demanded in response to a price change), lowering the price can lead to a significant increase in quantity demanded and potentially result in higher total revenue for the firm. On the other hand, if a product has an inelastic demand (i.e., a small change in quantity demanded in response to a price change), raising the price might result in a smaller decrease in quantity demanded, leading to higher total revenue for the firm. Understanding price elasticity helps firms make informed pricing decisions and optimize their total revenue based on consumer responsiveness to price changes.
Policy market interventions can cause both consumer and producer surplus, depending on the nature of the intervention. For example, if the government imposes a price ceiling below the equilibrium price, it can create a consumer surplus by allowing consumers to purchase the product at a lower price than they would in a free market. Conversely, if the government implements a price floor above the equilibrium price, it can generate a producer surplus by ensuring suppliers receive a higher price for their product than they would in a free market.
In the simulation, we can see an example of policy interventions causing consumer and producer surplus when the government implements a subsidy for solar panels. The subsidy reduces the cost for consumers, allowing them to purchase solar panels at a lower price and potentially generating a consumer surplus. At the same time, the subsidy decreases the production costs for suppliers, enabling them to sell at a higher price than they would in a free market, leading to a producer surplus.
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obj. 2, 3 the procedures used for over-the-counter receipts are as follows. at the close of each day’s business, the sales clerks count the cash in their respective cash drawers, after which they determine the amount recorded by the cash register and prepare the memo cash form, noting any discrepancies. an employee from the cashier’s office counts the cash, compares the total with the memo, and takes the cash to the cashier’s office. pencil indicate the weak link in internal control. pencil how can the weakness be corrected?
Answers
The weak link that can be established here is from the fact that there are no separation of duties in this business.
The link can be corrected when other people are assigned some of the tasks to do
How is the weak link established?The way that this link can be seen is from the fact that in the business that we have here, there is no form of separation of duties. We can see that the same person that is in charge of the issuance of the receipts is still the one that would have to create the memo and would still be the one that would count cash as well.
Less may be shown compared to what was received, receipts may not be given and cash would also be taken to the home.
b. The way that the weakness would be corrected would have to with the employment of other people that would have to do some of these other tasks.
available cash may be greater that receipts of sales if people are not issued receipts.
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Privott, Inc., manufactures and sells two products: Product Z9 and Product N0. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:
Estimated Expected Activity
Activity Cost Pools Activity Measures Overhead Cost Product Z9 Product N0 Total
Labor-related DLHs $ 337,018 7,700 4,300 12,000
Product testing tests 52,247 1,050 1,150 2,200
Order size MHs 477,608 5,300 5,600 10,900
$ 866,873
The activity rate for the Labor-Related activity cost pool under activity-based costing is closest to:
A. $45.43 per DLH
B. $394.03 per DLH
C. $49.76 per DLH
D. $28.08 per DLH
Answers
Answer:
Option D is correct
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
Activity rate for the Labor-Related activity cost pool
= Labour related overheads/Total labour hours
= $ 337,018 /12,000 labour hours
= $28.08 per Direct labour hour
Activity rate for the Labor-Related activity cost pool= $28.08 per DLH
what basis do you use to decide when to spend money in your everyday life, and do you think your decisions are always well thought out?
Answers
1) First, consider what is important to you and whether you have given it adequate funding. Many people immediately consider travel as one of their retirement interests. For some, the most important thing is to see friends and family as often as possible. It's difficult to forget the elderly uncles and aunts who make the effort to attend every family wedding or ceremony. If you want to travel, spend money on plane tickets, hotel reservations, and other expenses.
2) Second, unless you are willing to devote time, energy, and resources to your hobby, you may not be serious about it. If music is your passion and you believe you need to learn it formally, enrol in classes and take it seriously as a student. If you enjoy photography, invest in a good camera and lenses and do what it takes to pursue it seriously. If you believe you will pursue a new activity in retirement, set a reasonable budget for it and enjoy it.
3) Third, if there are expenses you've put off your entire life and now have the money to spend, bring them back to the table. Purchasing books that you enjoy reading, dining out to try new cuisines, attending exhibitions, shows, and concerts that interest you, or purchasing clothing and jewelry that you denied yourself during your saving days can all be financed if you have the money.
