If a fixed asset, such as a computer, were purchased on January 1 for $2,061 with an estimated life of 5 years and a salvage or residual value of $159, the journal entry for monthly expense under straight-line depreciation is

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Type of deposit reserve requirementcheckable deposits $7.8 - 48.3 million 3%over $48.3 million 10noncheckable personal savings and time deposits 0refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are$1.2 million.

Anderson farms, inc. provided the following for 2018: cost of goods sold (cost of sales)$1,300,000beginning merchandise inventory340,000ending merchandise inventory630,000calculate the company's inventory turnover ratio for the year. (round your answer to two decimal places.)