The only liability of the bank is deposits that households keep at the bank.The only two assets of the bank are the loans it makes out and the reserves it keeps.Banks are profit maximizers and keep only the required reserves (i. e. excess reserve = 0)When loans are made, households will redeposit this loan in their checking accounts and use checks.The reserve ratio is 20%.

Diversified semiconductors sells perishable electronic components. some must be shipped and stored in reusable protective containers. customers pay a deposit for each container received. the deposit is equal to the container’s cost. they receive a refund when the container is returned. during 2018, deposits collected on containers shipped were $856,000. deposits are forfeited if containers are not returned within 18 months. containers held by customers at january 1, 2018, represented deposits of $587,000. in 2018, $811,000 was refunded and deposits forfeited were $41,000. required: 1. prepare the appropriate journal entries for the deposits received and returned during 2018. 2. determine the liability for refundable deposits to be reported on the december 31, 2018, balance sheet.

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies

An object that is clicked on and takes the presentation to a new targeted file is done through a