Bartleby bank has a book value of $6 million in liquid assets and $85 million in nonliquid assets. bartleby bank experienced unexpected deposit withdrawals of $7 million. to compensate, bartleby sold its liquid assets at book value. to raise the additional funds, however, bartleby is required to sell some of its nonliquid assets, which it will receive 90 cents on the dollar. as a result, the bartleby's equity will

decline by $1.0 million
decline by $3.6 million
decline by $1.35 million
decline by $2.25 million.
remain unchanged

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?