Answer:
-$51,500
Explanation:
Calculation for cash flows from investing activities
Cash used for purchasing mining equipment -64,000
Cash provided from sale of equipment $21,600
Purchase of company vehicle -$9,100
Cash used by investing activities -$51,500
Therefore the cash flows from investing activities will be -$51,500
Using relevant examples discuss the five most important variables that may cause the market for
demand curve for labor to shift?
I will give brainliest
Answer:
An increase or decrease in the quantity demanded is shown as movement along the demand curve and is due to a change in price as shown in the graph on the prior page. An increase or decrease in demand is shown by a shift in the demand curve. A change in the demand of a good or service is caused by something other than a change in the price of a good or service.
Explanation:
When the demand curve shifts upward and to the right, it is indicative of an increase in demand
When the demand curve shifts downward and to the left, it is indicative of an increase or decrease in demand.
Demand: Demand Explanation
increases or decreases?
Population increases I There are more opportunities to buy
and sell.
Population decreases D There are fewer opportunities to
buy and sell.
Increase in most people I When income goes up, people have a s’ income greater ability to buy.
Decrease in most peoples’ D When income goes down, people have a
income diminished ability to buy.
Price of substitute increases I As the price of a substitute increases,
the demand for the product under study
increases. (If consumers have substituted
fish for meat, and the price of fish goes
up, the demand for meat will increase.)
Silver Star, a construction company, uses a distinctive seven-pointed star that is part of its brand. This star is an example of a
A construction company called Silver Star employs a striking seven-pointed star as part of its branding. An illustration of an abstract logo is this star.
What is an abstract logo?Marketing experts claim that businesses employ brand names to help potential buyers remember their names. However, a marketing logos campaign that helps clients recall the companies' names is successful.
A geometrically complex shape that conceptually represents your company instead of an identifiable symbol or image is known as an abstract logo. More crucially, abstract logos can add more meaning to an image, turning yours into a distinctive, lively brand.
Learn more about logos, from:
brainly.com/question/15726501
#SPJ1
CHECKPOINT QUESTION
Which of the following statements about gossip in the organization is TRUE?
Only small amounts of information are carried on the grapevine of workplace
gossip.
Employees rely on each other for important information more than they rely on
their bosses.
Managers are excluded from using the grapevine to communicate or respond to
messages.
The grapevine can be used to prevent individual agendas and potential
miscommunications.
Answer:
Only small amounts of information are carried on the grapevine of workplace
gossip.
Explanation:
Grapevine is referred to as the circulation of unofficial information and rumors. Most of the communications in an organization is carried out through grapevine. It is informal communication of messages and information and also gossips in an organization. The grapevine communications carries more of accurate information than gossips. Only a small portion of the information consists of gossips in the functional grapevine.
A team leader sees that a colleague is struggling to finish a project because he has his son’s upcoming biopsy on his mind. She sits down to ask him how he is feeling about the procedure. This is an example of consideration behavior. true or false?
It is true that if a A team leader sees that a colleague is struggling to finish a project because he has his son’s upcoming biopsy on his mind. this is a consideration behavior.
What is a consideration behavior?
This is the term that is used to refer to all of the behaviors that can be considered to be supportive and also friendly to other people. This is the person that seeks and tries to understand other people.
Hence the way that the leader goes about to talk to the colleague on the issue that he is facing in his family tells us that she is a considerate person.
Read more on considerate behavior here
https://brainly.com/question/26769473
#SPJ1
Kay is working with Charity to help Charity identify the type of career she wants and what steps to take to realize her goals. Kay and Charity are: A. in the development phase of career planning. B. working through an organizational assessment. C. conducting a self assessment of Charity. D. in the direction phase of career planning.
Answer:
I would say the answer is C. conducting a self assessment of Charity.
Explanation:
They're trying to determine what career Charity wants and the goals she might have in order to achieve it. So before they can make any real decisions, they need to assess Charity's character, and what she wants first.
Hope this makes sense. Also please let me know if I'm somehow wrong :)
The rate of unemployment when the economy is not in recession, meaning it is producing full-potential GDP, is called the natural rate of unemployment (u*). If the rate of unemployment is below this, the economy is experiencing BLANK cyclical unemployment.
Fill in the Blank:
Negative or Positive?
