Coronado Industries reported net income of $0. 65 million in 2022. Depreciation for the year was $104,000, accounts receivable decreased $227,500, and accounts payable decreased $182,000. Compute net cash provided by operating activities using the indirect approach. (Show amounts that decrease cash flow with either a - sign e. G. -15,000 or in parenthesis e. G. -15,000. )
Answers
In 2022, Coronado Industries generated a net cash flow of $0.7045 million from its operating activities.
The statement of cash flows is an important financial statement that provides information on how a company generates and uses cash during a specific period. The statement of cash flows is divided into three sections: operating activities, investing activities, and financing activities.
The operating activities section of the statement of cash flows provides information on how cash was generated or used in the normal course of business, which is considered the most important section of the statement of cash flows.
In the given problem, we are asked to calculate net cash provided by operating activities using the indirect approach. The indirect approach adjusts net income for non-cash items, such as depreciation, and changes in current assets and liabilities to arrive at the net cash provided by operating activities.
Net income for the year 2022 is given as $0.65 million. Depreciation for the year is $104,000, which is a non-cash expense and needs to be added back to net income.
Accounts receivable decreased by $227,500, which means that less cash was collected from customers than the previous year, so it is considered a decrease in cash flow and should be added back.
Accounts payable decreased by $182,000, which means that less cash was paid to suppliers than the previous year, so it is considered an increase in cash flow and should be subtracted.
Using the indirect approach, the net cash provided by operating activities can be calculated as follows:
Net income \($0.65 \text{ million}$\)
Add: Depreciation \($0.104 \text{ million}$\)
Less: Decrease in accounts receivable \($(-0.2275 \text{ million})$\)
Add: Decrease in accounts payable \($0.182 \text{ million}$\)
Net cash provided by operating activities \($= 0.65 + 0.104 - 0.2275 + 0.182 = \$0.7045 \text{ million}$\)
Therefore, Coronado Industries provided $0.7045$ million in net cash from its operating activities during 2022.
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Related Questions
Type the correct answer in the box. Spell all words correctly.
Which good customer service skill does Tony seem to possess?
Tony works as a customer service professional for a store that sells refrigerators. He met a customer who was furious with the store's service.
Apparently, the store had delivered the wrong refrigerator model to the customer's home address. Tony apologized on behalf of the store. He
told the customer that the store would quickly replace the product. He Interacted with the customer for a while and promised that the store
would never give the customer a chance to complain in the future. Tony's ________
helped him make the customer believe
In the store's service.
Answers
Answer:
professional manner and reassurance
Which is better: to lease or to buy?
A car buyer has two financing alternatives: to lease or to purchase. It is important to evaluate all the options and analyze the consequences of lease versus purchase decision. The understanding of a comparative worksheet that analyzes the automobile lease versus purchase decision will help in making an informed choice.
How should a lease-versus-purchase analysis be conducted? How can this worksheet be applied to help you or someone else make their financing decision? Consider the following scenario:
Should Hilary lease or purchase?
Hilary is considering the purchase of a Ford F-150 Pickup and has negotiated a final price of $27,690. She’s trying to decide whether to lease or purchase the vehicle.
Answers
A lease-versus-purchase analysis involves evaluating the financial implications and considerations of leasing versus buying a vehicle. To conduct this analysis, several factors need to be taken into account:
Cost: Compare the total costs of leasing and purchasing, including the down payment, monthly lease payments, interest rates, and depreciation. Consider the expected length of ownership or lease term.
Ownership: Assess whether ownership is important. Leasing provides temporary possession, while buying offers long-term ownership and the ability to customize the vehicle.
Mileage and Usage: Consider the expected annual mileage. Leases typically have mileage restrictions, and exceeding them can result in additional charges. Evaluate whether the vehicle's intended use aligns with lease terms.
Maintenance and Repairs: Determine responsibility for maintenance and repairs. Leased vehicles often include warranty coverage, while purchased vehicles require the owner to bear these costs.
Resale Value: Evaluate the expected resale value of the vehicle. Purchased vehicles can be sold or traded at any time, while leased vehicles must be returned at the end of the lease term.
