Answers
Answer:
She has the peace of mind that her money will remain safe in the bank.
Explanation:
A "deposit money" refers to an amount of money that a person deposits/puts into the bank for the reason of keeping it safe. This is the actual benefit of depositing money.
However, if Lila deposits her earnings into a savings account, it will earn interest. It is only the checking account that doesn't earn interest over time because it is meant for daily transactions. This makes the second sentence (She does not receive any interest from her savings account) incorrect.
Transferring money through checks is actually safer than withdrawing cash and carrying it with you. Thieves will be attracted to steal your money if you carry it around. Checks can be traced and it can only be cashed out by the person you've issued it to. This makes the third sentence (She feels that transferring money through checks is unsafe) incorrect.
Answer:
She has the peace of mind that her money will remain safe in the bank.
Explanation:
A "deposit money" refers to an amount of money that a person deposits/puts into the bank for the reason of keeping it safe. This is the actual benefit of depositing money.
However, if Lila deposits her earnings into a savings account, it will earn interest. It is only the checking account that doesn't earn interest over time because it is meant for daily transactions. This makes the second sentence (She does not receive any interest from her savings account) incorrect.
Transferring money through checks is actually safer than withdrawing cash and carrying it with you. Thieves will be attracted to steal your money if you carry it around. Checks can be traced and it can only be cashed out by the person you've issued it to. This makes the third sentence (She feels that transferring money through checks is unsafe) incorrect.
Related Questions
Whistle Stop pays a constant annual dividend of $4 on its stock. The company will maintain this dividend for the next 3 years and will then cease paying dividends forever. What is the current price per share if the required return on this stock is 15.6 percent?
a. $10.38
b. $9.52
c. $9.04
d. $9.28
e. $10.02
Answers
Answer:
P0 = $9.04279 rounded off to $9.04
Option c is the correct answer
Explanation:
Using the the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the price of the stock today, we will use the following formula,
P0 = D1 / (1+r) + D2 / (1+r)^2 + D3 / (1+r)^3
Where,
r is the required rate of returnP0 = 4 / (1+0.156) + 4 / (1+0.156)^2 + 4 / (1+0.156)^3
P0 = $9.04279 rounded off to $9.04
Toyota was recently able to endure challenging times that required massive recalls affecting several million of its vehicles. Toyota has relied on its _____ to survive and continue to prosper. a. brand extension.
b. family branding.
c. individual branding.
d. Brand equity.
e. Brand loyalty.
Answers
Answer:
d is your answer
Explanation:
Market value ratios provide management with an indication of how investors view the firm's past performance and especially its future prospects.
a. True
b. False
Answers
Answer:
a. True
Explanation:
Market value ratios can be defined as a financial metrics used by an organization to measure the current share price (economic status) of the organization's stock that is held publicly.
Some examples of the commonly used market value ratios includes;
- Market value per share.
- Price/cash ratio.
- Book value per share.
- Earnings per share.
- Market/Book ratio.
- Price/Earnings ratio.
- Dividend yields.
Basically, the market value ratios are adopted by current and potential investors of a business firm so as to determine whether or not the firm's shares are underpriced, priced fairly or overpriced.
Hence, market value ratios provide management with an indication of how investors view the firm's past performance and especially its future prospects.
it is not easy to rule India with only one government
Answers
Purpose of listening in communication
Answers
Answer:
Listening skill allows one to make sense of and understand what another person is saying. In other word listening skills allow people to understand what someone is talking about -the meaning behind the word.. The ability to listen carefully allows worker to better understand assignments they are given.
Company BFM has several bond issues outstanding, each making semiannual interest payments. The bonds are listed below. If the corporate tax rate is 15%, what is the aftertax cost of debt?
