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Question 1: Consider the T-account for Rosa's bank, the Olympia Credit Union. Show how the direct deposit of $1,500 (drawn on her employer's bank) into Rosa's checking account affects the bank balance sheet. First, show how this transaction affects Olympia Credit Union's liabilities. Then, show how this transaction affects the bank's required reserves. Finally, calculate the excess reserves. Be sure to use minus (-) signs to indicate decreases.
Question 2:
Consider the T-account for the employer's bank, Washington National. Show how the direct deposit of $1,500 to Rosa (deposited into her bank) drawn on her employer's checking account affects Washington National Bank's balance sheet. First, show how this transaction affects Washington National's liabilities. Then, show how the transaction affects its reserves. Be sure to use minus (-) signs to indicate decreases.
objective of financial reporting by business enterprises and Short term investment would be classified as an assets and would appear on the income statement
What is this contract worth today if the firm can earn 7.2 percent on its money?
Briefly explain why each of these stakeholder groups needs skill in financial statement analysis and Trent's income statements for 2006 and 2007
Determine the following Contribution margin, break even, targeted profit and Gilley, Inc., sells a single product.The company's most recent income statement.
Woody's Cafe Real Estate tax of $1,110.85 was due on November 1, 2011. Due to financial problems Woody was unable to pay his cafe real estate tax bill until January 15, 2012. The penalty for late payment is 8 1/4% ordinary interest.
Abbey Co. issued a credit memo for $2,500 for merchandise returned that originally cost $1,800. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co.?
Research this question and can not find a set forth answer list of countries that have adopted IFRS and how cultural differences can impact interpretation of IFRS.
Compute and interpret the volume and management variance on the cost side. How are the variance calculated above related?
Demand and rental revenues for vans are relevantly consistent through the vehicle life, regardless of condition or appearance. The vans are disposed of only when they are completely worn out. The vans are generally completely worn out once they ha..
Below are ratios for two companies which operate in the same industry - Evaluate the companies as a potential investment based on the given ratios.
rumblebuffin company was organized on january 1. during the first year of operations the following plant asset
1. a bond with a 5 percent coupon 50 a year that matures after eight years is selling for 779. what is the yield to
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