Applying this worksheet to Hilary's situation, she should compare the costs of leasing and purchasing the Ford F-150 Pickup over her intended ownership period. Consider factors such as her expected mileage, customization preferences, and maintenance requirements. By analyzing the costs, ownership benefits, and long-term goals, Hilary can make an informed decision on whether to lease or purchase based on her specific needs and financial circumstances.
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Suppose the rate of return on a 10-year T-bond is 5.50%, the expected average rate of inflation over the next 10 years is 2.30%, the MRP on a 10-year T-bond is 1.64%, no MRP is required on a Treasury Inflation Protected Security (TIPS), and no liquidity premium is required on any Treasury security. Given this information, what should the yield be on a 10-year TIPS? Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.
Answers
Answer:
the yield be on a 10-year TIPS is 1.56%
Explanation:
The computation of the yield to be on 10 year TIPS is as follows:
Yield on 10 year TIPS is
= rate of return on 10 year T bond - Average inflation - MRP
= 5.50% - 2.30% - 1.64%
= 1.56%
Hence, the yield be on a 10-year TIPS is 1.56%
The same should be considered and relevant too
who among the following in an organization are responsible for selecting appropriate technologies, equipment, and work methods for producing quality products?
Answers
Industrial engineers are in charge of deciding which technology, tools, and production processes are best for generating high-quality products.
Explain about the Industrial engineers?IEs oversee planning and control of production systems, resource allocation and scheduling, staff assignment and scheduling, quality control, inventory management, system and employee safety in the area of operations. They also evaluate, design, and manage manufacturing and service processes.
As a result of their ability to reduce costs by enhancing productivity, industrial engineers are in high demand from employers across a wide range of sectors, including charities.
There are industrial engineers in every industry. Any industry you can think of manufacturing, technology, hardware, retail, healthcare—has a good chance of having employment opportunities for industrial engineers. Think about positions in consulting and client-facing industrial engineering.
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When a securities firm acts as a(n) ____, it makes a market in specific securities by maintaining an inventory of those securities.
Answers
Answer:
The correct approach is "dealer".
Explanation:
Dealers would provide money supply to financial products whilst also trying to establishing a working capital of those that have been exchanged at a small concentration. By mobilizing savings, dealers generate more money out of the expansion respectively bids and start questioning for quotes. To make profits, individuals consider purchasing lesser at either the contract offer, as well as take revenue at either the request and then, have a high turnover.Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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direct incentives are designed to induce changes in behavior. indirect incentives change behavior in ways that were not intended. identify each item as an example of a direct or an indirect incentive. direct incentive drag appropriate answer(s) here government-funded debt relief for college graduates leads to more student-loan debt press space to open frequent-flier points to increase customer loyalty
Answers
Government-funded debt relief for college graduates is an example of an indirect incentive, while frequent-flier points to increase customer loyalty is an example of a direct incentive.
An indirect incentive refers to a situation where the intended behavior change is not directly caused by the incentive. In the case of government-funded debt relief for college graduates, the intention is to alleviate the burden of student loan debt.
However, it can inadvertently lead to an increase in student-loan debt because individuals may be less motivated to consider the long-term consequences of taking on more debt since they know there is a possibility of relief in the future.
On the other hand, a direct incentive directly induces a desired behavior change. Frequent-flier points as a reward program are specifically designed to increase customer loyalty.
By offering points for every flight, airlines aim to incentivize customers to choose their services repeatedly in order to accumulate more points, which can be redeemed for various benefits like free flights, upgrades, or other perks.
This direct incentive directly motivates customers to engage in behavior that aligns with the airline's objective of fostering loyalty and repeat business.
In summary, while government-funded debt relief for college graduates is an indirect incentive that can have unintended consequences, frequent-flier points as a reward program serve as a direct incentive to encourage customer loyalty and increase repeat business.
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What are the positive environmental trends seen today?
Many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive.
choose one of those 3 option to fill the blank(___)
Answers
Although they may seem pricey, many sectors are moving toward renewable energy sources in an effort to limit their use of ozone-depleting compounds as seen in environmental trends.
