on december 29, year 9, bj co. sold a marketable debt security that had been purchased on january 4, year 8. bj owned no other marketable debt security. an unrealized loss was reported in other comprehensive income in year 8. a realized gain was reported in the year 9 income statement. how was the marketable debt security classified, and did its year 8 market price decline exceed its year 9 market price recovery?
Answers
The marketable debt security was classified as available for sale. In year 8, an unrealized loss was reported in other comprehensive income. In year 9, a realized gain was reported on the income statement.
What is a Marketable Debt Security?A marketable debt security refers to a debt security, such as a bond, that can be easily purchased or sold in the financial markets. Marketable debt securities are financial instruments that are short-term or long-term in nature and are classified as either debt or equity instruments. Marketable debt securities are subject to changes in interest rates and may be sold quickly if necessary.
How was the marketable debt security classified?The marketable debt security was classified as available for sale. According to accounting rules, a marketable debt security classified as available for sale is a debt security that the holder intends to hold for an indefinite period of time and that can be sold quickly and easily when necessary. This classification includes debt securities that the holder does not expect to hold until maturity but may be held for a long time.
What was reported in year 8?In year 8, an unrealized loss was reported in other comprehensive income. An unrealized loss is a loss that has occurred but has not yet been realized. It is a type of loss that appears on the balance sheet rather than the income statement. This loss was reported in other comprehensive income, which is a financial statement that reports items that do not appear on the income statement
What was reported in year 9?In year 9, a realized gain was reported on the income statement. A realized gain is a gain that has been earned and is recognized on the income statement. It is a type of gain that appears on the income statement rather than the balance sheet.
Did its year 8 market price decline exceed its year 9 market price recovery?
It is not possible to determine if the year 8 market price decline exceeded the year 9 market price recovery without additional information.
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The year 8 market price decline exceeded the year 9 market price recovery.
On December 29, year 9, BJ Co. sold a marketable debt security that had been purchased on January 4, year 8. BJ owned no other marketable debt security. An unrealized loss was reported in other comprehensive income in year 8. A realized gain was reported in the year 9 income statement.
The marketable debt security is classified as a "trading security".
The year 8 market price declined, which led to an unrealized loss that was reported in other comprehensive income. The year 9 market price rebounded, resulting in a realized gain that was reported in the income statement.
Therefore, the year 8 market price decline exceeded the year 9 market price recovery.
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Related Questions
Which skills are most likely to start at birth and develop as a person matures?Planning aides work with _____.
school planners
city planners
federal planners
business planners
Answers
Answer:
im thinking C. or D.
Explanation:
A location analysis has been narrowed down to three locations, the critical factors are:a) The cost of labor, taxes, and weather conditions b) The cost of transportation, availability of utilities, and zoning restrictions c) The size of the market, competition, and consumer preferences d) The availability of skilled labor, political stability, and access to raw materials
Answers
When conducting a location analysis, it is important to consider several critical factors that can affect the success of a business. In this case, the three locations have been narrowed down based on different factors. The correct answer is option (A).
One of the critical factors is the cost of labor, which can greatly impact a business's profitability. It is important to analyze the cost of labor in each of the three locations to determine which location offers the best value for the business.
Other critical factors include taxes and weather conditions, which can affect the cost of doing business in a particular location. The cost of transportation, availability of utilities, and zoning restrictions are also important considerations as they can impact the efficiency and effectiveness of the business operations. Additionally, the size of the market, competition, and consumer preferences should be analyzed to determine the potential for growth and success in each location.
Lastly, the availability of skilled labor, political stability, and access to raw materials should also be considered as they can impact the business's ability to operate efficiently and effectively in a particular location. Overall, a thorough analysis of all these critical factors is necessary to make an informed decision on the best location for a business.
