Based on the domestic NPV approach, Surfboards USA should not expand to Australia.
To determine whether Surfboards USA should expand to Australia based on the domestic NPV (Net Present Value) approach, we need to calculate the present value of the cash flows in Australian dollars and compare it to the initial investment.
Convert the cash flows from Australian dollars to US dollars using the exchange rate:
Year 1: A$5,000,000 / 1.45 = US$3,448,275.86
Year 2: A$9,000,000 / 1.45 = US$6,206,896.55
Year 3: A$16,000,000 / 1.45 = US$11,034,482.76
Year 4: A$20,000,000 / 1.45 = US$13,793,103.45
Year 5: A$8,000,000 / 1.45 = US$5,517,241.38
Year 6: A$3,000,000 / 1.45 = US$2,068,965.52
Calculate the present value of the cash flows in US dollars using the discount rate:
PV = CF1 / (1 + r)^1 + CF2 / (1 + r)^2 + ... + CFn / (1 + r)^n
PV = US$3,448,275.86 / (1 + 0.14)^1 + US$6,206,896.55 / (1 + 0.14)^2 + US$11,034,482.76 / (1 + 0.14)^3 + US$13,793,103.45 / (1 + 0.14)^4 + US$5,517,241.38 / (1 + 0.14)^5 + US$2,068,965.52 / (1 + 0.14)^6
PV = US$30,628,457.97
Compare the present value of the cash flows to the initial investment:
If PV < Initial Investment, the project is not economically viable. If PV > Initial Investment, the project is economically viable.
Initial Investment = A$40,000,000 / 1.45 = US$27,586,206.90
Since PV (US$30,628,457.97) > Initial Investment (US$27,586,206.90), the project is economically viable based on the domestic NPV approach. Therefore, Surfboards USA should expand to Australia.
Learn more about NPV (Net Present Value): https://brainly.com/question/18848923
#SPJ11
A 10-year corporate bond has a 6 percent coupon, a call premium of $60, and a first call date in year 4. Market interest rates are 6.5 percent and are expected to rise for an extended period. If you plan to hold the bond, which yield should you most consider before buying the bond
Answer:
YTC = 8.3%
Explanation:
you should calculate the yield to call (YTC)
YTC = {coupon + [(call value - market value)/n]} / [(call value + market value)/2]
but we first need to calculate the market value:
PV of face value = $1,000 / (1 + 6.5%)¹⁰ = $532.73
PV of coupons = $60 x 7.18883 (PV annuity factor, 6.5%, 10 periods) = $431.33
market price = $532.73 + $431.33 = $964.06
YTC = {60 + [(1,060 - 964.06)/4]} / [(1,060 + 964.06)/2] = 83.985 / 1,012.03 = 8.3%
The monthly cost (in dollars) of water use is a linear function of the amount of water used (in hundreds of cubic feet, HCF). The cost for using 23 HCF of water is $38.51, and the cost for using 44 HCF is $68.96. What is the cost for using 40 HCF of water?
The monthly cost (in dollars) of water use is a linear function of the amount of water used (in hundreds of cubic feet, HCF). The cost for using 23 HCF of water is $38.51, and the cost for using 44 HCF is $68.96. The cost for using 40 HCF of water would be approximately $63.16.
The cost for using 40 HCF of water, we can use the given information to determine the equation of the linear function that relates the cost to the amount of water used.
Let's denote the monthly cost as C and the amount of water used as HCF. We have two data points:
Point 1: (23, 38.51) - cost is $38.51 when using 23 HCF of water
Point 2: (44, 68.96) - cost is $68.96 when using 44 HCF of water
We can use these two points to determine the equation of the linear function.
First, let's find the slope (m) of the line using the formula:
m = (y2 - y1) / (x2 - x1)
m = (68.96 - 38.51) / (44 - 23)
m = 30.45 / 21
m ≈ 1.45
Now, we can use the slope-intercept form of a linear equation (y = mx + b) and substitute one of the points to find the y-intercept (b).
Using point (23, 38.51):
38.51 = 1.45 * 23 + b
38.51 = 33.35 + b
b = 38.51 - 33.35
b ≈ 5.16
So, the equation of the linear function is:
C = 1.45 * HCF + 5.16
Now, we can find the cost for using 40 HCF of water:
C = 1.45 * 40 + 5.16
C = 58 + 5.16
C ≈ 63.16
To learn more about monthly cost refer here:
https://brainly.com/question/30202818#
#SPJ11
How did the goal described in this excerpt most affect the u. S. Economy?.