Renewable energy is energy that is derived from resources that can be renewed naturally through time, on a human timescale. It comes from a variety of sources, including sunlight, wind, water currents, and geothermal heat. Some renewable energy sources are not sustainable, despite the fact that most of them are.
For instance, certain biomass sources are regarded as non-sustainable at the present rate of extraction. Air and water heating and cooling, as well as stand-alone power systems, are frequently powered by renewable energy. Although initiatives involving renewable energy are often large-scale, they are also suitable for rural, distant, and underdeveloped nations, where energy is frequently essential for human growth. It has various advantages when renewable energy is used in conjunction with increased electrification.
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Corporate strategy helps managers understand which strategy question?
a. How should the firm compete?
b. How should the firm expand?
c. Where should the firm expand?
d. How can the firm buy out a competitor?
e. Where should the firm compete?
Answers
Corporate strategy helps managers understand
e. Where should the firm compete?
Market economies must incorporate competition. Different businesses are free to use various methods to draw clients, including value, convenience, and price. Depending on the product and market structure, the type of competition will vary. For instance, price will be important in a market where there are numerous vendors selling potatoes. To find the best deal, consumers will comparison shop. Price is only one of many considerations for a service like a meal at a restaurant, though. Businesses in this situation will be looking for customers based on factors like food quality, the environment, and a convenient location.
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-1.4 Convert 4kg to grams (g), NB: 1kg = 1000g.
Answers
Answer:
Explanation:
The answer is 4000 g
which statement best describes how investment in the stock market during the mid-to-late 1920s contributed to the great depression?
Answers
Investment in the stock market during the mid-to-late 1920s played a significant role in contributing to the Great Depression.
The stock market was booming, and people were buying stocks on margin, which meant they were borrowing money to invest in stocks. As the stock prices continued to rise, people began to buy more and more, leading to a speculative bubble.
However, in 1929, the stock market crashed, leading to a massive sell-off. People who had invested heavily in the stock market saw their fortunes disappear overnight, leading to a loss of confidence in the economy.
Banks also suffered as they had lent money to investors who were unable to repay their loans. This resulted in a decrease in spending and investment, leading to a decrease in production and ultimately to the Great Depression.
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How can you use the skills and habits of mind of physics to develop and demonstrate scientific literacy, curiosity, creativity, and critical thinking, and to pursue lifelong learning and career opportunities in science and related fields?
Answers
Physics gives pupils the means to explore the natural world, conduct experiments, and improve their capacity for reflection and understanding of their surroundings.
Why is the ability to think critically vital for scientists?Beyond simple description, critical thinking takes us to the realms of scientific inference and reasoning. This is what makes it possible to make discoveries and develop inventions.
What are critical thinking and scientific literacy?Critical thinking (CT) and scientific literacy (SL) are essential elements of science education that aim to enable students to think and act as responsible citizens in a world where science and technology are increasingly pervasive (S&T).
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Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 250 Units sold 225 Units in ending inventory
Answers
Answer:
Units in ending inventory is 25
Explanation:
The units in ending inventory can be computed using the cost of goods sold formula and rearranging it to make ending inventory the subject of the formula.
Cost of goods sold=beginning inventory+units produced-ending inventory
ending inventory=beginning inventory+units produced-Cost of goods sold
beginning inventory is 0
units produced is 250 units
unit sold is 225 units
ending inventory=0+250-225
ending inventory=25 units
decision trees are particularly useful when a. all possible outcomes and alternatives are not known. b. perfect information is available. c. formulating a conditional values table. d. the opportunity loss table is available. e. a sequence of decisions must be made.
Answers
Decision trees are particularly useful when a sequence of decisions must be made. Hence Option E is the answer.
Define decision tree.The development of prediction algorithms for a target variable or the establishment of classification systems based on numerous variables are two prominent applications of the decision tree technique. DTs are a non-parametric supervised learning approach that can be used for regression and classification.
