(Answered) Discussionsplease pay close attention to instructions and

Accounting

Discussions

Please pay close attention to instructions and complete discussion 1 and 2 along with replies to classmates.

Discussion 1: Banks

Does the fact that your bank keeps only a fraction of your account balance in reserve make you uncomfortable? Why don't people rush to the bank and retrieve their money? How do banks prevent panics from occurring?

Guided Response: Respond to at least two of your fellow students' postings

Discussion 2: Season Three

Post your income statement, balance sheet, economic profit statement and financial ratios for season one, two and three of your lemonade stand that are going to be used in your economic report. Point out two items in your report that you think are most interesting.

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