The described goal that most affect the economy according to the excerpt is when Federal Reserve raised interest rates to control inflation.
What was described in the excerpt?The excerpt quoted George Bush speech about the Iraqis and how their relationship with Saddem Hussein will most affect them and their economy.
However, the goal that most affect the economy according to the excerpt is if Federal Reserve raised interest rates to control inflation.
Therefore, the Option A is correct.
Read more about Federal Reserve
brainly.com/question/25817380
Walter is in dire need of $482. Out of other alternatives, he decides to take a cash advance on his credit card. His credit card has a cash advance fee of 3.4%. How much is his advance fee?
Walter needs $482 in urgent, and his credit card has a cash advance fee of 3.4%. Hence, his advance fees would be 3.4% of $482 which is $16.39.
What does place when you obtain a cash advance?A cash advance is a loan that your credit card company provides. When you obtain a cash advance, you are borrowing funds from the available credit on your credit card. This loan must be repaid, and the amount transferred cannot be greater than the balance that is currently available on your credit card.
What dangers exist with cash advances?When you take out a cash advance, especially one for a sizable sum, your utilization rate may rise, which could lower your credit score. One of the risks of credit card cash advances is a lower credit score. Cash advance grace periods do not exist.
To know more about advance fee visit-
https://brainly.com/question/15321988
#SPJ1
explain one short term metaphors of finance for a start up or established small business
Answer:
Short-term finance can be defined as any financing that a borrower pays off over a shorter repayment period. More specifically, though, short-term finance refers to any loan that a business pays off in under a year
3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
Learn more about the safety of goods here:
https://brainly.com/question/28480753
#SPJ1
the adjusting factor in the creation of a common size income statement is ___.
An income statement with each line item expressed as a percentage of revenue or sales is referred to as having a "common size income statement."
What exactly does the word "expressed" mean?
leaving no opportunity for interpretation; being precise and simple. Predictable, clear, and well-defined are three adjectives that are comparable to one another. capable of naming, designating, or indicating expressly in any way.
She glanced at him and gave him an incredibly angry expression. I was puzzled by her expression and couldn't make sense of it. He looked at me with a weird expression on his face. What a vulgar pose! Nothing in her expression could be interpreted.
Know more about statement Visit:
https://brainly.com/question/22716375
#SPJ1
Identify three strengths of each human service delivery system?
Answer:
hope it helps
Explanation:
The Medical Model. is the oldest of the three models. Looks at symptoms, illness and sickness.
The Public Health Model. Looks at how illness affects population. Focus is on education, prevention and nutrition.
The Human Service Model. Looks at the client and their environment
Government regulations on credit aim to
A. ensure lenders are repaid.
B. help borrowers pay on time.
C. support those borrowing credit.
D. educate lenders about consumers.
I found a lot of different answers.
most accurately describes what a bond is?
Answer:
A bond is a financial instrument that represents a debt obligation issued by an entity, typically a corporation, government, or municipality, to raise capital.
Explanation:
. When an entity issues a bond, it is essentially borrowing money from investors who purchase the bonds. Bonds are also known as fixed income securities because they generally pay periodic interest payments, called coupons, to bondholders until the bond matures, at which point the face value of the bond is repaid to the bondholder.
Bonds have specific terms and features, including the principal amount (face value) of the bond, the interest rate (coupon rate) at which interest is paid, the maturity date when the bond matures and the face value is repaid, and the issuer's credit rating, which reflects the creditworthiness of the entity issuing the bond. Bonds can have different types of interest rates, such as fixed or floating rates, and may have various levels of risk associated with them, depending on the creditworthiness of the issuer and prevailing market conditions.
Bonds are bought and sold in financial markets, and their prices and yields can fluctuate based on various factors, including changes in interest rates, market conditions, and the creditworthiness of the issuer. Bonds are commonly used by investors as a way to generate income, diversify their investment portfolios, and manage risk. They are also used by issuers as a means of raising capital to finance projects, operations, or other financial needs.
Major airlines change hundreds of fares daily in response to competitor tactics, which is an example of using.
As the Major airlines change hundreds of fares daily in response to competitor tactics, this is an example of using a competitive intelligence.
What is a competitive intelligence?It is also called a corporate intelligence. It refers to a firm's ability to gather, analyze and use information collected on competitors, customers and market factors to its business's competitive advantage.