Answer:negative
Explanation:
I just got it right
Maher Inc. reported income from continuing operations before taxes during 2020 of $790,000. Additional transactions occurring in 2020 but not considered in the $790,000 are as follows. 1. The corporation experienced an uninsured flood loss in the amount of $90,000 during the year. 2. At the beginning of 2018, the corporation purchased a machine for $54,000 (salvage value of $9,000) that had a useful life of 6 years. The bookkeeper used straight-line depreciation for 2018, 2019, and 2020, but failed to deduct the salvage value in computing the depreciation base. 3. Sale of securities held as a part of its portfolio resulted in a loss of $57,000 (pretax). 4. When its president died, the corporation realized $150,000 from an insurance policy. The cash surrender value of this policy had been carried on the books as an investment in the amount of $46,000 (the gain is nontaxable). 5. The corporation disposed of its recreational division at a loss of $115,000 before taxes. Assume that this transaction meets the criteria for discontinued operations. 6. The corporation decided to change its method of inventory pricing from average-cost to the FIFO method. The effect of this change on prior years is to increase 2018 income by $60,000 and decrease 2019 income by $20,000 before taxes. The FIFO method has been used for 2020. The tax rate on these items is 30%.
Required:
Prepare an income statement for the year 2020 starting with income from continuing operations before taxes.
The preparation of the income statement for the year ended December 31, 2020, for Maher Inc., is as follows:
Maher Inc.
Income StatementFor the year ended December 31, 2020:
Income from continuing operations before taxes $790,000
2. Overstated depreciation expense 4,500
6. Net change in profit (inventory method) 40,000 44,500
Adjusted income from continuing operations $834,500
5. Loss from discontinued operations (115,000)
Adjusted income after discontinued operations $719,500
Other events:
1. Uninsured flood loss ($90,000)
3. Loss from sale of securities (57,000) (147,000)
Adjusted taxable income $572,500
Taxes (30%) (171,750)
4. Non-taxable Gain from cash surrender value 104,000
Adjusted net income after taxes $504,750
What is the adjusted net income?The adjusted net income takes into account all the tax-deductibles and income from all sources.
Data and Calculations:2020 Income from continuing operations before taxes = $790,000
Transactions:
1. Uninsured flood loss = $90,000
2. Value of machine = $54,000
Salvage value = $9,000
Depreciable amount = $45,000 ($54,000 - $9,000)
Estimated useful life =6 years
Annual straight-line depreciation expense = $7,500 ($45,000/6)
Overstated depreciation expense = $4,500 ($1,500 x 3)
3. Loss from sale of securities = $57,000
4. Non-taxable Gain from cash surrender value = $104,000 ($150,000 - $46,000)
5. Loss from discontinued operations = $115,000
6. Net change in inventory method = $40,000 increase ($60,000 - $20,000)
Tax rate = 30%
Learn more about income from continuing operations at https://brainly.com/question/5007419
Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP
A 37.65% equity for each limited partnership (and the total) for the year using the above data from Rugged Sports Enterprises LP.
What is partnership?The state of being a partner is referred to by the term partnership. A partnership is a type of business concern in which two or more persons share control as well as administration of the company and the financial gain or losses bring forth by the business.
Rugged Sports Enterprises LP is organized as a limited partnership:
Hockey LP:
Annual net income is $36,664
average equity = ($345,000 + $381,664) ÷ 2
average equity = $363,332return on equity= $36,664 ÷ $363,332
return on equity = 10.09%Football LP:
Annual net income is $751,612
average equity = ($1,414,500 + $2,046,112) ÷ 2
average equity = $1,730,306return on equity = $751,612 ÷ $1,730,306
return on equity = 43.44%Annual net income is $788,276
average equity=($1,759,500+ $2,427,776) ÷2
average equity = $2093638return on equity = $788276 ÷ $2093638
return on equity = 37.65%As a result, the conclusion of the partnership are the aforementioned.
Learn more about on partnership, here:
https://brainly.com/question/19988417
#SPJ9
Your question is incomplete, but most probably the full question was.
Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Hockey LP Football LP Total Beginning-year balance $ $345,000 $1,414,500 1,759,500 Annual net income 36,664 751,612 788,276 Cash distribution — (120,000 ) (120,000 ) Ending-year balance $ 381,664 $ 2,046,112 $ 2,427,776 Compute partner return on equity for each limited partnership (and the total) for the year using the above data from Rugged Sports Enterprises LP.
