A bank has currency and coins equal to $20 million in its vaults. It has securities worth $10 million, has borrowings equal to $5 million, and has given out loans equal to $2 million. It also has deposits with the Federal Reserve equal to $4 million. The total reserves of the bank equals
A. $12 million.
B. $22 million.
C. $24 million.
D. $36 million.
Answer: C
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Which description best defines an organization's job structure?
A. It refers to the standard amount that employers must pay under federal and state law. B. It consists of the relative pay for different jobs within the organization. C. It is the average amount an organization pays for a particular job. D. It comprises the characteristics of jobs that the organization values and chooses to pay. E. It comprises regular pay, overtime pay, and bonuses.
Any initial direct costs incurred by the lessor for a lease agreement that is classified as an operating lease should be
A) expensed in the same period that the expenditure is made. B) recorded as a prepaid asset and allocated to expense over the lease term. C) deferred and recognized as a reduction in the interest rate implicit in the lease. D) directly charged (debited) to Retained Earnings.
James Sales sold 450 units of product to a customer on account. The company uses the perpetual inventory system and the FIFO inventory costing method. The selling price was $28 per unit, and the cost, according to the company's inventory records, was $12 per unit. Prepare the journal entries to record the sale. Omit explanations.
What will be an ideal response?
Which produces greater effects than transactional leadership?
A. individualized consideration B. contingent reward C. management by exception-passive D. influential morality