This type of intelligence is important because it helps businesses understand their competitive environment and the opportunities and challenges it presents. It allows businesses to analyze the information to create effective and efficient business practices.
Read more about competitive intelligence
brainly.com/question/15194051
#SPJ1
People that can influence a consumer’s decision making process are called:
A. Reference groups
B. Influencers
C. Instructors
D. Annoying
Answer:
B
Explanation:
People that can influence a consumer’s decision making process are called influencers.
LIFO Perpetual Inventory
The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows:
Date Transaction Number
of Units Per Unit Total
Jan. 1 Inventory 7,500 $75. 00 $562,500
10 Purchase 22,500 85. 00 1,912,500
28 Sale 11,250 150. 00 1,687,500
30 Sale 3,750 150. 00 562,500
Feb. 5 Sale 1,500 150. 00 225,000
10 Purchase 54,000 87. 50 4,725,000
16 Sale 27,000 160. 00 4,320,000
28 Sale 25,500 160. 00 4,080,000
Mar. 5 Purchase 45,000 89. 50 4,027,500
14 Sale 30,000 160. 00 4,800,000
25 Purchase 7,500 90. 00 675,000
30 Sale 26,250 160. 00 4,200,000
Required:
1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Round unit cost to two decimal places, if necessary
To record the inventory, purchases, and cost of goods sold data in a perpetual inventory record using the last-in, first-out (LIFO) method, follow these steps:
1. Create a table with the following columns: Date, Transaction, Number of Units, Per Unit Cost, Total Cost, Cost of Goods Sold Unit Cost, and Inventory Unit Cost.
2. Start with the beginning inventory on January 1. Enter the transaction as "Inventory" and fill in the corresponding number of units (7,500), per unit cost ($75.00), and total cost ($562,500) in the respective columns.
3. Move to the next transaction, which is a purchase on January 10. Enter the transaction as "Purchase" and input the number of units (22,500), per unit cost ($85.00), and total cost ($1,912,500) in the respective columns.
4. Calculate the cost of goods sold for the first sale on January 28. Subtract the number of units sold (11,250) from the previous inventory and purchases. Since LIFO assumes that the latest units purchased are sold first, record the cost of goods sold unit cost as $85.00 (the per unit cost of the January 10 purchase) and the inventory unit cost as $75.00 (the per unit cost of the beginning inventory). Multiply the cost of goods sold unit cost by the number of units sold to get the total cost of goods sold ($956,250).
5. Repeat step 4 for the sale on January 30, using the same logic. The cost of goods sold unit cost will still be $85.00, but the inventory unit cost will remain $75.00. Calculate the total cost of goods sold as $318,750.
6. Continue this process for each transaction, adjusting the inventory and calculating the cost of goods sold accordingly. Remember to use the LIFO method by prioritizing the units with the higher unit cost in the cost of goods sold unit cost column and the units with the lower unit cost in the inventory unit cost column.
By following these steps, you can accurately record the inventory, purchases, and cost of goods sold data using the LIFO perpetual inventory method.
To know more about total cost visit;
https://brainly.com/question/30355738
#SPJ11
what are the sources of income of the government? where do these taxes go?
Answer:
The taxes go in the national income of country
Which of the following is an example of internal compliance?
A. An accounting firm adheres to the Sarbanes-Oxley Act to prevent
fraud.
B. A hospital's staff members participate in state-mandated training
sessions every year.
C. A fast food restaurant follows Department of Agriculture
regulations for food preparation.
O D. A publishing company prevents its employees from using office
computers for personal use.
Answer:
D. A publishing company prevents its employees from using office computers for personal use.
Explanation:
An internal compliance can be defined as certain strategic measures adopted or put in place by an organization (company) within its own business by setting rules and standards, best practices, internal procedures, establishing policies and maintaining a level of quality so as to successfully achieve its aim, goals and objectives.
Basically, it comprises of specific business ethics or code of conduct that employees working in an organization must completely adhere to or strictly follow at all times. Also, it is often referred to as human resource (HR) compliance.
Hence, an example of internal compliance is the situation in which a publishing company prevents its employees from using office computers for personal use.
Answer:
D. A publishing company prevents its employees from using office computers for personal use.Explanation:
Which of the following scenarios describes an error in netiquette? (5 points)
Ahmed keeps his email and text exchanges with his coworkers professional, even though he likes to use off color humor at times with friends.
Jamie writes an email to his colleagues and before sending takes an extra fifteen minutes to carefully proof spelling and grammar.
