What amount of excess reserves can the bank safely lend

Assignment Help Accounting Basics
Reference no: EM133091321

Question - Assume that a bank must keep reserves of 10% against deposits. The bank receives a primary deposit of $70,000. What amount of excess reserves can the bank safely lend?

Reference no: EM133091321

Questions Cloud

How much should be reported as interest expense : Rose Corporation had an overdue 8% note payable to BPI Bank at P9,000,000 and accrued interest of P720,000. How much should be reported as interest expense
Determine the company cash conversion cycle : Determine the company's cash conversion cycle (CCC). Based on the result, comment about the company's condition with a supporting example
Rise of various social media platforms : The surge of internet usage and digital technology has led to the rise of various social media platforms.
Calculate the amount of interest earned : Calculate the amount of interest earned in 2 years and 6 months on P68,400 deposited in an account paying 11.?% interest, compounded monthly
What amount of excess reserves can the bank safely lend : The bank receives a primary deposit of $70,000. What amount of excess reserves can the bank safely lend
Core values that best describe americans today : What do you think are the core values that best describe Americans today? Describe three values that best describe Americans today.
Calculate the sales-mix variance for each product : Alum manufactures aluminum strips for commercial building construction. Calculate the sales-mix variance for each product and in total
Elevator pitch : Your boss needs you to summarize the key elements of your marketing plan before she attends the next corporate board meeting.
How many days was mac charged? interest : Mac's credit card statement included ?$2215.00 in cash advances and $155.91 in interest charges. For how many days was Mac charged? interest

Reviews

Write a Review

Accounting Basics Questions & Answers

  On january 2 2013 bering co disposes of a machine costing

on january 2 2013 bering co. disposes of a machine costing 44000 with accumulated depreciation of 24625. prepare the

  Which tax between taxable income and pretax accounting

Which tax effect of differences between taxable income and pretax accounting income attributable to undistributed earnings of Jones Corporation should be

  Clean all inc sells washing machine with a three

clean all inc. sells washing machine with a three yearwarranty. in the pastclean all has found that in the year

  What will the bonds sell for today

The coupon rate on this bond is 7.8 percent with a face value of $1,000. If the market rate for such bonds is 7 percent, what will the bonds sell for today

  Firms expected rate of return

Taggart Inc.'s stock has a 25% chance of producing a 30% return, a 50% chance of producing a 12% return, and a 25% chance of producing a -18% return. What is the firm's expected rate of return?

  Create a brief outline that showcases the flow

Explain how Cedar Falls follows the Government Accounting Standards Board (GASB) Statement No. 34. Create a brief outline that showcases the flow.

  Prepare an adjusted trial balance using given information

Preparing an Adjusted Trial Balance, Closing Journal Entries, and Post-Closing Trial Balance Dell is the world's largest computer systems company selling direct

  Go to the coso web site and locate the guidance

Go to the COSO web site and locate the guidance on enterprise risk management. The executive summary of the article Enterprise Risk Management Integrated Framework can be downloaded at no cost.

  Compute the company manufacturing cycle time

Oakwood Company produces maple bookcases to customer order. Compute the company's manufacturing cycle time

  What is the amount of gross profit realized

Relative Sales Value Method During 2011, Crawford Furniture Company purchases a carload of wicker chairs. What amount of gross profit realized during 2011

  Your family members know youre taking this class and you

your family members know you are taking this class and you learned about time value of money. four of them came

  Show a check of the amount recorded for the new machine

Nonmonetary exchange has a machine that cost $850.000 on March 20, 2014. Show a check of the amount recorded for the new machine

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd