In which of the following ways can a bank increase its reserves?
A. Give out more loans
B. Sell securities
C. Reduce interest rate on time deposits
D. Increase service charges for safety vault facility
Answer: B
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Sally's Salon began operations on January 1 of the current year with an investment by Sally of $21,155 in exchange for common stock. Based on the following trial balance prepare an income statement, statement of retained earnings, and a balance sheet. There were no additional common stock issuances during the year. Sally's SalonTrial BalanceDecember 31Cash$ 6,500?Accounts receivable475?Beauty supplies2,500?Beauty shop equipment17,000?Accounts payable?$ 745Common Stock?21,155Dividends36,000?Revenue earned?72,000Beauty supplies expense3,425?Rent expense6,000?Wages expense22,000?Totals$93,900$93,900
What will be an ideal response?
A corporation has 20,000 shares of 17%, $50 par cumulative preferred stock outstanding and 25,000 shares of no-par common stock outstanding
Dividends of $36,000 are in arrears. At the end of the current year, the corporation declares a dividend of $208,000. How is the dividend allocated between preferred and common stockholders? A) The dividend is allocated $2,000 to preferred stockholders and $206,000 to common stockholders. B) The dividend is allocated $206,000 to preferred stockholders and $2,000 to common stockholders. C) The dividend is allocated $208,000 to preferred stockholders and no dividend is paid to common stockholders. D) The dividend is allocated $170,000 to preferred stockholders and $38,000 to common stockholders.
______ involves testing alternative courses of action by choosing alternative models and executing the simulation repeatedly as necessary.
A. Model verification B. Validation C. Model formulation D. Experimentation
A corporation may acquire all of the assets, including goodwill, of another corporation and combine them with its own through:
A) a purchase of a controlling stock interest in such a corporation. B) a merger or consolidation with such a corporation. C) a purchase or lease of such assets. D) All of these.