The objective is to learn straightforward decision rules derived from the data features in order to build a model that predicts the value of a target variable. Each internal node represents a "test" on an attribute, each branch indicates the result of the test, and each leaf node represents a class name in this flowchart-like structure (decision taken after computing all attributes).
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An effective decision maker ensures quality information by: A. Discounting conflicting opinions. B. Defending baseline data from reports received from other sources. C. Validating information to be true and accurate. D. Avoiding secondary sources of information.
Answers
The correct answer is C. Validating information to be true and accurate
Explanation:
The process of making decisions involves analyzing the options available through different sources of information. For example, if you are planning to go on vacation but you have not chosen the destination you can read articles about the best places to visit to take an informed decision.
Besides this, the process of finding and reading information to make a decision involves making sure the information is high-quality information, this can be done by analyzing whether the information in the source is supported, updated and written by an expert in the field, which shows the information is true and accurate and guarantees you have reliable information to make a decision. Thus, an effective decision maker ensures quality information by "validating information to be true and accurate".
Which function identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies, and establishes prices?
Answers
The function that identifies prospects in the marketplace, works with research and development to create products, develops promotion strategies and establishes prices is known as Marketing.
What is Marketing?It refers to the process of creating, distributing, pricing and promoting goods, services in order to facilitate satisfying exchange relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment.
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How external costs are example of market failure
Answers
Answer:
An external cost occurs when producing or consuming a good or service imposes a cost (negative effect) upon a third party. If there are external costs in consuming a good (negative externalities), the social costs will be greater than the private cost. The existence of external costs can lead to market failure.
Explanation:
3 Pea Green Split Dried 4099115, is packed 1/20 LB by Sysco Classic and costs $20.63 per case. How much do the split peas cost per pound? O nn You purchase a 50# case of potatoes. Once peeled, you are left with 35# of usable product. What is the yield percent of the potatoes?
Answers
The cost of split peas per pound is approximately $20.63 x (20/1) = $412.60 per pound.
The yield percentage of the potatoes is (35/50) x 100 = 70%.
The cost of split peas per pound can be calculated by dividing the total cost of the case by the weight of the case. In this case, the cost of the case is $20.63 and the weight of the case is 1/20 pound. To find the cost per pound, we can multiply the cost of the case by the reciprocal of the weight of the case: The cost of split peas per pound is approximately $20.63 x (20/1) = $412.60 per pound.
To calculate the yield percentage of the potatoes, we need to divide the weight of the usable product by the weight of the original product (before peeling) and multiply by 100 to get the percentage: The yield percentage of the potatoes is (35/50) x 100 = 70%.
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when the price of margarine is $2 per unit, 10 units of butter are demanded. when the price of margarine increases to $6 per unit, 30 units of butter are demandded
Answers
The demand for butter increases from 10 units to 30 units when the price of margarine increases from $2 to $6 per unit. This can be attributed to the negative relationship between the price of margarine and the demand for butter, as well as consumer preferences and the availability of substitutes.
When the price of margarine is $2 per unit, the demand for butter is 10 units. However, when the price of margarine increases to $6 per unit, the demand for butter increases to 30 units. This suggests that there is a negative relationship between the price of margarine and the demand for butter.
The change in the quantity demanded of butter in response to a change in the price of margarine can be explained by the law of demand. According to the law of demand, as the price of a good increases, the quantity demanded for that good decreases, ceteris paribus. In this case, as the price of margarine increases from $2 to $6 per unit, the demand for butter increases from 10 units to 30 units.
The change in demand for butter can be attributed to several factors. One possible explanation is that butter is a substitute for margarine, and as the price of margarine increases, consumers switch to butter as a cheaper alternative. Additionally, consumers may perceive butter to be of higher quality or prefer its taste over margarine, leading to an increase in demand as the price of margarine rises.
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Complete question - What is the price elasticity of demand for butter when the price of margarine increases from $2 per unit to $6 per unit, resulting in a change in butter demand from 10 units to 30 units?
