In which of the following cases is a firm most likely to have intangible critical assets?
A) JEG Inc. manufactures automobile parts for a number of car manufacturers and the major portion of its investment is in machinery and equipment.
B) N&S Corp. is a transport and shipping company with a presence throughout the U.S. and its fleet of trucks contributes significantly to its output.
C) Orangetree Inc. has a number of hotels across the country. The company's success depends on increasing customer satisfaction by perfecting employees' customer service techniques.
D) BLT is a fast food chain on the East Coast. The company recently automated most of its processes in order to increase customer convenience.
Answer: C
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Reserves held by banks at the Fed that earn implicit interest payments in the form of earnings credits for Fed services are known as
a. required clearing balances. b. reserve requirements. c. excess reserves. d. non-transaction deposits.
To obtain an estimate of value, an appraiser:
a. consolidates all indications of value and arrives at an appropriate amount. b. looks into the future for indications of changes in market value. c. makes a reconciliation of the three indications of value. d. examines the three indications of value and takes the most appropriate one.