Deposits of commercial banks at the Federal Reserve are called _____.
A. bankers' acceptances
B. federal funds
C. repurchase agreements
D. time deposits
B. federal funds
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Based on the above information, which of the following statements is TRUE?
The data of Graham Brothers Company for two years are given below.
A) Cash ratio has increased from 0.02 in 2018 to 0.03 in 2019.
B) Cash ratio has increased from 0.05 in 2018 to 0.08 in 2019.
C) Cash ratio has increased from 0.387 in 2018 to 0.221 in 2019.
D) Cash ratio has increased from 0.221 in 2018 to 0.387 in 2019.
The same asset can have different measurements for tax purposes, for financial reporting purposes, and for internal managerial decision-making purposes
Indicate whether the statement is true or false
The consultative selling sales presentation is fast and requires little skill.
Answer the following statement true (T) or false (F)
The following data pertain to Turk Company's operations last year: Sales$900,000Net operating income$36,000Contribution margin$150,000Average operating assets$180,000Stockholders' equity$100,000Plant, property, & equipment$120,000?If the residual income for the year was $9,000, the minimum required rate of return must have been:
A. 36% B. 15% C. 20% D. 4%