The collision repair industry does what volume of business per year? A. $1 million B. $10 Million C. $1 Billion D. $10 Billion
Answer: D. $10 Billion
Explanation:
The United States has a large economy with a very large number of cars which was estimated to be around 280 million in the last quarter of 2019. With these many cars it would be improbable that there would not be quite a number of accidents and there are. In the year 2018, around 12 million cars were involved in motor accidents.
With such a staggeringly high number of cars involved in collisions, it is no wonder that it is estimated that the collision repair industry does around $10 billion worth of business every year.
Regarding the income and output pies which of the following is correct?
If the income line shifts to the left the output line shifts the right.
If the income line shifts to the right the output line shifts to the right
If the income line shifts to the right the output line shifts to the left.
If the income line shifts to the left the income line advances to the right.
Answer:rtt
tyeryeertertetetertetertetetertet
Explanationeye:bgbfh
trtretertertertertreyeyherjtnetyhrtntnthyrhtymytytrewtfghtnrhretwerythytyryrhretyhrgh3ghr54rtyhy534rtyh43rthnr43tg5r4gh543tr543rg453trg54rtg544
5y54yu544444rhgf
fhetherhaethetjehyehyetertet
etetertretertertretretreterterttreterterterttretttertertretertreterterter
tretetertertretreteteteterterteettertertetetertetertreter
Revenue is:
A. the amount of money a company has left over after paying bills
B. The amount of money a company pays its employees.
C. The amount of money a company makes from sales.
D. the amount of taxes a company has to pay.
Answer: C. The amount of money a company makes from sales.
Explanation:
This is revenue by definition.
analyse how entrepreneurs could use culture on current e business platforms
Entrepreneurs could leverage culture on e-business platforms by incorporating cultural elements into their branding, marketing, and user experience.
What example best describes this?For example, they could use culturally relevant visuals, symbols, and language to appeal to their target audience. They could also tailor their products and services to meet the unique needs and preferences of different cultural groups.
Additionally, entrepreneurs could engage with their audience through culturally relevant content, such as blog posts, social media updates, and videos. By doing so, they can create a sense of community and foster a deeper connection with their customers.
Read more about entrepreneurs here:
https://brainly.com/question/353543
#SPJ1
Mel is thinking of going on a cruise. Mel values a cruise in nice weather at $2,000 and values a cruise in bad weather at $50. The probability of nice weather is 60% and the probability of bad weather is 40%. Trip insurance is sometimes available. If purchased, it allows travelers to delay the cruise until the weather is nice. If Mel is risk-neutral, then in the absence of trip insurance, the most she will be willing to pay for the cruise is _______. Select one: a. $1,200 b. $1,250 c. $1,220 d. $1,000
Answer:
Mel
If Mel is risk-neutral, then in the absence of trip insurance, the most she will be willing to pay for the cruise is _______.
c. $1,220
Explanation:
a) Data and Calculations:
Mel's value of a cruise in nice weather = $2,000
Mel's value of a cruise in bad weather = $50
Probability of nice weather = 60%
Probability of bad weather = 40%
Expected value:
Weather Outcome Probability Expected Value
Nice weather $2,000 60% $1,200
Bad weather $50 40% $20
Total expected value of a cruise $1,220
What is the difference between the price of a product
and the opportunity cost of a product?
Answer:
see below
Explanation:
The price of a product refers to the amount that a customer pays to acquire the product. It is the monetary value attached to the product. Price is the minimum amount of money that a supplier or seller accepts in exchange for goods and services.
Opportunity cost is the forfeited benefits for not selecting a particular option. Opportunity costs arise as people make choices between various alternatives. Once the preferred option has been selected, the next best alternative is the opportunity cost. The value of opportunity cost is the missed benefits from the next best alternative.
Which situation has become more common as a result of globalization?
A. Commercial banks making risky loans to businesses
B. Central banks directing monetary policy for countries
C. Consumers buying goods from other countries
D. Governments raising taxes on imported products
SUBMD
Answer:
The correct answer will be D
The correct option is D). Governments raising taxes on imported products.
What is globalization?Globalization is the process of interaction and integration among people, businesses, countries etc. on international level.
It is the growing interdependence of the world's economies, cultures, and population that is brought about by cross-border trade in goods, services, technology etc.
The common result of the globalization is that government start raising taxes on the imported goods.