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Sustainable restaurants Key words: restaurants, green supply chain, recycling, organic food Companies across all sectors are developing new products and processes with the aim of minimising negative environmental impacts (Schubert et al., 2010). Martens (2006) supported this statement and added that implementing sustainability practices is a highly complex process involving multiple players. Past research on restaurants focused mainly on nutrition and food safety, but after the 1990s, the concern for environmental protection and preservation gradually gained relevance (Wang, 2012). To meet this increasing demand for ‘green’ products and services, marketers throughout all industries are striving to develop and promote more eco-friendly goods (Wang, 2012). Building on Wang’s research, (De Oliveira et al., 2018) developed the idea of Green Supply Chain Management (GSCM) and emphasised the importance of supplier selection in the restaurant sector, as suppliers can contribute to or detract from sustainable management success. The notion of GSCM was further elaborated by Lahane, Kant and Shankar (2020) who introduced the idea of circular supply chain management, wherein waste is reduced, and efficiencies improved by recycling within the industry. There are many factors that determine how a certain business processes its waste and the extent it implements recycling (Negri et al., 2021). These factors include the location of the business, the type of materials being recycled as well as the availability of recycling facilities in its locality (Pirani & Arafat, 2014). Companies are recognising the marketing potential of ‘green’ initiatives and are working towards carving a new niche for themselves in the market for consumers with environmental concerns (Schubert et al., 2010). There is greater environmental awareness, observable from the increased use of eco-labels on products, as evidence of certification (Pirani & Arafat, 2014). There are many different green practices that can be executed in restaurants, including energy efficiency, water efficiency, recycling, sustainable food and pollution prevention (Namkung & Jang, 2013). Indoor air pollution is also an issue for restaurant operations, especially with regard to second-hand tobacco smoke in enclosed spaces. One study pointed out that employees in this industry face an increased risk of lung cancer due to passive exposure to smoke. A hurdle that restaurateurs face in incorporating green practices in their daily operations is that the consumers’ preferences, attitudes, perceptions of green products, and their willingness to pay for green restaurant products, remain unclear (McManus, 1996; Namkung & Jang, 2013; Schubert et al., 2019). The explosion of academic literature that discusses environmentally friendly practices within this sector is a response to the need within the industry to understand its responsibility. Wang (2012, p. 237) lists the following ways in which green practices can be utilised in the restaurant: Recycling and composting food waste help to reduce the amount of waste and improve soil. Efficient energy and water equipment that may be utilised in the kitchen, dining and restroom. Eco-friendly cleaning supplies and packaging Menu sustainability / sustainable food: This refers to a menu of organic food, grown with non-toxic pesticides and fertilisers, or a menu of locally grown food, without necessarily transporting the food long distance, with the risk of exposing the environment to air pollution from emissions from transporting machines.
You have identified the business problem in the answer to the question above. How would you now take the next step and identify the research problem that may have led to the "literature review"?
Identify and state a research problem in the correct format. (10)
Answers
The research problem revolves around understanding the influence of consumer preferences and willingness to pay for environmentally friendly products on the adoption of sustainable practices in the restaurant industry. It aims to explore the extent to which consumer behavior affects the implementation of green initiatives such as recycling, energy and water efficiency, sustainable food sourcing, and eco-friendly cleaning practices in restaurants.
By investigating consumers' attitudes, perceptions, and their willingness to pay for green products, this research problem seeks to shed light on the barriers and motivations that restaurateurs encounter in integrating sustainable practices into their operations.
Ultimately, it aims to provide insights into the relationship between consumer demand and the adoption of sustainable measures, contributing to a better understanding of the role consumers play in driving sustainability in the restaurant industry.
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Manufacturing overhead is applied with a debit to ______.a) Manufacturing overheadb) Cost of goods soldc) Work in processd) Accounts payable
Answers
Manufacturing overhead is deducted from work in progress.
When manufacturing overhead is imposed, which account is debited?
Overhead charges are debited from the overhead account when they are incurred. The overhead account receives credit for overhead costs incurred during production in the work-in-process account. If manufacturing overhead has a negative balance, it is underapplied, and the resulting cost of goods sold is overstated. If manufacturing overhead has a credit balance, the overhead is overapplied, and the final cost of goods sold amount is inflated.
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Which of the following is a “DON’T” regarding scannable résumés?
a.
Print on white paper with black ink
b.
Use special characters like italics and underlining
c.
Add spaces before and after slashes
d.
Use a clean and neat overall format
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
B
Explanation:
took it on edge2020 :)
When it comes to scannable resumes, it is not recommended that you b. Use special characters like italics and underlining.
How should scannable resumes be designed?Because they are to be scannable, they are not to have complicated characters that might be unscannable such as special characters and underlining.
They should be printed on white paper using black ink only, and should have a format that is best described as being neat and clean.
