Brontsky & Co., a member bank of the Fed, receives a notice from the Fed that notifies that it must hold funds equal to 15% of the deposits held by its customers. In this scenario, the 15% is the _____.
A. capital adequacy ratio
B. capital requirement
C. reserve requirement
D. debt ceiling
Answer: C
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McGuire Company acquired 90 percent of Hogan Company on January 1, 2019, for $234,000 cash. This amount is reflective of Hogan's total acquisition-date fair value. Hogan's stockholders' equity consisted of common stock of $160,000 and retained earnings of $80,000. An analysis of Hogan's net assets revealed the following: Book Value Fair ValueBuildings (10-year life)$10,000 $8,000 Equipment (4-year life) 14,000 18,000 Land 5,000 12,000 ??Any excess consideration transferred over fair value is attributable to an unamortized patent with a useful life of 5 years.?In consolidation at January 1, 2019, what adjustment is necessary for Hogan's Patent account?
A. $9,900. B. $11,000. C. $7,000. D. $6,300. E. No adjustment is necessary.
The costing method that includes beginning work-in-process inventory in the computation of equivalent units is the ________ method
Fill in the blank(s) with correct word
An operations flow document
a. tracks the cost and quantity of material through an operation. b. tracks the network of control points from receipt of a customer's order through the delivery of the finished product. c. specifies tasks to make a unit and the times allowed for each task. d. charts the shortest path by which to arrange machines for completing products.
______ steps can be used to implement the theory of constraints, beginning with the bottleneck operation.
A. Two B. Three C. Four D. Five