Learn more about the globalization here:-
https://brainly.com/question/15283031
#SPJ2
1. Explain any three sources from which ideas emerge
Answer:
Explanation:
Creatividad, originalidad, imaginación
For which of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes?
Paid $2,000 to his or her father to help install a new fence out of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes. The correct option is D.
What is the meaning of household employer?You may be deemed a household employer if you pay wages to persons who work in or near your home. The table below contains a list of workers and whether or not they are considered home employees. A domestic employee may provide services on a temporary or part-time basis.
If you paid cash wages to a household employee who was liable to social security, Medicare, or FUTA taxes, or if you withheld federal income tax, utilize Schedule H (Form 1040).
Thus, the ideal selection is option D.
Learn more about Schedule H here:
https://brainly.com/question/16015163
#SPJ1
Your Question seems incomplete most probably your full complete was:
For which of the following situations is the taxpayer not required to file Schedule H - Household Employment Taxes?
A. Paid $2,400 in wages to a friend’s niece for housekeeping services
B. Paid $2,350 in wages to a neighbor for babysitting in his or her home
C. Withheld $100 in Federal income tax from payments to his or her yard worker
D. Paid $2,000 to his or her father to help install a new fence
Spencer, who itemizes deductions, had adjusted gross income of $60,000 for the current year. The following additional information is available for the year:
Cash Contribution to Church $4,000
Purchase of art object at church bazaar
(with a fair market value of $800 on the date of purchase) 1,200
Donation of used clothing to Salvation Army
(fair value evidenced by receipt received) 600
What is the maximum amount Spencer can claim as a deduction for charitable contributions in the current year?
Answer:
The maximum amount Spencer can claim as a deduction for charitable contributions in the current year is $5,000.
Explanation:
The following are the list of allowable deductions:
Cash Contribution to Church = $4,000
Excess of amount paid for art object at church bazaar over fair market value = $1,200 - $800 = $400
Fair market value used clothing donated to Salvation Army = $600
Total allowable deductions = Cash Contribution to Church + Excess of amount paid for art object at church bazaar over fair market value + Fair market value used clothing donated to Salvation Army = $4,000 + $400 + $600 = $5,000
The decision rule is that the total allowable deduction must be less than the 50% of adjusted gross income ceiling.
50% of adjusted gross income = Adjusted gross income * 50% = $60,000 * 50% = $30,000
Since the total allowable deductions of $5,000 is less than the $30,000 which is 50% of adjusted gross income, the maximum amount Spencer can claim as a deduction for charitable contributions in the current year is $5,000.
What type of information is required on a 1040EZ form? (Select the best answer.)
A. Your gross and net income for the previous year
B. A financial projection for the next year
C. Your bank statements from the previous year
D. A list of each purchase made in the previous year
Answer:
A. your gross and net income for the previous year.
Explanation:
took the test.
Incentive pay based on the quality of work done, years of service, or a company's sales:
a:net pay
b:wages
c:salary
d:bonus
Select the correct answer. Read this excerpt from a policy document that informs employees about payroll procedures: A) Each employee will submit a completed time sheet that shows the number of hours worked, sick time, and any vacation time taken. B) Managers must review each time sheet for accuracy and then sign it. The project director will then approve and sign each time sheet. C) If the company can’t directly deposit pay into employees’ bank accounts, the company will distribute payroll checks by 5 p.m. on the first Monday after the two-week pay period has ended. (D) The company will deduct taxes and benefits from pay. In which scenario would the company need to refer to the policy document?
The scenario where a policy document will be referred to will be D. The company will deduct taxes and benefits from pay.
A policy document simply means a formal document that is a legally binding document. It contains the instructions that determine how things are done in a organization.
Since the policy document informs employees about payroll procedures, it'll be applicable when the company will deduct taxes and benefits from pay.
Learn more about policies on:
https://brainly.com/question/10430105
What are the primary advantages to choosing a sole proprietorship?
The primary advantages to choosing a sole proprietorship is that there is no separate legal entity from the ownership.
What is sole proprietorship?Asole proprietorship serves as a type of business which is been owned and controlled by single entity, in this type of business, there is no partnership.
In this type of business, the ownership is the same with the legal identity.
Learn more about sole proprietorship at;
https://brainly.com/question/4442710
#SPJ1
Sales skills are beneficial for all the following reasons except:
Sales skill is not relevant for preparation of a company SWOT analysis.