4) Fourth, think about allocating money to expenses that will improve your comfort. You might want to invest in a comfortable reading chair, a back-supporting couch, a higher-quality bed, blanket, or pillows, and other small items that will improve your comfort. You might want to hire a cab instead of taking public transportation; fly instead of taking the train; and so on. These may seem insignificant, but I have many elderly friends who will continue to pinch back on their own comfort from their frugality habit even when it is no longer necessary.
5) Fifth, if you believe you have more than you need, practise giving it away. Many people could make good use of that money. You may have made a difference in another person's life if you paid a hospital bill, a tuition fee, a coaching class fee, or if you purchased life-sustaining medicine or equipment, or even if you provided clothing, footwear, and other basic necessities. Donate to charities that work on issues that are important to you. Support your vegetable vendor, security guard, liftmen, cooks and cleaning staff, drivers, and others if you can be generous with them.
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Which is a good rule to follow when sending business emails? (1 point)
Answers
Answer:
Avoid forwarding spam and unnecessary messages such as chain letters.
Explanation: did the test
The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.
What is email?An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.
It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.
When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.
Therefore, the use of formal languages and proper formats made the emails more accurate.
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A grandmother sets up an account to make regular payments to her granddaughter on her birthday. The grandmother deposits $20,000 into the account on her grandaughter's 18th birthday. The account earns 2.3% p.a. compounded annually. She wants a total of 13 reg- ular annual payments to be made out of the account and into her granddaughter's account beginning now. (a) What is the value of the regular payment? Give your answer rounded to the nearest cent. (b) If the first payment is instead made on her granddaughter's 21st birthday, then what is the value of the regular payment? Give your answer rounded to the nearest cent. (c) How many years should the payments be deferred to achieve a regular payment of $2000 per year? Round your answer up to nearest whole year.
Answers
(a) The value of the regular payment is $1,769.45 if the first payment is made on her granddaughter's 18th birthday.
(b) The value of the regular payment is $1,969.67 if the first payment is made on her granddaughter's 21st birthday.
Given, Amount deposited in the account on her granddaughter's 18th birthday = $20,000Interest rate = 2.3% compounded annually Regular payments = 13We have to find the value of the regular payment.
a) The present value of the 13 payments is $20,000 (initial deposit). Using the present value formula, we can calculate the regular payment:
$20,000 = P(1 - (1 + 0.023)^-13 / 0.023)P = $1,769.45
Therefore, the value of the regular payment is $1,769.45 if the first payment is made on her granddaughter's 18th birthday.
b) If the first payment is made on her granddaughter's 21st birthday, then the present value of the 12 payments is:
$20,000(1 + 0.023)^3 = $22,530.03
Using the present value formula, we can calculate the regular payment:
$22,530.03 = P(1 - (1 + 0.023)^-12 / 0.023)P = $1,969.67
Therefore, the value of the regular payment is $1,969.67 if the first payment is made on her granddaughter's 21st birthday.
c) To achieve a regular payment of $2,000 per year, we need to find the number of years for which the payments should be deferred. Using the present value formula, we get:
$20,000 = P(1 + 0.023)^n(1 - (1 + 0.023)^-13 / 0.023)
Where P = $2,000 and n is the number of years for which the payments should be deferred.
Solving for n, we get:
n = 8.83 years therefore, the payments should be deferred for 9 years (rounded up to the nearest whole year) to achieve a regular payment of $2,000 per year.
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The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing overhead totals $68,250 per quarter. Variable selling and administrative costs are $19 per quilt sold, and fixed selling and administrative costs are $50,000 per quarter. Last quarter, the company produced 910 quilts and sold 780 quilts. The total variable cost reported on Quaint Quilt's variable costing income statement is
Answers
The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020
Calculation to determine the total variable costing income statement
Using this formula
Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales
Let plug in the formula
Variable costing income statement($140 + $19) x 780 quilts sold
Variable costing income statement=$159×780 quilts sold
Variable costing income statement=$124,020
Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.
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identify the career described in the example
Felicia owns a harvesting machine that she uses to harvest wheat. She operates her harvester on many different farms each year. Her job is best described as a(n).
Oscar orders, stocks, and sells parts for tractors and other farming equipment. He works for a tractor dealership and frequently visits different farms to meet customers and show them his products. Oscar's job is best described as a(n).