Marina allows herself to be more honest and straightforward in her written correspondence than she would in her face-to-face interactions.
Shonda receives an email from a colleague complaining about one of their coworkers and deletes it promptly without sharing it with others.
The scenarios that describes an error in netiquette is option D. Shonda receives an e.mail from a colleague complaining about one of their co- workers and deletes it promptly without sharing it with others. Netiquette is a set of informal rules for good behavior and politeness followed by users of online such as the Internet, email.
Netiquette is gotten from the word "etiquette," which means the general rules or conventions of correct and polite behaviour in social settings and situations. It is therefore the act of exercising polite and considerate behaviour in online contexts, such as Internet discussion boards and personal email.
What is politeness?Politeness is the practical application of good manners or etiquette so as not to offend others. Politeness is a culturally defined phenomenon, and therefore what is considered polite in one culture can sometimes be quite rude or simply eccentric in another cultural context.
Therefore, the correct answer is as given above
learn more about Netiquette: https://brainly.com/question/942794
#SPJ1
Please check if I’m doing this right
The simple interest calculation makes figuring out how much interest will be applied to a loan quick and uncomplicated.
By "simple interest and example," what do you mean?Simple interest can be used to quickly and easily calculate the interest rate on a loan. To calculate simple interest, multiply the principal amount and the number of days between payments by the daily interest rate.
When a specific rate of interest is applied, the Simple Interest (S.I.) formula can be used to calculate the amount of interest that will be charged on a specified principal amount of money. For instance, if a borrower takes out a loan of Rs. 5000 at a rate of 10 p.a. for two years, they will have to pay S.I. on the loaned amount for the entire two-year term.
Principal= $13,791
Rate of interest= 5%= 0.05
Time= 4 year, 5 year, 6 year
4 year
Simple Interest= (P X R X T) / 100
= ($13,791 X 5 X 4) / 100
= $2,758.2
5 year
Simple Interest= (P X R X T) / 100
= ($13,791 X 5 X 5) / 100
= $3,447.75
6 year
Simple Interest= (P X R X T) / 100
= ($13,791 X 5 X 6) / 100
= $4,137.3
Principal= $14,712
Rate of interest= 5%= 0.05
Time= 4 year, 5 year, 6 year
4 year
Simple Interest= (P X R X T) / 100
= ($14,712 X 5 X 4) / 100
= $2,942.4
5 year
Simple Interest= (P X R X T) / 100
= ($14,712 X 5 X 5) / 100
= $3,678
6 year
Simple Interest= (P X R X T) / 100
= ($14,712 X 5 X 6) / 100
= $4,413.6
Learn more about simple interest: https://brainly.com/question/25845758
#SPJ4
Think about where you will be in your career and your life five years into the future. Create a list of the jobs that you think you will have, the additional skills you might develop, and the further education you will pursue. Using this list, prepare a résumé for yourself that reflects where you believe you will be in five years. Once you have prepared the résumé, share it with someone in your family or with a close friend. Ask them for their insight as to whether the résumé is an accurate portrayal of where they think you will be in five years. If their opinion is different from yours, can you determine why? How might this information factor into your present and future career decision-making?
Explanation:
It is essential that when choosing the business administration course there is a directing of the student to one of the multiple administrative areas in which a career can be built.
Assuming that there is an interest in building a career with a focus on entrepreneurship in the market, it is necessary that there are significant skills for entrepreneurs, that is, communication skills, flexibility, and conceptual skills, which allow the administrator a broad view of the business, coordinating and controlling its resources to position itself favorably in the competitive market.
If your focus is to open a new business, it is necessary that you evaluate your profile, considering that this is an activity that requires resilience, organization, a lot of study and determination. When preparing your resume and asking for the opinion of people close to you, analyze if the characteristics of an entrepreneur will match yours, and adjust to develop them if necessary, seek support material, such as great scholars, scientific articles, try to observe the business scenario, and dedicate yourself to making your business prosper.
Federal Insurance Contributions Act (FICA) Group of answer choices Federal law that requires the joint contribution by employers and employees of the funds used for the Social Security system. Federal law that requires the contribution only by employers of the funds used for the Social Security system. Federal law that requires the joint contribution only by employees of the funds used for the Social Security system. Federal law that requires the joint contribution by employers and employees of the funds used for employees who are in injured on the job.
