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SVETLANKA909090 [29]
2 years ago
9

A bank receives a demand deposit of $10,000. The bank is now in a position to extend additional loans of $8,000. What is the leg

al reserve requirement
Business
1 answer:
ANEK [815]2 years ago
3 0

If the bank is now in a position to extend additional loans of $8,000. The legal reserve requirement is: 20 percent.

<h3>Legal reserve requirement</h3>

Using this formula

Legal reserve requirement=( Demand deposit -Additional loans/Demand deposit

Let plug in the formula

legal reserve requirement=($10,000-$8,000)/$10,000

Legal reserve requirement=$2,000/$10,000×100

legal reserve requirement=20%

Therefore the legal reserve requirement is: 20 percent.

Learn more about legal reserve requirement here:brainly.com/question/14177894

#SPJ1

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Agata [3.3K]
B i think hope this helps tell me if im wrong or right
5 0
3 years ago
Tri Fecta, a partnership, had revenues of $362,000 in its first year of operations. The partnership has not collected on $46,400
OverLord2011 [107]

Answer:  $185,500

Explanation:

Total cash received = Sales revenue - Accounts receivable + owner's investment + amount borrowed

                                 = $362,000 - $46,400 + $42,000 + $30,000

                                 = $387,600

Total cash disbursement = Merchandise purchased - Accounts payable + Salaries + Interest + Insurance

                                          = $200,000 - $38,600 + $28,100 + $2,700 + $9,900

                                          = $202,100

Ending cash balance = Total cash received - Total cash disbursement

                                   = $387,600 - $202,100

                                   = $185,500

8 0
3 years ago
The selling price of a product is $8,000. The cost and hassle involved in buying the product is $175. The benefit received from
Rainbow [258]

Answer:

These are the options for the question:

a) A + $8,000

b) $8,000 + $400

c) $8,000 - A

d) A-($8,000 + $175)

e) (A + 400) - ($175)

And this is the correct answer:

d) A-($8,000 + $175)

Explanation:

The buyer's value is the total value that a consumer obtains from a product after substracting the purchase cost, and the cost of the personal effort involved in obtaining the product.

The formula is:

Buyer's Value = Benefit Received - (Selling Price + Cost of Effort to Purchase)

If we plug the amounts into the formula we obtain the correct option:

Buyer's Value = A - ($8,000 + $175)

4 0
3 years ago
Amelia loves to splurge on clothes. However, when she was out shopping the other day, Amelia bought much less than she usually d
zepelin [54]

Answer:

The correct answer is letter "B": Consumer's buying power.

Explanation:

The consumer's buying power is the total amount of money the customer has to acquire goods or services whether out of cash, checking accounts or credit cards that the person possesses. It is the value of money in terms of the capacity it could buy at a specific time.

In the example, Amelia's buying power was reduced since she forgot her credit card at home being that the reason why she purchased lesser clothing than usual.

4 0
3 years ago
Describe an example of two products you could combine in a display in the store to show how they could work together. (1-2 sente
Advocard [28]

Answer: Printer and Ink cartridge

Explanation: Complementary products are products that are bought and used together,these products require the presence of the other for it to be effectively used.

Examples of Complementary products are Printer and cartridge, pencil and eraser, shoe and polish etc this product are known as Complementary because the effective usage of one must be with the other.

5 0
3 years ago
Read 2 more answers
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