Sales skills refers to skills which an individual must possess to excel in the sales industry.
Skills such as Active listening, Initiative, Empathy, Verbal communication skills, Time management, Critical thinking, Self-regulation are example of sales skills needed to excel in sales industry.Therefore, the skills to convince others that an idea makes sense, to show investors how a project or business will generate a return and to help employees understand the benefits of a new process are all example of sales skills.In conclusion, sales skills is not beneficial for writing a company's SWOT analysis because the analysis is an internal factor.
Learn more about Sales skills here
At the end of 2021, Larkspur Co. has accounts receivable of $653,700 and an allowance for doubtful accounts of $24,200. On January 24, 2022, it is learned that the company’s receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,245.
A) Prepare the journal entry to record the write-off.
Credit
Enter an account title Enter a debit amount Enter a credit amount
What is the cash realizable value of the accounts receivable before the write-off and after the write-off?
Before Write-Off After Write-Off
Cash realizable value $ $
Answer:
January 24, 2022, Madonna Inc.'c account is written off
Dr Allowance for doubtful accounts 4,245
Cr Accounts receivable 4,245
the cash realizable value of the accounts receivable account:
before the write off = $653,700 - $24,200 = $629,500after the write off = ($653,700 - $4,245) - ($24,300 - $4,245) = $629,500The net balance of the account does not change because the allowance for doubtful accounts is a contra asset account that already decreased the accounts receivable balance.
TRUE OR FALUSE
1) the accounting is identical to the finance
2) It is better for the company to own assets greater than the liabilities and owner-equity
3) The start of any company done by the operation, then the financing then the investing.
4) The cash flow statement contain the finance and investing activities only
5) The cash ratio used to measure the profitability of the company
6) It is a positive indicator to have a company have positive cash flow from investing activities
7) In order to obtain budgeted cash flow statement we have to make projected income statement and balance sheet
8) The net present value of any project must be positive to accept
Explanation:
1. FALSE, accounting and finance are related but different disciplines. Accounting focuses on recording, classifying, and reporting financial transactions, while finance deals with managing and investing money to maximize wealth.
2. TRUE, it is generally better for a company to have more assets than liabilities and owner's equity, as it indicates financial stability and solvency.
3. FALSE, the start of a company can involve any combination of operation, financing, and investing activities, and the order can vary depending on the business model and industry.
4. FALSE, the cash flow statement includes operating, investing, and financing activities.
5. FALSE, the cash ratio is a liquidity ratio that measures a company's ability to pay off short-term liabilities with its cash and cash equivalents. It does not measure profitability.
6. TRUE, a positive cash flow from investing activities means that a company is generating cash from its investments, which is generally seen as a positive indicator of financial health.
7. TRUE, the cash flow statement is derived from the projected income statement and balance sheet, as well as other information about the company's activities and financial position.
8. TRUE, the net present value (NPV) of a project measures the difference between the present value of its expected cash flows and the initial investment required to undertake the project. A positive NPV indicates that the project is expected to generate more cash than it costs, and is generally considered a good investment.
Answer:
1)TRUE
2)TRUE
3)FALSE
4)TRUE
5)TRUE
6)FALSE
7) TRUE
8)FALSE
9)FALSE
10)TRUE
Q1: Torville Company's contribution margin income statement is presented below.
Sales for the current period consisted of 5,000 units. Determine the company's
break-even point in dollars.
Torville Company
Contribution Margin Income Statement
Sales
Variable costs
Contribution margin
Fixed costs
Sales : $125000
Variable cost : $90000
Contribution margin : $35000
Fixed cost : $28000
Net income: $7000
Net income
S125,000
20.000
35,000
28.000
$7.000
Based on the sales and the contribution margin, the breakeven point in dollars is $28,000
The breakeven point can be found as:
= Fixed cost / Contribution margin per unit
Breakeven point is therefore:
= 28,000 / (35,000 / 5,000 units)
= 4,000 units
This amount in dollars is:
= (4,000 x (Sales revenue - Variable cost / Number of sales))
= 4,000 x (125,000 - 90,000/ 5,000)
= $28,000
In conclusion, the breakeven point is $28,000
Find out more on breakeven point at https://brainly.com/question/9212451.
Samsung invested $21,766 in the current year to expand its manufacturing capacity. Assume that these assets have an 8-year life and generate net cash flows of $4,000 per year, and that Samsung requires a 7% return on its investments. (Samsung $s in millions.)