Answer:
Federal law that requires the joint contribution by employers and employees of the funds used for the Social Security system
Explanation:
FICA refers to the federal law that needs the contribution made by both employers and employees with respect to the fund used for the social security purpose. It main purpose to fund the social security and the medicare that provide the facilities for those people who are retired, disabilities and deceased workers children
So the first option is correct
Which of the following internal controls has Jim implemented at his company if he hires an outside auditing firm to review the company's financial records? O Monitoring processes O Information and communication systems O Control environment O Risk assessment
Jim, the owner of the company, hired an outside auditing firm to review the company's financial records to assess whether the company's financial statements are fairly presented, whether there are any financial discrepancies, and whether there is any possibility of financial fraud.
The following internal controls have Jim implemented at his company:O Monitoring processes Information and communication systems Control environment Risk assessment monitoring processes are used to monitor the activities of employees, transactions, and other aspects of the company.
When there is an irregularity, this type of control helps to determine what caused it and how to prevent it from happening again. Monitoring processes also assist in the identification of fraud and errors.
In a company, information and communication systems enable people to communicate and transfer knowledge among departments. For this reason, information is critical in a company. Communication and information exchange must be consistent and transparent to have a successful audit.
The control environment is the overall atmosphere or culture in which people work and perform their responsibilities. Internal control systems are determined by the control environment. Control activities are influenced by control environmental factors, such as the business owner's management philosophy and operating style.
Risk assessment is a process of identifying, evaluating, and prioritizing potential threats to the organization's financial well-being. The company's risk management procedures should be constantly updated as conditions change in the organization. Risk assessment plays a crucial role in making sure that the company's goals are met efficiently and effectively.
For more such questions on financial fraud
https://brainly.com/question/32991877
#SPJ8
Type the correct answer in the box. Spell all words correctly.
Which good customer service skill does Tony seem to possess?
Tony works as a customer service professional for a store that sells refrigerators. He met a customer who was furious with the store's service.
Apparently, the store had delivered the wrong refrigerator model to the customer's home address. Tony apologized on behalf of the store. He
told the customer that the store would quickly replace the product. He Interacted with the customer for a while and promised that the store
would never give the customer a chance to complain in the future. Tony's ________
helped him make the customer believe
In the store's service.
Answer:
professional manner and reassurance
How have advancements in technology affected advertising? Write a paragraph with three examples.
The advancement in technology affected advertising in the manner that increased the number of platforms, which raised the number of audiences.
What is Advertising?The practice and strategies used to draw attention to a product or service are referred to as advertising. Advertising seeks to bring attention to a product or service by putting it in the limelight.
Technological breakthroughs resulted in the advent of computers, the internet, and smartphones, which connected billions of people's lives.
Not only has the number of platforms expanded, but so has the clarity of audience data, which has supported industry growth. There is a better understanding of who is consuming stuff. To customize your marketing communications, you can leverage data from the first, second, and third parties.
Because of the internet and programmatic advertising, advertisers may now target consumers across hundreds of digital channels.
Learn more about Advertising here:
https://brainly.com/question/3163475
#SPJ1
what multiplication do you do to convert currency
Explanation:
you multiply by the exchange rate.
Air max 270's or Jordan 1 Mid's?
Air max 270's
they make me taller than Jordan 1 Mid's, and since im a short dude, I lowkey need that extra inch.
which part of the result block should you evaluate to determine the needs met rating for that result?
You always need to evaluate both the block and the landing page. For a Special Content Result Block, you only need to evaluate the content inside the block and nothing else.
The quality of the web page and the material inside the block are both taken into account when determining if a requirement is met. The Needs fulfilled rating would not succeed if the landing page's quality was acceptable but the desired content was not delivered.
Videos, live cricket scores, and sports videos are all included in the special content result block and may be seen right away after entering the search term.
When a user searches in websites that are related to their search query, the possibility of finding distinct content that seems irrelevant to them exists in the online search result block.
In particular content result blocks, only the content inside the block is evaluated.
To know more about met rating:
https://brainly.com/question/14427844
#SPJ4
Which of the following are factors that will effect the price of a product?
(Check all that apply)
1. The amount of advertising and communications needed to inform customers
2. The number of businesses in the channel of distribution
3. The level of customer service offered by the business
4. The quantity of a product purchased by a customer
5. Whether the product is fragile or requires special handling
The factors that will affect the price of a product are:
1. The amount of advertising and communications needed to inform customers.
2. The quantity of a product purchased by a customer
3. Whether the product is fragile or requires special handling
What is Pricing?Pricing is the process by which a company determines the price at which it will sell its products and services and can be part of the company's marketing plan.