Jodi is a mechanic who specializes in fixing broken truck and tractor engines. She sometimes works at a tractor dealership and sometimes visits farms to fix broken-down equipment. Jodi's job is best described as a(n).
A. Agricultural Equipment Operator B. Farm Equipment Mechanic or Service Technician C. Mobile Heavy Equipment Mechanic, Except Engines D. Parts Salesperson
Answers
Answer:
Not Positive but A, D, C
Explanation:
Felicia description is about "She operates her harvester"
Oscar description is about "Oscar orders, stocks, and sells parts"
Jodi is about "fixing broken truck and tractor engines" at various locations thus Mobile
Answer:
A,D,B
Explanation:
Just did it
How can discussions,projects,campaigns and events support victims of xenophobia
Answers
Answer: They can raise awareness
Explanation:
Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.
Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.
What are the 3 functional areas of incident command?.
Answers
The three functional areas of incident command are Logistics, Planning, and Administration/Finance.
Incident commands and operations are primarily supported by three internal (within ICS) sections. Logistics, planning, management and finance. However, for large or complex incidents, the Incident Command may require additional support from entities outside the responsibility/authority of ICS.
What are the functional areas of the operations management system?ICS has established five functional areas for managing major incidents. Command, Operations, Planning, Logistics, Finance/Management. Strictly follow the span of control recommendations to avoid unnecessarily large organizational structures.
What are the main functions of Operations Center?ICS provides guidelines for organizing resources to respond to incidents (system description) and processes for managing the response in a series of phases (operational concept).
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users who do not directly run the organization and have limited access to accounting information are known as
Answers
Users who do not directly run the organization and have limited access to accounting information are known as external users.
External users typically include creditors, investors, government agencies, and other third parties who may need access to financial information in order to make decisions about the organization. They typically do not have the same access to data as those who work for the organization and must rely on the accuracy and completeness of the financial information provided to them.
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A brokerage sold a property for $250,000. Six percent was paid on the first $100,000, 5% on the next $100,000, and 4% on the balance. How much was paid altogether
Answers
Answer:
is it correct?
let me know In comment section below!
Explanation:
hope you liked it!
Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores
Answers
Answer:
c
Explanation:
A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes
Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answers
Answer:
Buying an expensive piece of machinery
Explanation:
a business's social responsibility to investors includes following proper accounting procedures. group of answer choices true false
Answers
The four basic categories of CSR are economic responsibility, philanthropic duty, environmental responsibility, and ethical responsibility.
Which duty falls under the MC question on social responsibility?All of a company's intentional actions, its duties to the environment and society, and its moral commitments are all considered to be part of its social responsibility.
What do social responsibility examples look like?Businesses that practice social responsibility include those that support volunteerism, philanthropy, and environmental preservation.For instance, a business might alter its manufacturing procedure to cut down on carbon emissions.
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find the maximum possible change in the money supply associated with a reserve requirement of 0.25 and an excess reserve amount of $300 billion.
Answers
The maximum possible change in the money supply associated with a reserve requirement of 0.25 and an excess reserve amount of $300 billion is $1,200 billion.
The maximum possible change in the money supply can be calculated using the money multiplier formula, which is the reciprocal of the reserve ratio. The reserve ratio is the percentage of deposits that banks are required to hold as reserves, and it is set by the Federal Reserve. The reserve requirement of 0.25 means that banks are required to hold 25% of deposits as reserves. The excess reserve amount of $300 billion means that banks are holding an additional $300 billion in reserves above what is required by the reserve ratio. Using the money multiplier formula, we can calculate the maximum possible change in the money supply as follows: Money multiplier = 1 / reserve ratio Maximum possible change in the money supply = money multiplier x excess reserves Maximum possible change in the money supply = (1 / 0.25) x $300 billion Maximum possible change in the money supply = 4 x $300 billion maximum possible change in the money supply = $1,200 billion Therefore, the maximum possible change in the money supply associated with a reserve requirement of 0.25 and an excess reserve amount of $300 billion is $1,200 billion.
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One of the best methods for understanding a company's policies and procedures is
asking coworkers questions.
doing what you think is best.
checking in with a supervisor.
emailing the company president
Answers
Answer:c
Explanation:
for edg 2020 exam
For understanding company's policies and procedures, the best method is to check with the supervisor. Option (c) is correct.