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Organizational values that have become so taken for granted over time that they become assumptions that guide organizational behavior are called: Multiple choice question. basic underlying assumptions observable artifacts espoused values enacted values
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Organizational values that have become so taken for granted over time that they become assumptions that guide organizational behavior are called basic underlying assumptions.
Basic underlying assumptions are deeply ingrained beliefs and values that form the core of an organization's culture. They are often unconscious and unquestioned, serving as the foundation for decision-making and actions within the organization. These assumptions shape how employees perceive and interpret situations, influencing their behavior and organizational practices. Unlike observable artifacts (visible elements of culture), espoused values (stated beliefs and aspirations), and enacted values (values put into action), basic underlying assumptions are the deeply embedded and often implicit beliefs that form the essence of an organization's culture.
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how was the ticda target audience different from the original target audience identified at launch? why is this important to overall company growth and market strategy success?
Answers
Target market segmentation ensures the company reaches the right audience with the right message.
The largest demographic you wish to offer your goods or services to is your target market. The largest group of customers and consumers you can contact is this one. Within the target market, the target audience is a more focused demographic. Before creating a marketing plan, conduct market research on your target market to better understand your consumers' and clients' demands.You can learn how to change each of the 4 Ps (Price, Place, Promotion, and Product) to generate value for your clients and distinguish your product in the marketplace by creating a marketing plan that incorporates demographic research as well as spending and purchasing goals and strategies.
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Please explain to me what interest rate is please im super confused :)
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Answer: An interest rate is the percentage of principal charged by the lender for the use of its money. The principal is the amount of money loaned. Interest rates affect the cost of loans. ... The Federal Reserve manages interest rates to achieve ideal economic growth.
Explanation:
which of the following statements is true? check all that apply. people who work in teams use self-reliance and competition to get their work done. people who work in teams put aside individual interests in favor of group unity. teams are more effective when all of their members have the same background knowledge. teams who are working on complex problems should have members with different specialties.
Answers
The following statements are true: people who work in teams use self-reliance and competition to get their work done and teams are more effective when all of their members have the same background knowledge. The other two statements are false.
People who work in teams should not put aside individual interests in favor of group unity, as individual interests and skills can help teams accomplish their goals.
Instead, teams should work together collaboratively to combine their individual interests and skills in order to achieve a common goal.
Additionally, teams who are working on complex problems may benefit from having members with different specialties, but it is not necessarily the case that all team members must have different specialties in order to be effective.
Working in teams can be beneficial for many reasons. First, teams provide a supportive environment for members to draw on each other’s skills, knowledge, and experience to complete tasks.
Additionally, teams can help reduce stress and increase morale by providing a sense of camaraderie and mutual support. Teams can also help to increase efficiency and productivity by allowing members to divide tasks among each other and to check each other’s work.
Finally, teams can help to build problem-solving skills by encouraging members to work together to solve difficult problems.
In order for a team to be successful, it is important for team members to be self-reliant and competitive. Self-reliance allows team members to work independently on tasks, while competition encourages them to work hard and complete tasks efficiently.
At the same time, team members should also be aware of each other’s skills and abilities and be willing to collaborate in order to complete tasks.
Additionally, teams should ensure that all members have the same background knowledge so that they can work together effectively. Finally, teams should also consider incorporating different specialties in order to work on complex problems.
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Is region of the world where a country is located associated with a country's GDP? Please address this question by using SPSS and a One-Way ANOVA to statistically analyze the following two variables"
Answers
To determine if the region of the world where a country is located is associated with a country's GDP, a One-Way ANOVA can be performed using SPSS. This statistical analysis will allow us to assess if there are significant differences in GDP among different regions.
To conduct the analysis, we need two variables: "Region of the World" and "GDP." The "Region of the World" variable should consist of categorical data indicating the region where each country is located (e.g., Americas, Europe, Asia). The "GDP" variable should contain numerical data representing the GDP values for each country.
Using SPSS, we can perform a One-Way ANOVA test, which will assess whether there are significant differences in GDP means across the different regions. The ANOVA test will generate an F-statistic and associated p-value. If the p-value is below a predetermined significance level (e.g., 0.05), we can conclude that the region of the world is associated with the country's GDP.
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How would you describe the dangers of debt to a friend?