The process of estimating the quantitative value of a product based on internal and external criteria is known as product pricing. Product price has a direct influence on your company's entire profitability, from cash flow to profit margins to client demand.
Learn more about Pricing at:
https://brainly.com/question/20927491
#SPJ1
southwest airlines is considering buying a new boeing 737. the airplane will cost 29 million dollars today and then generate 8 million dollars per year for the next 12 years. after 12 years, the airplane will not generate any cash for southwest airlines. if the cost of capital is 11%, what is the npv (in millions of dollars) of buying the new airplane?
The net present value (NPV) of buying the new airplane is $19.39 million.
The net present value (NPV) of buying the new airplane can be calculated by discounting the cash flows generated by the airplane at the cost of capital, and then subtracting the initial cost of the airplane from the present value of the cash flows.
The formula for NPV is:
NPV = -C + (CF1 / (1+r)^1) + (CF2 / (1+r)^2) + ... + (CFn / (1+r)^n)
Where: NPV = Net present value, C = Initial cost of investment, CF = Cash flow in the respective year, r = Discount rate (cost of capital), and n = Number of years.
To calculate the NPV of buying the new Boeing 737 for Southwest Airlines, we first need to calculate the cash flows generated by the airplane. The airplane costs $29 million today and generates $8 million per year for the next 12 years. Therefore, the cash flows are as follows:
Year 0: -$29 million
Year 1: $8 million
Year 2: $8 million
Year 3: $8 million...
Year 12: $8 million
To calculate the NPV, we need to discount each cash flow at the cost of capital (11%) and sum them up. We can use the formula above to do this. The NPV of buying the new airplane is:
NPV = -$29 + ($8 / (1+0.11)^1) + ($8 / (1+0.11)^2) + ... + ($8 / (1+0.11)^12)
= -$29 + $7.21 + $6.47 + $5.82 + $5.23 + $4.71 + $4.24 + $3.81 + $3.43 + $3.08 + $2.77 + $2.49 + $2.23
= $19.39 million
Therefore, the NPV is approximately $19.39 million (in millions of dollars).
Learn more about Net present value:
https://brainly.com/question/18848923
#SPJ11
If a bank has $1,000,000 in reserves and checking deposits of $3,000,000, what is the bank's reserve position if the required reserve ratio is 20 percent?
If the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.
Given that bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20%.
Required reserve ratio is basically a percentage of deposits to be kept by the bank with them.
We are required to find the find the bank's reserve position.
Bank's reserves=$1000000.
Checking deposits=$3000000
Required reserve ratio=20%
Reserves required according to the checking deposits=3000000*20%
=$600000
Actual reserves=$1000000
Excess reserves=Actual reserves -Reserves required
Excess reserves=1000000-600000
Excess reserves=$400000
Hence if the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.
Learn more about required reserve ratio at https://brainly.com/question/13758092
#SPJ4
_____ deals with reporting to outsiders. _____ accounting deals with the internal operations of the firm.
Answer:financial accounting, managerial accounting
Explanation:
External reporting is a focus of financial accounting. Managerial accounting is concerned with a company's internal operations.
Why is managerial accounting more suitable for internal reporting?The information is more precise, timely, and specialized in managerial accounting. Since managerial accounting is not subject to GAAP, there is an infinite amount of flexibility in the kinds of reports and data gathered.
The first type of accounting was financial accounting. It is mostly limited to the creation of financial statements for use by third parties such as creditors, banks, financial institutions, shareholders, and holders of debentures.
Managerial accounting is primarily concerned with assessing the internal requirements of businesses and resolving issues that have an impact on revenue streams, overall financial stability, and long-term profitability.
Learn more about managerial accounting here:
https://brainly.com/question/14570679
#SPJ2
Bart's Inc. operates retail stores in various cities. Segmented income statements are prepared for each store and for each product line in each store. The property tax for the store is a(n)____fixed cost for the store, and a(n)_____fixed cost for each product line sold in the:______.
The words that complete the statement on Segmented income are
Traceable common StoreSegmented Income StatementWith Bart's Inc. being the company in question, A segmented income provides information by breaking down revenues and expenses by business unit, like in our case the various product lines product line
Therefore The property tax for the store is a(n) Traceable fixed cost for the store, and a(n) common fixed cost for each product line sold in the Store
For more information on Business
https://brainly.com/question/10295065