Which of the following would NOT be considered a cash equivalent? OA. Foreign currency B. Money market funds OC. 60-day treasury notes OD. 3 month certificates of deposits
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- Which one of the following is not a cash equivalent? a.90-day treasury bill b.30-day certificate of deposit c.180-day note issued by a local or provincial government d.60-day corporate commercial paperLet us assume that a bank acquired reserves and deposits equal to ₱1,000 with a required reserve of 10% as imposed by the central bank. Solve for the amount of money that the bank can lend, given the reserves that are legally required to support the ₱ 1,000 deposit and the money multiplierWhich one of the following is classified as a cash or cash equivalent? Select one: a. Prepaid insurance b. Restricted bank account that cannot be used for operations c. Bank overdraft d. Government debt investment with 30 days to maturity e. Post-dated cheque
- All of the following items are included on the balance sheet as Cash and Cash Equivalents excepta. certificates of deposit.b. time deposits.c. 4-week U.S. Treasury bills.d. All of the above are included.Listed below are 7 interbank cash transfers for late December 2020 and early January For each transfer, indicate whether cash is: Understated, Overstated or Correct. Disbursing Bank Dates Receiving Bank Dates Check# Per Bank Per Books Per Bank Per Books Understated, Overstated or Correct? CK1 01/04/21 01/01/21 01/03/21 01/01/21 CK2 01/03/21 01/02/21 12/31/20 01/03/21 CK3 12/31/20 01/03/21 12/30/20 01/03/21 CK4 12/29/20 12/29/20 12/29/20 12/29/20 CK5 01/04/21 12/31/20 01/02/21 01/02/21 CK6 01/02/21 01/01/21 12/31/20 12/31/20 CK7 01/02/21 12/30/20 12/31/20 12/30/20QuestionSteinert Company has the following items at year-end:Cash in bank £52,500Petty cash 850Commercial paper with maturity of 2 months 7,200Postdated checks 3,100What amount Steinert should report as cash and cash equivalents?
- Blakely Industries has the following items: Currency $26,250 Customer checks that have not been deposited 700 U.S. government bonds that originally maturing in 3 months 13,000 U.S. government bonds that originally maturing in 12 months 14,000 Cash in saving and checking accounts 64,000 Certificates of deposits that originally maturing in 18 months 47,000 Required: How much should Blakely report as cash and equivalents on its balance sheet?Use T-accounts to show the impact of deposits withdrawals of 350 million from DIs on balance sheets of customers, the Central bank and DIs, monetary base and money stock if required reserves ratio is 0.1, excess reserves ratio is 0.05 and currency ratio is 0.10.Which of the following statements is correct? a.Cash in bank is generally valued at face amount b.Cash in foreign currency is valued at Philippine peso using the current exchange rate that is favorably to the company during the current reporting period. c.Cash in financial institutions having financial difficulty or in bankruptcy should be shown at it face d.a bank statement is a statement, which brings into agreement the cash balance per book and cash balance per bank
- Cash Reporting Richter Industries has the following items: Currency $27,500 Customer cheques that have not been deposited 850 Canada government bonds that originally mature in 3 months 11,000 Canada government bonds that originally mature in 12 months 14,000 Cash in savings and chequing accounts 50,000 Certificates of deposits that originally mature in 18 months 47,000 Required: How much should Richter report as cash and equivalents on its balance sheet?Given the following information Reserve requirement for demand deposits = 12% Cash in circulation = RM 210 millions Demand Deposits = RM 574 millions Money Market Deposits = RM287 millions Reserves loaned from Central Bank = RM 15 millions Non-loan reserves in Central Bank = RM94 millions Excess Reserves = RM 0.96 millions Assume that the money market deposit is not subject to reserve requirements. i) Calculate the value of money multiplier for M1 and M2 ii) If you wish that the Central Bank will expand its monetary base (M1) so money supply (M1) would grow by 3% over the next one year, how much should the monetary base change in order to realize the changes?Using T-accounts, demonstrate the impact on reserves, checkable deposits, and the monetary base when a bank depositor withdraws RM5,000 of currency from his account.