Answers
Answer:
I would explain to them that the danger of debt. Can lead to credit going down. When you don’t pay your debt, and you get behind your credit can go down
Which factors can affect a stock's price? Check all that apply.
market performance
the company's financial health
the quantity products produced
location of the company
the economy
Answers
Answer:
market performance
the company's financial health
the economy
Explanation:
Stocks or shares represent small units of ownership in a business. The stocks of a public limited company are traded in the stock exchange markets. Investors trading shares are guided by the potential to make profits in deciding what shares to buy.
Share that shows signs of good returns attract many buyers. Investors will focus on a company's financial health as presented in financial statements, the overall state of the economy, and the general market performance to evaluate profits potential. If the conditions are favorable, a stock price will always be rising and present opportunities for profits.
Answer:
1, 2, 5
Explanation:
Brainliest and 50 points!!!
Why would an employer ask about an applicant’s honors, awards, and activities?
Respond in 3-4 well written sentences:
Answers
Answer:
Explanation:
To show that you have special skills and what your areas of expertise are.
Answer:
There are multiple reasons employers would want to know about honors, awards, and activities. The first reason is to see if you are hard-working or not, if you have many awards and whatnot, employers will see that you have a good drive to get things done, clubs and activity you’ve participated in shows that you’re a team worker. It can also show your areas of expertise and can show your special skills and abilities.
Explanation:
I took the last part from the other answer but I do flvs career research and this was correct for me
Complete the following. (Value: 2 x 5= 10 marks) The following interoffice messages are too long and too formal to be effective as electronic transmissions to others on the same computer network. Revise each message to make it direct and less formal-that is, appropriate for electronic communication. Make sure that each message contains 50 or fewer words in one paragraph. 1. In an effort to stimulate sales, we are hosting demonstrations for special clients here in the Eastern Region. In Ontario, we will sponsor a demonstration in Niagara Falls, one in Oshawa, and one in Ottawa. These three demonstrations will be held in March. In New Brunswick, we plan to sponsor two demonstrations. One will be held in Edmundston; the other will be in Saint John. These demonstrations are tentatively scheduled for April. In Québec, the demonstrations will be in Hull and Montreal-tentatively set for May. A schedule of dates and times is forthcoming. We will distribute the "final" schedule of demonstration times and dates, as well as the names of the hotels, during the next month or so. 2. Many employees have been requesting information concerning extended medical benefits for themselves and their families. Connors Worldwide Insurance, which provides our employees with their company-paid insurance has several attractive packages available to any interested employee at reasonable costs. Employees who are interested can pay the cost of premiums through payroll deductions. If you feel that you might need some additional insurance above and beyond what the company now offers, by all means be sure to get more information on the specific packages available and the cost of each. For more information, contact Gretchen Heinz in the Benefits Department. Gretchen's extension is 4384.
Answers
The following interoffice messages are too long and too formal to be effective as electronic transmissions to others on the same computer network.
1. We're hosting demos for select clients in the Eastern Region. In Ontario, demos will be held in Niagara Falls, Oshawa, and Ottawa in March. In New Brunswick, we'll have 2 demos in April - Edmundson and Saint John. In Québec, we'll host demos in Hull and Montreal tentatively in May. Dates and times are coming soon.
2. Many employees want information on extended medical benefits. Connors Worldwide Insurance has attractive packages available at a reasonable cost. If you're interested, you can pay premiums via payroll deductions. If you want more information, contact Gretchen Heinz in Benefits. Gretchen's extension is 4384.
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Furtastic manufactures imitation fur garments. On June 1, 2021, Furtastic made a sale to Willett’s Department Store under terms that require Willett to pay $200,000 to Furtastic on June 30, 2021. In a separate transaction on June 15, 2021, Furtastic purchased brand advertising services from Willett for $22,000. The fair value of those advertising services is $10,000. Furtastic expects that 2% of all sales will prove uncollectible. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Answers
Answer and Explanation:
The Journal entry is presented below:-
1. Accounts receivable Dr, $200,000
To Sales revenue $200,000
(Being sales revenue is recorded)
2. Advertising expense Dr, $10,000
Sales revenue Dr, $12,000
To Cash $$22,000
(Being expenses is recorded)
Cash Dr, $200,000
To Accounts Receivable $200,000
(Being cash receipt is recorded)
Click this link to view O*NET’s Tasks section for Municipal Firefighters. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Municipal Firefighters? Check all that apply. directing traffic at accident sites analyzing evidence of criminal activity guarding crime suspects until they can be arrested searching burning buildings to locate victims rescuing victims from burning buildings and accident sites administering first aid and cardiopulmonary resuscitation to help injured people
Answers
Answer:
it's D E F
Explanation:
Answer:
i got abd on edg
Explanation:
GDP is defined as:
A. Gross Domestic Product
B. Sum of consumer purchases over a period of time
C. Business Investment
D. Government investment
E. all of the above
Answers
Answer:
Gross Domestic Product.