Bond Coupon Rate Price Quote Maturity Face Value
1 7.5% 105.0 5 years $20,000,000
2 5.8 95.4 8 years 40,000,000
3 7.7 103.8 15 1/2 years 45,000,000
4 8.1 105.7 25 years 60,000,000
Answers
Answer:
bond 1:
YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]
YTM = {750,000 + [(20,000,000 - 21,000,000) / 10]} / [(20,000,000 + 21,000,000) / 2]
YTM = 650,000 / 20,500,000 = 3.17 x 2 = 6.34%
after tax cost of debt = 6.34% x (1 - 15%) = 5.39%
bond 2:
YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]
YTM = {1,160,000 + [(40,000,000 - 38,160,000) / 16]} / [(40,000,000 + 38,160,000) / 2]
YTM = 1,275,000 / 39,080,000 = 3.26 x 2 = 6.53%
after tax cost of debt = 6.53% x (1 - 15%) = 5.55%
bond 3:
YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]
YTM = {1,732,500 + [(45,000,000 - 46,710,000) / 31]} / [(45,000,000 + 46,710,000) / 2]
YTM = 1,677,339 / 45,855,000 = 3.66 x 2 = 7.32%
after tax cost of debt = 7.32% x (1 - 15%) = 6.22%
bond 4:
YTM = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]
YTM = {2,430,000 + [(60,000,000 - 63,420,000) / 50]} / [(60,000,000 + 63,420,000) / 2]
YTM = 2,361,600 / 61,710,000 = 3.83 x 2 = 7.65%
after tax cost of debt = 7.65% x (1 - 15%) = 6.51%
This legislation protects individuals who are 40 years of age or older.
Civil Rights Act of 1964
Age Discrimination in Employment Act of 1967 (ADEA)
Americans with Disabilities Act of 1990 (ADA)
The Rehabilitation Act of 1973 (Sections 501 and 505)
Answers
Answer:
Age Discrimination in Employment Act of 1967 (ADEA)
Explanation:
The Age Discrimination in Employment Act of 1967 (ADEA) protects Job applicants aged 40 years and above from discrimination based on age in the hiring process. It also advocates for fair and equal treatment to employees of ages 40 and beyond regarding promotion, compensation, and other employment privileges.
The Equal Employment Opportunity Commission enforces the ADEA act.
A company had a beginning balance in retained earnings of $43,900. It had net income of $6,900 and declared and paid cash dividends of $5,850 in the current period. The ending balance in retained earnings equals:________
a. $5,850
b. $12,750
c. $42,850
d. $44,950
e. $56,650
Answers
Answer: d. $44,950
Explanation:
Dividends are to be paid from Retained earnings so the ending retained earnings are;
= Beginning retained earnings + Net income - dividends
= 43,900 + 6,900 - 5,850
= $44,950
Big Valley has a times interest earned ratio that is _________, which indicates that Big Valley has _________ long-term insolvency risk than the typical firm in the industry.
a. 4; the same
b. 3.91; less
c. 3.91; more
d. 4.58; more
e. 4.58; less
Answers
Answer:
C. 3.91; more
Explanation:
the first part of the question is missing. It involved several aspects of Big Valley including its current and quick ratios, ROE and how they compare to the industry's average (they are generally lower than the industry's average).
This particular question refers to times interest earned ratio = EBIT / interest expense = 3.91, and how it compares to the industry's average (it is higher than the industry's average).
Since Big Valley performs poorly against the industry's average when comparing the other 3 metrics, but performs very well in the times interest ratio, it means that Big Valley has a low debt ratio. A low debt ratio results in lower financial leverage and lower interest expense.
Banks and credit unions serve as:
O intermediary between savers and borrowers
O Influence the inflation rate
Creators of financial products
A marketplace where people can buy and sell stock
Answers
Answer:
intermediary between savers and borrowers
Explanation:
Banks and credit unions are types of financial institutions that accept deposits and issue loans to customers and members. By accepting deposits, these institutions accumulate huge amounts of money in their custody. They use this money to issues loans for other customers.
Banks and credit unions make profits from interest charged on loan issued. They accept deposits are lower rates and issues loans at a higher interest rate. These institutions act as intermediaries for collecting resources for businesses and individuals to borrow.