Explain the development process, evaluation tools, implementation of
relevant data to support development of quality management Systems
especially Strategic Plan for Quality in Health in Malaysia. Briefly
describe at least 10 tools that are under Total Quality Management
(TQM)
Pareto Diagram
Fishbone/Ishikawa Diagram
Check Sheet
Process Flow Diagram
Scatter Diagram
Histogram
Control Chart
Benchmarking
Random Sampling
Reliability
Answers
The development process for a quality management system, specifically the Strategic Plan for Quality in Health in Malaysia, involves evaluating tools and implementing relevant data.
The development process for a quality management system, such as the Strategic Plan for Quality in Health in Malaysia, requires the use of evaluation tools and relevant data. These tools help in analyzing and improving various aspects of quality within the healthcare sector. Here are brief explanations of ten TQM tools:
Pareto Diagram: It illustrates the significant factors contributing to quality issues, helping prioritize improvement efforts.Fishbone/Ishikawa Diagram: It identifies potential causes of quality problems by analyzing various categories, such as equipment, processes, people, and materials.Check Sheet: It is a simple data collection tool that helps record and organize data for analysis and problem-solving.
Process Flow Diagram: It visually represents the sequence and interactions of activities within a process, aiding in identifying areas for improvement.Scatter Diagram: It shows the relationship between two variables, helping understand potential correlations or patterns.Histogram: It presents the distribution of data, allowing analysis of frequency and variability.Control Chart: It tracks and displays process variation over time, enabling the identification of trends, shifts, or outliers.Benchmarking: It involves comparing performance against industry leaders or best practices to identify areas for improvement.
Random Sampling: It involves selecting a representative sample from a larger population for analysis, ensuring unbiased data collection.Reliability: It assesses the consistency and dependability of a process or system, aiming to reduce failures and enhance quality.
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An agent and an applicant for a life insurance policy fill out and sign the application. However, the applicant does not wish to give the agent the initial premium, and no conditional receipt is issued. When will coverage begin?
Answers
Answer:
The coverage will start when the life assured/assured pay the premium on the life assured
Explanation:
In Insurance, the rule say "No Premium, No Cover". It is a serious offense for an insurance office/life office to provide cover on a life that has not paid the premium.
The filling out of the policy only indicate "Offer" towards enforcing the policy from the assured side, we should not forget that the Insurance company giving the assured the proposal form to fill is an "Offer to Invitation". After this, the "Acceptance" will take place which is when the the the assured has submitted the Proposal form and the Life office has agree to provide cover. However, if the premium called "Consideration" has not been paid, no cover exist.
I need help I don’t get this
Answers
The friest answer bc she said budget
Answer:
it's C, because when you budget you are trying to save money.
Explanation:
What amount would a person with actual cash value coverage receive for four-year-old furniture destroyed by a fire? The furniture would cost $4,000 to replace today and had an estimated life of eight years. Insurance payment _____
Answers
In actual cash value (ACV) coverage, actual the insurance payment for the destroyed furniture would take into account depreciation based on the age
and estimated life of the item. Given that the furniture is four years old with an estimated life of eight years, it has reached half of its expected lifespan. To calculate the insurance payment, we need to determine the depreciation. Since the furniture has reached half of its expected life, the depreciation would be 50% of the replacement cost. cash value Therefore, the depreciation amount would be 50% of $4,000, which is $2,000. The insurance payment for the four-year-old furniture would be the replacement cost minus depreciation. Therefore, it would be $4,000 - $2,000 = $2,000. Thus, the person with actual cash value coverage would receive an insurance payment of $2,000 for the destroyed furniture.
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This PA 2 assignment requires you to identify a current change in an organization with which you are familiar, and evaluate a current public issue about which "something must be done." In relation to the change issue, think about what sense-making changes might need to be enacted and how you would go about doing this. Then, design a mindmap visually assessing this in terms of the eight (8) elements of the sense-making framework suggested by Helms Mills and as set out in Table 9.7:
Sensemaking and identity construction
Social sense-making
Extracted cues of sensemaking
Ongoing sense-making
Retrospection
Plausibility
Enactment
Projective sense-making
Make sure you visually address the following questions:
Which ones did you believe you might have the most/least control over, and why?