Answer:
Gross domestic product
A Sign That Ethics Has Become A Primary Concern For Boards Of Directors Is That Multiple Choice Directors Area. More Often Chosen For Their Political Connections Than For Their Expertise b. Modern Executive Compensation Is Closely Linked To The Firm's Employee Retention Rate. C. Poor Financial Performance Is The Most Common Reason For CEOs To Be Fired Saved Help
Answers
Modern executive compensation is closely linked to the company's employee retention rate.
To elaborate: Ethical behavior toward employees is one of the primary responsibilities of the Board of Directors. They shouldn't be fired for little things. They should be given a chance to grow and develop.
2. the environment in which a manager works In addition to their social and ethical responsibilities, managers need to be aware of the environment in which they operate. If the business is to be viable and successful in the long run, they must take into account all of these factors.
What does "Board of Directors" mean?A board of directors is a group of people who represent the interests of shareholders. In addition, it offers advice to an organization's chief executive officer and executive team. A board provides general oversight of operations without getting involved in the day-to-day operations.
The hiring of the company's CEO or general manager and the evaluation of the company's overall strategy and direction are the board of directors' primary responsibilities. The CEO or general manager is responsible for hiring all other employees and overseeing the business's day-to-day operations.
The majority of the board of directors consists of the chief executive officer and occasionally other senior managers, as well as board members who are not otherwise associated with the company. The most common definition of an inside director is an employee of the company, though significant shareholders may also be included from time to time.
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Francisco started a new job and wants to open a retirement account. He has heard about 401k and 403(b) accounts for retirement. His new job will only allow him to have a 403(b) account. What is the MOST likely reason for this? A. Francisco is a salesperson at a clothing shop. B. Francisco is a CEO of a Fortune 500 company. C. Francisco is a government employee. D. Francisco is an investment banker.
Answers
The MOST likely reason for Francisco's new job allowing him to have only a 403(b) retirement account is C. Francisco is a government employee.
Francisco, as a government employee, may be working in a public school. Under section 501(c) of the IRS code, Francisco's organization is a nonprofit, which is tax-exempt.
Thus, the main reason that Francisco can open a 401(k) but a 403(b) retirement account is because he is working in a 501(c) tax-exempt organization.
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Francisco is a government employee.
6. This paycheck method can have many fees associated with it (1 point)
Paper Paycheck
Direct Deposit
Payroll Card
Answers
Answer:
Paper Paycheck
if saving exceeds investment demand, and consumption is not a function of the interest rate:
Answers
If saving exceeds investment demand and consumption is not a function of the interest rate, it suggests that there is an excess supply of loanable funds in the economy.
In other words, individuals and businesses are saving more than they are willing to invest. This can happen for various reasons, such as low consumer confidence, a pessimistic business outlook, or limited investment opportunities. In this situation, the interest rate tends to decrease as lenders compete to attract borrowers. Lower interest rates can incentivize borrowing and investment, helping to bring the saving and investment levels back into balance. However, since consumption is not influenced by the interest rate, it is unlikely to have a direct impact on stimulating demand. It is worth noting that in the real world, consumption is often influenced by factors such as income, wealth, and consumer expectations, which can be influenced by the interest rate indirectly. Therefore, the assumption that consumption is not a function of the interest rate is an oversimplification.
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Which TCF checking account fee is the most expensive?
Answers
Answer:
Explanation: it’s o stop payment fee
chavez corporation reported the following data for the month of july: inventories: beginning ending raw materials $27,000 $30,000 work in process $16,000 $17,000 finished goods $32,000 $47,000 additional information: raw materials purchases $66,000 direct labor cost $91,000 manufacturing overhead cost incurred $59,000 indirect materials included in manufacturing overhead cost incurred $ 8,000 manufacturing overhead cost applied to work in process $58,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the cost of goods manufactured for july is:
Answers
The cost of goods manufactured for July is $219,000.