A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1 = $0.50), and it should continue to grow at a constant rate of 9% a year. If its required return is 12%, what is the stock's expected price 1 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.
Answers
Answer:
P1 = $18.16667 rounded off to $18.17
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D1 / (r - g)
Where,
D1 is dividend expected for the next period /year g is the growth rate r is the required rate of return or cost of equity
To calculate the price of the stock today (P0), we use the dividend expected for the next period (D1). Similarly, to calculate the price of the stock one year from today (P1), we will use D2.
P1 = 0.5 * (1+0.09) / (0.12 - 0.09)
P1 = $18.16667 rounded off to $18.17
Larson Lumber makes annual deposits of $500 at 6% compounded annually for 3 years. What is the future value of these deposits?
Answers
Answer: $1,591.80
Explanation:
This is an annuity as the deposits are constant.
The Future value of an annuity is;
= Annuity * Future value interest factor of annuity, 6% , 3 years
= 500 * 3.1836
= $1,591.80
Suppose Value Home and Garden Imports issued 400,000 shares of $0.10 par common stock at $4 per share. Which journal entry correctly records the issuance of this stock?
a. Debit Credit
Common Stock—$0.10 Par Value 1,600,000
Cash 40,000
Paid-ln Capital in Excess of Par—Common 1,560,000
b.
Common Stock—$0.10 Par Value 1,600,000
Cash
c.
Cash 1,600,000
Common Stock—$0. 10 Par Value 40,000
Paid-ln Capital in Excess of Par—Common 1,560,000
d.
Cash 1,600,000
Common Stock—$0. 10 Par Value 1,600,000
Answers
Answer:
The correct general entry is,
Cash 1,600,000 Dr
Common Stock-$0.10 Par value 40000 Cr
Paid-ln Capital in Excess of Par—Common 1,560,000 Cr
Option c is the correct answer
Explanation:
The issuance of stock will mean an inflow of cash to the company as a result. The cash received will be equal to the number of shares issued multiplied by the value at which they are issued.
Thus, cash received will be = 400000 * 4 = $1600000
As the asset is increasing, the cash will be debited.
On the other side of the transaction, the issuance of stock is always recorded at the par value in the common stock account and any amount received in excess of par value is credited to the Paid-in-Capital in excess of par-Common Stock account.
Thus, Common stock will be credited by = 400000 * 0.1 = $40000
The remaining = 1600000 - 40000 = 1560000 will be credited to Paid-in-Capital in excess of par-Common Stock account.
a. Depreciation on the company's equipment for the year 2017 is computed to be $11,000.
b. The Prepaid Insurance account had a $9,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company’s insurance policies showed that $1,590 of unexpired insurance coverage remains.
c. The Office Supplies account had a $330 debit balance at the beginning of the year; and $2,680 of office supplies were purchased during the year. The December 31 physical count showed $389 of supplies available.
d. One-third of the work related to $15,000 of cash received in advance was performed this period. The Prepaid Rent account had a $5,700 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,110 of prepaid rent had expired.
e. Wage expenses of $7,000 have been incurred but are not paid as of December 31. Prepare adjusting journal entries for the
Answers
Answer:
Adjustments, Journal Entries for the year ended
Explanation:
A] Depreciation ac dr 11000
to Machine ac 11000
(Depreciation debited to Profit & Loss Account, deducted from Machine value in asset side of Balance Sheet)
B] Prepaid Insurance ac dr 1590
to Insurance ac 1590
(Prepaid Insurance, subtracted from - 'Insurance' - at debit side of Profit & Loss account)
C] Trading account dr 330
to Opening Stock ac 330
Trading Account dr 2860to Purchase ac 2860
Closing Stock ac dr 389to Trading Account 389
D] Income ac dr 5000*
to Income Advance ac 5000*
(Income Advance, subtracted from 'Income' - at credit side of Profit & Loss account)
Prepaid Rent ac dr 1590**to Rent ac 1590**
(Prepaid Rent, subtracted from 'Rent' - at debit side of Profit & Loss account)
E] Wages ac dr 7000
to Wages outstanding 7000
(Outstanding Wages, added to 'Wages' - at debit side of Trading account)
* 5000 = 1/3rd of 15000 , ** 1590 = 5700 - 4110
Which product/service type should be used when setting up products sold by a company that uses a perpetual inventory system?
