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Len
6 days ago
11

Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus’s dad borrows $20,000 to b

uy a new family car. Gus’s $15 represents a(n) ____ for the bank, while his dad’s $20,000 loan represents a(n) ____ for the bank
Business
1 answer:
harina [3.5K]6 days ago
8 0
liability, asset. Liabilities represent future obligations that a business must fulfill, expressed in monetary terms. They are categorized based on their due periods into current and long-term liabilities, such as payments owed to a supplier or a loan repayment. On the other hand, assets indicate something that provides future economic advantages. Assets can take various forms, including tangible fixed assets, movable assets, or intangible assets like Goodwill. In this context, regarding a bank's standpoint, the acceptance of deposits by the bank is considered a liability because it needs to pay these deposits when the customer requests them. Conversely, the loans given by the bank are viewed as assets, as the bank is expected to receive these amounts back along with interest in the future.
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The Meduri fruit company is using the brand asset valuator tool from Young & Rubicam. Meduri has surveyed a wide segment of
Katen [3220]

The accurate response to this open question is as follows.

Even though no options are listed, we can discuss that the dimensions of the company referenced are the dimensions of Marketing and Strategy. The other two, Operations and Finances, are also important but not emphasized in the statement.

It's advantageous that the Meduri fruit company is evaluating itself to find its positioning in the market and to uncover opportunities that may be overlooked due to "corporate blindness." Utilizing the brand asset valuator tool by Young & Rubicam is advisable for discovering new insights about the brand and exploring future possibilities, challenges, and opportunities. After analyzing its findings, Meduri should formulate a marketing and branding strategy to capitalize on those potentials and to reestablish the brand's image in consumers' minds.

4 0
1 month ago
A buyer with a 15-year, $250,000 loan at a 5.5% interest rate has a monthly principal and interest payment totaling $2,042.71. W
marusya05 [3433]

Given:

Loan amount = $250,000

Interest rate = 5.5%

Interest payment = $2,042.71

To find:

Total amount of interest

Solution:

The total duration in 15 years equals 15\times12=180\text{ years }

Overall monthly payments will be 180\times \$2042.71 = \$367687.8

Thus, the complete payback sum is $367,687.80

<pThe total interest to be paid is calculated as follows,

\text{Total interest paid = Total pay-backs - Loan amount}

By substituting the appropriate values into the equation above, we determine that,

\Rightarrow \$3,67,687.8-\$250,000=\$1,17,687.80

The total interest amount that the borrower will end up paying throughout the loan period is $117,687.80.

8 0
1 month ago
A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It
Scilla [3549]
Option (B) is the right choice. Explanation: Calculating the depreciable basis involves subtracting residual value from cost, which here results in $190,000 - $10,000, giving us $180,000. The usage is identified as 75,000 bolts. The first-year figures indicate the book value starts at $190,000, while 15,000 bolts were created, translating the depreciation expense into 15,000 multiplied by $2.40, equal to $36,000. Subsequently, the ending book value becomes $190,000 minus $36,000, resulting in $154,000. For Year 2, using 19,000 units leads to a depreciation expense of $45,600. The concluding book value for Year 2 becomes $108,400, while accumulated depreciation for both years culminates at $81,600.
8 0
11 days ago
Scenario: mary ling works for xyz corporation, llc and they have just merged with abc, inc. mary’s job, supervisor, and work loc
arsen [3236]

Answer:

Mary must submit official paperwork related to the merger or name change to the DSO, ensuring her records are updated.

Explanation:

Since the firm has merged and changed its name from XYZ Corporation to ABCXYZ Inc, Mary needs to draft a formal notification to her DSO regarding this change and the merger.

The DSO will then amend her records with the University of the Cumberlands.

4 0
1 month ago
A cell phone company has a fixed cost of $1,500,000 per month and a variable cost of $20 per month per subscriber. The company c
Free_Kalibri [3484]
a. The break-even point equals Fixed Cost divided by Contribution per unit. This results in a break-even point of $1,500,000 divided by $19.95, which equals 75,188 subscribers. b. The new break-even point would be calculated by $1,500,000 divided by $24.95, yielding 60,120 subscribers. c. Currently, the subscriber base consists of 73,000, and after accounting for a loss of 10,000 subscribers, the adjusted total is 63,000. Since 60,120 subscribers are required to break even, the company remains profitable with 2,880 extra subscribers exceeding the break-even number.
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16 days ago
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