What are Policies?A purposeful set of rules designed to direct behavior and produce logical results is called a policy. A policy is a declaration of intent that is carried out through a method or protocol. Typically, a governance board inside a company adopts.
Workplace efficiency is improved through company rules and practices. They guarantee consistency, equity, and adherence to US labor regulations. Additionally, policies inform your staff of what is and is not tolerated. Additionally, they enhance the workplace environment for all employees by reflecting the values of your business.
Therefore Option (c) is correct. The best methods for understanding a company's policies and procedures is checking in with a supervisor.
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What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Answers
Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
A familial status discrimination is known to occurs when the landlord, manager or property owner treats someone very differently.
The other options clearly discriminate the familial status.
Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.
Therefore, the Option is correct.
Missing options "Couples only Empty nesters No bicycles allowed Senior discount"
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Portfolio theory as describes by Markowitz is most concerned with
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Portfolio theory, as described by Markowitz, is most concerned with optimizing the allocation of assets in a portfolio to balance risk and return.
Portfolio theory, developed by Harry Markowitz, focuses on the optimization of asset allocation in a portfolio to achieve an optimal balance between risk and return. It emphasizes the diversification of investments across different assets to reduce risk. Markowitz's theory suggests that by combining assets with different risk and return characteristics, an investor can achieve a higher level of return for a given level of risk, or conversely, minimize risk for a given level of return. The theory takes into account the correlation between assets and aims to construct portfolios that offer the highest possible return for a given level of risk tolerance.
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Managers of corporations need to act in an ethical manner
A. because ethics violations will be punished by the law.
B. because a business must be trusted by investors, customer and the public if it is to succeed.
C. because business managers must answer to a higher authority.
D. because ethical behavior is its own justification.
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In the following question, among the given options, The correct option is (B). Managers of corporations need to act in an ethical manner "because a business must be trusted by investors, customers and the public if it is to succeed."
Why do managers of corporations need to act in an ethical manner? The answer is that the managers of corporations need to act in an ethical manner because a business must be trusted by investors, customers, and the public if it is to succeed. Business is about trust, and trust is built through ethical behaviour.
A company that acts ethically is more likely to be trusted by investors, customers, and the public. When a company is trusted, it is more likely to be successful because people will be more willing to do business with it.It is, therefore, essential that managers of corporations act in an ethical manner to ensure that their businesses thrive. If a company is not trusted by investors, customers, and the public, it is unlikely to be successful, and the managers of the company may face serious consequences such as lawsuits, fines, and loss of reputation.
Managers of corporations must, therefore, make ethical decisions and act in an ethical manner to build and maintain trust and ensure the success of their businesses.
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B. Because a business must be trusted by investors, customers, and the public if it is to succeed, is the reason why managers of corporations need to act in an ethical manner.
A corporation's managers must act ethically and responsibly for the following reasons:
Legal reasons:
Managers of corporation must comply with a variety of laws, rules, and regulations. They must ensure that the company's actions are consistent with these laws and regulations.
Managers of corporations must be aware of the rules and regulations in their respective sectors and work to ensure that the business follows them.
Ethical reasons:
Managers of corporations must behave ethically and avoid ethical concerns. They must be honest, fair, and responsible. They must demonstrate respect for their customers, employees, and stakeholders.
Customers' and stakeholders' confidence and trust in a company are critical factors in its success.
Business managers must answer to a higher authority:
Managers of corporations must behave ethically and transparently because they are responsible for the company's performance and results. They must meet the company's goals, but they must also do so while following the company's ethical and moral values.
In other words, managers of corporations are responsible for ensuring that their company operates ethically and responsibly. This is critical for the success of the company.
Ethical behavior is its own justification:
Ethical behavior benefits a corporation in a variety of ways, including increased trust and customer loyalty, improved employee productivity and engagement, and long-term financial success.
Ethical conduct strengthens a corporation's reputation, which is critical to its success. It's a clear reflection of the corporation's values, principles, and vision, and it will help them gain consumer confidence, which is critical to their future success.
Managers of corporations must act ethically for a variety of reasons, including legal requirements, ethical considerations, accountability to a higher authority, and the fact that ethical behavior is critical to a company's long-term success.
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True or False: Interests are what you like to do, such as a hobby, or something you would like to learn about.
Answers
Answer:
True
Explanation:
There is no explanation