a. Product
b. Non-inventory part
c. Service
d. Inventory part
Answers
Answer:
inventory part bro
hope this helps plz mark brainliest give like and five star rating
Jeannie plans to deposit $6,000 in a money market sinking fund at the end of each year for the next four years. What is the amount that will accumulate by the end of the fourth and final payment if the sinking fund earns 9% interest
Answers
Answer:
$27,439
Explanation:
Calculation for the amount that will accumulate by the end of the fourth and final payment
First step is to find the FV of an ordinary annuity of $1 using the table
FV=?
Number of years= 4
interest= 9%
Hence,
FV of of an ordinary annuity of $1 =4.5731
Now let calculate the that will accumulate by the end of the fourth and final payment
End of the fourth and final payment Accumulated amount = $6,000 × 4.5731
End of the fourth and final payment Accumulated amount = $27,439
Therefore the amount that will accumulate by the end of the fourth and final payment will be $27,439
The accumulated net income of a corporation is called its
Answers
Answer:
retained earnings
Explanation:
Accumulated income, also known as retained earnings, includes the portion of net income that is retained by a corporation over time, rather than being distributed as dividends. Any accumulated income is typically used by the corporation to reinvest in its principal business or to pay down its debt.
Wilson, Inc., has a current stock price of $43.00. For the past year, the company had net income of $7,100,000, total equity of $21,750,000, sales of $40,700,000, and 5.8 million shares of stock outstanding. a. What are earnings per share (EPS)? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is the book value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) e. What is the market-to-book ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
Answer:
a. What are earnings per share (EPS)?
earnings per share = (net income - preferred dividends) / average outstanding common stocks = $7,100,000 / 5,800,000 = $1.22
b. What is the price-earnings ratio?
price earnings ratio = stock price / EPS = $43 / $1.224138 = 35.13
c. What is the price-sales ratio?
price sales ratio = market capitalization / total revenue = ($43 x 5,800,000) / $40,700,000 = $249,400,000 / $40,700,000 = 6.13
d. What is the book value per share?
book value per share = total equity / outstanding shares = $21,750,000 / 5,800,000 = $3.75
e. What is the market-to-book ratio?
market to book ratio = market value per stock / book value per stock = $43 / $3.75 = 11.47
On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 10%, determine how much cash the company can borrow with this agreement?
Answers
Answer:
Amount borrow P = $15,026.296
Explanation:
Given:
Amount pay A = $20,000
Number of year n = 3
Rate r = 10% = 0.10
Find:
Amount borrow P
Computation:
A = P[1+r]ⁿ
20,000 = P[1+r]³
20,000 = P[1+0.10]³
20,000 = P[1.10]³
20,000 = P[1.331]
Amount borrow P = $15,026.296
Ratios are used in financial analysis because:
a. different companies use different accounting methods.
b. raw data is difficult to evaluate across time and companies.
c. ratios are complex analysis tools.
Answers
Answer:
b. raw data is difficult to evaluate across time and companies.
Explanation:
There are various ratio that company determines like liquidity ratios, solvency ratios, etc
It helps the company to analyze its financial position, performance and profitability so that the company is able to take the goods decisions that help the company to accomplish its goals and objectives
Now as per the given option, the option b is correct as the raw data is difficult to analyze and evaluate between the time period and the companies
Therefore the correct option is b.
Sheffield Corp. traded machinery with a book value of $978480 and a fair value of $906000. It received in exchange from Ivanhoe Company a machine with a fair value of $1023780. Sheffield also paid cash of $102378 in the exchange. Ivanhoe’s machine has a book value of $978480. What amount of gain or loss should Sheffield recognize on the exchange (assuming lack of commercial substance)?
