Sarah, a customer of a bank, transfers $10,000 from her checking account to her money-market deposit account. Which of the following changes will be reflected in Sarah's bank's balance sheet?
A. Reserves decrease by $10,000.
B. Transactions deposits increase by $10,000.
C. Nontransactions deposits decrease by $10,000.
D. Borrowings increase by $10,000.
Answer: C
You might also like to view...
What is a white-collar crime?
A. It is a violent crime committed by any person belonging to a lower social class. B. It is a nonviolent crime committed by businesspersons and organizations. C. It is a violent terrorism-related crime that poses significant threat to the general public. D. It is a nonviolent crime committed by any individual against businesspersons and organizations.
Which of the following does not describe unstructured data?
A. No specified format. B. Emails, twitter tweets, and text messages. C. A defined length, type, and format. D. Free-form text.
Documentation guides consistently define a long quotation as a passage containing more than 40 words of quoted material
a. true b. false
Henderson Manufacturing Inc Henderson Manufacturing Inc manufactures electric scooters. The company currently makes all of the electronic components for the scooter itself. When 10,000 motors are manufactured each year, the motor costs per unit are as follows: Direct materials $5 Direct labor 5 Variable overhead 2 Fixed overhead 7 Plymouth Inc has offered to sell Henderson 10,000 motors for $14
per unit. If Henderson accepts the offer, 50% of the fixed overhead currently allocated to the motors could be avoided. Refer to the Henderson Manufacturing Inc information above. What are the relevant costs per unit of Henderson manufacturing the motors themselves? A) $15.50 B) $15.20 C) $19.00 D) $14.00