To calculate the cost of goods manufactured for July, we need to use the following formula:
Cost of Goods Manufactured = Direct Materials + Direct Labor + Manufacturing Overhead + Beginning Work in Process - Ending Work in Process
Direct Materials = Beginning Raw Materials + Purchases - Ending Raw Materials
= $27,000 + $66,000 - $30,000
= $63,000
Direct Labor = $91,000
Manufacturing Overhead = Applied Manufacturing Overhead + Indirect Materials Incurred
= $58,000 + $8,000
= $66,000
Beginning Work in Process = $16,000
Ending Work in Process = $17,000
Now we can calculate the cost of goods manufactured:
Cost of Goods Manufactured = $63,000 + $91,000 + $66,000 + $16,000 - $17,000
= $219,000
Therefore, the cost of goods is $219,000.
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True or False: Secondary data is usually more expensive than collecting primary data.
Answers
The statement that secondary data is generally more expensive than primary data collection is False.
Indeed, primary data is very expensive while secondary data is economical. When working with a small budget, researchers benefit from working with secondary data and then analyzing it to discover new trends.
What is Primary and Secondary data?Primary data is first-hand data collected by the researcher himself. Primary data is “pure” in the sense that no statistical operation has been performed on it and that it is original.
Secondary data on the other hand is a type of data that comes from somewhere it was originally collected. This means that this type of data has already been collected by some scholars or researchers in the past and is available in published or unpublished form. This information is impure because it may have already been the subject of statistical processing.
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What does a good credit history do for consumers?
A. It helps them reduce their housing costs.
B. It allows them to get debit cards,
C. It makes it easier for them to get loans.
D. It keeps prices low.
SUBMIT
Answers
Answer:
C. It makes it easier for them to get loans.
Explanation:
Credit history shows how reliable a borrower is in repaying loans. A good credit history indicates that a person pays their debts on time. A customer with a good credit history manages their income and debts properly and is considered a low-risk borrower.
Lenders are always willing to offer credit facilities to customers with a good credit history. They view them as less likely to default on their debts.
can someone answer me this please
Answers
Answer:
Higher fixed costs and Deteriorating net cash flow postion
Explanation:
When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answers
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.
What will be the end result for the taxpayer who filed his federal income tax return.
Answers
If your federal gross income was $12,950 or more and you're under 65, you must submit a single status tax return. If your federal gross income was $14,700 or more and you are 65 years of age or older, you must file.
What is the status of federal filing?
Determines the tax rate applied to income. Head of household, married filing jointly, married filing separately, single, and qualified widow(er) with dependent child are the five filing statuses. A tax year is the 12-month period of time that a tax return covers. The tax year for people in the US is from January 1 to December 31 and includes taxes due on income earned during that time. The Where's My Return? feature is the easiest method to find out if you've received a tax refund. After receiving an e-filed return, taxpayers have 24 hours to start monitoring the status of their refund. After the return is processed and a refund is approved, the program also offers a customized refund date.
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Friedman Roses Inc. needs $65,000 in funds for expansion. With a compensating balance requirement of 20%, how much will the firm need to borrow?
Answers
Considering the compensating balance requirement of 20%, Friedman Roses Inc. will need to borrow $81,250 to secure the necessary funds for their expansion plans.
To calculate how much Friedman Roses Inc. will need to borrow, we need to take into account the compensating balance requirement of 20%. The compensating balance requirement is the portion of the loan that the bank requires the borrower to hold in a non-interest-bearing account. It is typically a percentage of the total loan amount.
To determine the amount to borrow, we need to calculate the total funds needed by Friedman Roses Inc. (which is $65,000) and divide it by (1 - compensating balance requirement).
In this case, the compensating balance requirement is 20%, so we need to divide $65,000 by (1 - 0.20) to find the amount to borrow.
Calculating (1 - 0.20):
1 - 0.20 = 0.80
Dividing $65,000 by 0.80:
$65,000 / 0.80 = $81,250
Therefore, Friedman Roses Inc. will need to borrow $81,250 in funds for expansion, taking into account the compensating balance requirement of 20%.
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Reserves are funds set aside for emergencies, such as a rush of withdrawals. true or false
Answers
Answer:
true and False. not only that.
Explanation:
please do your research, also used for economic dis stress and so on. Hope I gave you a helping hand!