Answers
Answer:
Gain $72,480
Explanation:
Calculation for the amount of gain or loss that Sheffield should recognize on the exchange
Using this formula
Gain/Loss= Book value – Fair value
Let plug in the formula
Gain/Loss= $978,480 – $906,000
Gain=$72,480
Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480
The number of job evaluation plans used hinges on how detailed an evaluation is required to make pay decisions and how much it will cost. There is no "ready" answer to the question of "one plan versus many".
a. True
b. False
Answers
Answer:
Yes, that's right
Explanation:
Suliman manages a manufacturing plant in North Carolina. Customers are unhappy over late deliveries. Inventories of some parts are high. Others are critically short. Senior management told him he has 3 months to become profitable or the plant will close. In this case, the plant’s income statement is:________
a. a tactical control.
b. a behavioral control.
c. an operational control.
Answers
Answer:
a. a tactical control.
Explanation:
A tactical control can be defined as a collection of operations used to meet the objectives of an organization.
In this scenario, Suliman manages a manufacturing plant in North Carolina. Customers are unhappy over late deliveries. Inventories of some parts are high. Others are critically short. Senior management told him he has 3 months to become profitable or the plant will close. In this case, the plant’s income statement is a tactical control.
Answer: an operational control
The result of inspection of samples taken over the past 11 days is given below. The sample size is 100 per day. Day 1 2 3 4 5 6 7 8 9 10Defectives 7 9 9 11 7 8 0 11 13 2What are the upper and lower control limits?
Answers
Answer:
UCL(p) = 0.157
LCL(p) = 0
Explanation:
Number of samples (n) = 10
Size of sample (n) = 100
We compute the defective rate P as below
P = 7 + 9 + 9 + 11 + 7 + 8 + 0 + 11 + 13 + 2 / 10 * 100
P = 77 / 1000
p = 0.077
We derive σP / value of standard deviation of the sampling distribution as shown below
σP = √P * (1-P) / n
σP = √0.077 * (1 - 0.077) / 100
σP = √0.077 * 0.923/100
σP = √0.071071/100
σP = √0.00071071
σP = 0.02665
Now we calculate the Upper Control chart limit:
UCL(p) = P +Z*σP
UCL(p) = 0.077 + 3*0.02665
UCL(p) = 0.077 + 0.07995
UCL(p) = 0.15695
UCL(p) = 0.157
Now we calculate the Lower Control chart limit:
LCL(p) = P - Z*σP
LCL(p) = 0.077 - 3*0.02665
LCL(p) = 0.077 - 0.07995
LCL(p) = -0.00295 (Negative defect cannot go beyond Zero)
LCL(p) = 0
You believe you will spend $240,000 a year for 25 years once you retire in 17 years. If the interest rate is 3.90% per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) a. How much must you need saved once you reach retirement. $ b. how much must you save each year until retirement to meet your retirement goal
Answers
Answer:
Results are below.
Explanation:
First, we need to calculate the money required at the time of retirement:
FV= 240,000*25= $6,000,000
Now, using the following formula, we can determine the annual investment:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (6,000,000*0.039) / {[(1.039^17) - 1]
A= $255,373.88
Countries establish internal economic zones in order to limit foreign investment. make solving disputes easier. have fewer economic restrictions. create manageable amounts of imports.
Answers
Countries establish internal economic zones in order to have fewer economic restrictions.
What are economic zones?Economic zones occur when groups of nations come together to agree to have a common economic policy. Some remove barriers to trade, allow for free movement of labour between participating countries and have a common currency.
