Answer:
The correct answer is then it has required reserves of $110 and holds excess reserves of $190.
Explanation:
According to the scenario, computation of the given data are as follows:
Total deposit = $1,000 + $100 = $1,100
So, we can calculate the total reserve required by using following formula:
Total reserve required = 10% × Total deposit
= 10% × $1,100 = $110
And Previous excess = $100
Current access = $90
So, Excess reserve = Previous excess + Current access
= $100 + $90
= $190
Answer:
The correct answer is c. non equity strategic alliance.
Explanation:
A "non-equity alliance" is that type of alliance through which, when making an investment, the assignment of obligations and profits is established in advance, this, in accordance with a previously stipulated agreement. Under this type of alliance, each of the entities operates individually, preserving its same organizational structure and without any shareholder control of one of the allies over the other.
Complete question:
Bressler’s would like to sell 600shares of stock using the Dutch auction method. The bids received are as follows:
Bidder Quantity Price $
A 100 818
B 300 17
C 400 16
D 700 15
The bids received are as follows: Bidder A will receive _____ shares and pay a price per share of ____.
Solution:
Bidder A's quantity = [600 /(100 + 300 + 400)] ×100
= 75 shares
All successful bidders will pay $16 a share
The bids received are as follows:
Bidder A will receive 75 shares and pay a price per share of $16 .
A Dutch auction is a trading system (such as an initial open bid) whereby the stock price offered is reduced before appropriate offers are available for selling all shares. Each stock is then sold at that price.
Answer:
Explanation:
As we know that time interest earned ratio = Income before interest and taxes / interest expense.
Sales = 546000
less: cost of goods sold = (<u>244410</u>)
Gross profit 301590
Less: <u>expenses</u>
Depreciation expense =( <u>61900 </u>)
Profit before interest and taxes 239690
Less: tax
(239690 * 23%) = (<u>55128</u>)
Profit 184562
Profit - Retained earning Addition = Interest
184562 - 74300 = 110262.
Interest earned ratio = 239690 / 110262 = 2.17 times