What implications does this have for adopting a sense-making approach to organizational change?
Note Course :BUS 700 Leadership and Creative Solution Implementation Area : Management
Answers
We can see here a mindmap that visually assesses the eight elements of the sense-making framework suggested by Helms Mills in relation to a current change in an organization:
Social sense-making
How does the change impact the organization's social networks?How does the change impact the employees' social interactions?What is sense-making change?Sense-making change refers to the process of understanding and making sense of organizational changes.
Extracted cues of sensemaking
What are the key cues that employees are using to make sense of the change?How can the organization provide more information and feedback to help employees make sense of the change?Ongoing sense-making
How can the organization create a culture of ongoing sense-making and learning?How can the organization encourage employees to share their thoughts and ideas about the change?Retrospection
How can the organization reflect on the change and learn from it?How can the organization use what it has learned to improve its future change efforts?Plausibility
How can the organization make the change seem more plausible to employees?How can the organization provide clear and convincing reasons for the change?Enactment
How can the organization help employees enact the change.How can the organization provide training and support to help employees make the change?Projective sense-making
How can the organization help employees project themselves into the future and imagine what the organization will be like after the change?How can the organization create a sense of excitement and anticipation about the future?Learn more about sense-making on https://brainly.com/question/31602893
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what is the best way for a certifying officer to prevent pecuniary liability?
Answers
By only certifying travel documents that are legal, proper, and correct.
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
In early year 8, Alice sold Tom, her son, 20 shares of common stock for $20,000. Alice had paid $25,000 for the stock in year 2. In late year 8, Tom sold the stock to an unrelated third party for $35,000. How much gain must Tom report in his year 8 tax return for the sale of the stock
Answers
Answer:
He must report 15,000 gain in his year 8 tax...........
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
ou are given the following data tables:
Employees(EmployeeID, LastName, FirstName, BirthDate, Notes)
Orders(OrderID, CustomerID, EmployeeID, OrderDate, ProductID, UnitPrice, Quantity, ShipperID)
Note that:
The data type of "LastName", "FirstName", and "Notes" is string.
The data type of "OrderID", "ProductID", "UnitPrice", "Quantity", "CustomerID", "EmployeeID" ,and "ShipperID" is number.
The data type of "BirthDate" and "OrderDate" is date.
"EmployeeID" in relation "Orders" represents the single employee who handles this order, and it is a foreign key that references "EmployeeID" in relation "Employees".
Each order contains only a single type of product with a positive quantity.
Question: Find all orders where the shipper ID of the order is gr
Answers
Based on the given data tables, if you want to find all orders where the shipper ID of the order is "gr," you would need to query the "Orders" table using the appropriate filter condition.
SELECT *
FROM Orders
WHERE ShipperID = 'gr';
This query selects all columns ("*") from the "Orders" table and applies a filter condition to retrieve only the rows where the shipper ID is "gr." Please note that the query assumes the shipper ID values are stored as strings, based on the given data type of "ShipperID" being a string. Adjust the query accordingly if the actual data type of "ShipperID" is different. the given data tables, if you want to find all orders where the shipper ID of the order is "gr," you would need to query the "Orders" table using the appropriate filter condition.
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Banks that practice fractional reserve banking are able to:
A. change the interest rates on loans for any reason.
B. provide financial services to customers at no cost.
C. lend most of the money they hold as deposits.
D. return all of their deposited cash at any time.
Answers
Answer:
C. lend most of the money they hold as deposits.
Explanation:
Banks that practice fractional reserve banking are able to lend most of the money they hold as deposits.
Fractional reserve banking is a banking system in which banks are required to hold only a fraction of the money deposited by customers in reserve while lending out the remaining amount to earn interest. The fraction of deposits that banks are required to hold in reserve is typically set by central banks or regulatory authorities.
This means that banks are able to lend out most of the money they hold as deposits, while still maintaining enough reserves to meet their obligations to depositors. This practice allows banks to earn interest on loans and generate profits, while also providing a source of credit for borrowers who need it.
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