Required:
Compute break-even time. (Round "Break even time" answer to 1 decimal place.)
The break-even time, which is 5.7 years (rounded to 1 decimal place). This means that Samsung will recoup its initial investment in 5.7 years, after which the project will begin generating positive returns.
What is break-even time?
Break-even time is the amount of time it takes for an investment to generate enough cash flows to cover its initial cost, including any associated expenses such as interest and taxes. It represents the point at which the investment becomes profitable and is no longer operating at a loss.
To compute the break-even time, we need to find the point in time at which the cumulative net cash flows equal the initial investment of $21,766. We can use the present value formula to calculate this.
PV = CF / \((1 + r)^{n}\)
Where:
PV = present value (initial investment)
CF = net cash flow per period
r = required rate of return
n = number of periods
Plugging in the given values, we get:
21,766 = 4,000 / \((1 + 0.07)^{1}\) + 4,000 / (1 + 0.07)² + ... + 4,000 / \((1 + 0.07)^{8}\)
Using a financial calculator or spreadsheet software, we can solve for the break-even time, which is 5.7 years (rounded to 1 decimal place). This means that Samsung will recoup its initial investment in 5.7 years, after which the project will begin generating positive returns.
To know more cash flow, visit:
https://brainly.com/question/29977380
#SPJ1
WHEN MUST A TAXPAYER WHO HAS RECIEVED STOCK APPRECIATION RIGHTS FROM AN EMPLOYER INCLUDE THE VALUE OF THE RIGHTS IN INCOME
Answer:
"There are no federal income tax consequences when you are granted stock appreciation rights. However, at exercise you must recognize compensation income on the fair market value of the amount received at vesting. An employer is generally obligated to withhold taxes. Depending on the rules of your plan, the employer may satisfy that withholding obligation by withholding cash or shares. The remaining net proceeds will be deposited into a brokerage account. If you receive net shares and sell them at a later point, the appreciation in value of the shares from the time of exercise to the time of sale will be treated as a capital gain or loss. Whether it is a long-term or short-term gain or loss will depend on how long the shares are held."
Explanation:
I don't know if this helps, but here is a quate i found.
https://www.fidelity.com/webcontent/ap002390-mlo-content/18.09/help/learn_stock_appreciation_rights.shtml
Traditional marketing revolves around the 4 Ps:
Traditional marketing revolves around the 4 Ps, which are Product, Price, Place, and Promotion.
These elements form the foundation of a marketing strategy for businesses.
Product: Refers to the goods or services that a company offers to its customers. It involves defining the features, design, and quality of the product.
Price: Involves determining the cost of the product or service and finding the right pricing strategy that aligns with customer expectations and market conditions.
Place: Focuses on selecting the distribution channels and locations where the product will be available for customers to purchase. It includes decisions related to retail outlets, online platforms, or direct sales.
Promotion: Involves the activities undertaken to promote and create awareness about the product. It includes advertising, public relations, sales promotions, and other marketing communication strategies.
These 4 Ps provide a framework for businesses to analyze and optimize their marketing efforts to meet customer needs, increase sales, and achieve overall business objectives.
For more such answers on marketing
https://brainly.com/question/25369230
#SPJ8
Discuss 6 reason why banks fail in Ghana and proffer solution to reduce banking sector from these 6 cancerous roots in your opinion
Various reasons have been found as the source of bank failure in Ghana; 6 reasons among these several reasons include Lack of corporate governance and Bad loans.
Other reasons why banks fail in Ghana include the following:
Inefficient regulatory practicesFake licenses processLow capital basePoor credit risk.The solution to restoring the banking sector from these six cancerous roots are following:
The Central Bank of Ghana should ensure all the banks in Ghana have a specific amount of capital to run their banking services to avoid undercapitalization.All the banks should ensure they carry out a necessary credit risk analysis before discharging credit to customers.The Central Bank of Ghana should make the licensing process open and fair while putting heavy sanctions on banks with fake licenses.The Central Bank of Ghana should also check the bank operations report periodically to know if they are working under established standards.All the Banks in Ghana should be encouraged and mandated to operate based on established corporate standards.Banks in Ghana should always access the loan or lending operations to manage their capital very well.Hence, in this case, the Bank's failure in Ghana can be redeemed if the proper strategies are in place.
Learn more here: https://brainly.com/question/24569908