The first deposit that apex savings bank received was $15,300. if the reserve rate at the time was 3.5%, how much of the deposit was apex savings bank required to keep on reserve? how much was it free to loan out?

Which of the following focuses on the ability of a company to earn profits? Select one: a. The inventory turnover b. The quick ratio c. The return on total assets d. The fixed charge coverage ratio

How can producers maximize their profit? Check all that apply. 1) They can work to increase their marginal cost. 2) They can work to decrease their marginal cost. 3) They can raise prices to increase marginal revenue.

Bank ABC has liabilities of $4 million with an average maturity of two years paying interest rates of 4.0 percent annually. It has assets of $5 million with an average maturity of 5 years earning interest rates of 6.0 percent annually.

To save for retirement, a student invests $60 each month in an ordinary annuity with 6 % interest compounded monthly. Determine the accumulated amount in the student's annuity after 35 years.

FinanceCo lent $8 million to Corbin Construction on January 1, 2021, to construct a playground. Corbin signed a three-year, 6% installment note to be paid in three equal payments at the end of each year. Required: 1.

A. True b. False: before a computer can execute a program written in a high level language, such as c++, it must be translated into object code.

the market value of a property is $90,000 and is assessed at 35%. The annual taxes are $1,260. What is the tax rate?

Someone who likes building, designing, or creating things probably has a (n)

A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 shares authorized, 28,000 issued, and 27,500 shares outstanding. The total amount of the cash dividend is: Multiple Choice a.

Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $112,500 and $125,000, respectively. During the year, actual overhead was $107,400 and actual direct labor cost was $120,000.