Types of economic zones include:
1. Regional Cooperation Groups.
2. Free Trade Area
3. Customs Union.
4. Common Market
5. Political Union
To learn more about economic zones, please check: https://brainly.com/question/11523287
nce Albert Canning PLC had a net loss of £18,137 on sales of £279,386. a. What was the company’s profit margin? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. In dollars, sales were $359,815. What was the net loss in dollars? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
Answer:
Albert Canning PLC
a) Profit margin = -6.49%
b) The net loss in dollars = -$23,351.99
Explanation:
a) Data and Calculations:
Net loss = £18,137
Sales = £279,386
Profit margin = (Net loss)/Sales * 100
= -£18,137/£279,386 * 100
= -6.49%
b) Sales in dollars = $359,815
The net loss in dollars = $359,815 * -6.49%
= $23,351.99
c) The profit margin is expressed in percentage terms. It depicts the relationship between the profit and the sales revenue.
In a recent 5-year period, mutual fund manager Diana Sauros produced the following percentage rates of return for the Mesozoic Fund. Rates of return on the market index are given for comparison.
1 2 3 4 5
Fund −1.2 23.8 41.7 10.7 0.3
Market index −0.8 14.0 31.2 9.7 −0.6
Required:
1. Calculate (a) the average return on both the Fund and the index, and (b) the standard deviation of the returns on each.
2. Did Ms. Sauros do better or worse than the market index on these measures?
Answers
Answer:
Average return :
Funds = 15.06
Index = 10.70
Standard deviation :
Funds = 16.0457
Index = 11.765
2.) Funds is doing better
Explanation:
Given :
Fund −1.2 23.8 41.7 10.7 0.3
Market index −0.8 14.0 31.2 9.7 −0.6
A.)
Average return : total sum over 5 years / number of years
Average return on funds (a) :
(-1.2 + 23.8 + 41.7 + 10.7 + 0.3) / 5 = 15.06
Average return on market index (b) :
(−0.8 + 14.0 + 31.2 + 9.7 + −0.6) /5 = 10.70
B.)
Standard deviation =sqrt[Σ(x - mean)²/n]
Funds :
[(-1.2 - 15.06)^2 + (23.8 - 15.06)^2 + (41.7 - 15.06)^2 + (10.7 - 15.06)^2 + (0.3 - 15.06)^2] / 5
= √1287.332 / 5
= √257.4664
= 16.0457
Market index :
Sqrt([(-0.8 - 10.70)^2 + (14.0 - 10.70)^2 + (31.2 - 10.70)^2 + (9.7 - 10.70)^2 + (-0.6 - 10.70)^2] / 5)
= sqrt(692.08 / 5)
= sqrt(138.416)
= 11.765
2.) obtain the Coefficient of variation :
Standard deviation / mean
Funds = 16.0457 / 15.06 = 1.065
Market index = 11.765 / 10.70 = 1.0995
Funds is doing better due to its lesser Coefficient of variation than market index.
Dr. North is a busy doctor who also has three kids. Based only on this information, which source of stress is she most likely suffering from?
a. individual task demands
b. demands created by individual differences
c. work-life conflict
d. group demands
e. organizational demands
Answers
Answer:
c. work-life conflict
Explanation:
The kind of stress she is going through bis the work-life crisis. As a doctor her job is very demanding and as a mother to three kids her role at home is also likely to cause stress.
She is suffering from this because her job as a doctor demands that she attends to different patients daily, Which causes her to be exhausted and as a mom she is having difficulty paying much attention to her children. Thereby making her stressed.
Suppose all assets and liabilities can be split into two categories: fixed-rate and variable-rate. Bank profits will decline following a decrease in interest rates if the value of its:_______
a. fixed-rate assets is greater than the value of its variable-rate assets.
b. fixed-rate liabilities is greater than the value of its variable-rate liabilities.
c. fixed-rate assets is greater than the value of its fixed-rate liabilities.
d. fixed-rate assets is less than the value of its fixed-rate liabilities.
Answers
Answer:
c. fixed-rate assets is greater than the value of its fixed-rate liabilities.
Explanation:
In the case when the rate of interest is reduced than the profit of the bank is increased. Also this case applied when the variable rate assets is less than the variable rate liabilities or the fixed rate of the asset is more than the fixed rate liabilities as in the given case the rate of interest would fallen the interest i.e. paid out that reduce more than the reduction in the interest income
Hence, the option c is correct