mouse121003 mouse121003

21-11-2022
Mathematics

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Assets = $300,000 in cash, $200,000 in Accounts Receivable, 100,000 in Inventory, and $50, 000 in notes receivable Liabilities = $600,000 in Deposits, $50,000 in Notes Receivables The required reserves are 10%. What is the excess reserves number?

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