Business, 19.12.2019 23:31, villafana36
Abank has book value of $5 million in liquid assets and $95 million in nonliquid assets. large depositors unexpectedly withdraw $9.5 million in deposits. to cover the withdrawals the bank sells all of its liquid assets at book value. to raise the additional funds needed the bank sells the necessary amount of nonliquid assets at 80 cents per dollar of book value. as a result, the bank's equity will
a. remain unchanged
b. fall $4.5 million
c. fall $3.6 million
d. fall $1.4 million
e. fall $5.0 million
Answers: 2
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(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?
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On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?
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Abank has book value of $5 million in liquid assets and $95 million in nonliquid assets. large depos...