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1 year ago

This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.

Business

1 answer:

Naya [18.7K]1 year ago

8 0

The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.

The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.

This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.

Find out more on the Interest on Reserve Balances at brainly.com/question/27962333.

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What are some of the advantages and disadvantages of buying a home compared to renting.

nignag [31]

well with buying a home you are stuck with it you cant just move out but with renting you can say ohh im moving and you can give them your key and get out its really not that bard

5 0

3 years ago

Changes in stockholders' equity Listed are the equity sections of balance sheets for years 2014 and 2015 as reported by Mountain

svet-max [94.6K]

a. Mountain Air's net income for fiscal 2015 is $910,000.

b. The number of new shares issued is 1,120,000.

c. The price per share of the new stock sold during 2015 is $4.20.

d. The original price of the shares was $2.08.

a. The net income is

= $1,500,000 - $800,000 + $210,000

= $910,000

b. The number of New Share issued is

= 1,600,000 - 480,000

= 1,120,000

c. The price of the new stock per share sold is

Par Value 1,120,000

Add: Paid In excess Of par (4,100,000 - 520,000) 3,580,000

Net Proceeds from issuance of shares 4,700,000

Number of New Share Issued 1,120,000

Now

The Average price per share of the new stock sold is

= 4,700,000 ÷ 1,120,000

= $4.20

d. The original price of the share is

The original issuance price is

= (Paid-in-capital account + common stock account) ÷ original shares

= (520,000 + 480,000) ÷ 480,000

= $2.08

Therefore we can conclude that

a. Mountain Air's net income for fiscal 2015 is $910,000.

b. The number of new shares issued is 1,120,000.

c. The price per share of the new stock sold during 2015 is $4.20.

d. The original price of the shares was $2.08.

Learn more: brainly.com/question/13931207

5 0

2 years ago

In a local survey, 100 citizens indicated their opinions on a revision to a local land-use plan. Of the 62 persons giving favora

Thepotemich [5.8K]

Answer: The probability that a randomly selected citizen has a favorable or unfavorable opinion is 1 or 100%.

In this question, we have only two answers favorable or unfavorable.

A person can't have both opinions at the same time.

So these events - favorable and unfavorable are mutually exclusive events i.e one event cannot occur when the other occurs.

Let P(F) be the probability of a person who has a favorable opinion

P(UF) be the probability of a person who has an unfavorable opinion

$\boldsymbol{\mathbf{P(F) = \frac{Total people with favorable responses}{Total people in the survey}}}$

$\boldsymbol{\mathbf{P(F) = \frac{62}{100}}}$

$\boldsymbol{\mathbf{P(UF) = \frac{No. of people with unfavorable opinion}{Total number of people in the survey}}}$

$\boldsymbol{\mathbf{P(UF) = \frac{38}{100}}}$

Now, the probability of either one of two mutually exclusive events occurring is:

$\boldsymbol{\mathbf{P(F or UF) = P(F) + P(UF)}}$

$\boldsymbol{\mathbf{P(F or UF) = \frac{62}{100} + \frac{38}{100} = \frac{100}{100}=1}}$

7 0

3 years ago

g Your savings account earns 1.72% interest. You have $3,000 left over from an internship that you will put into the saving acco

bekas [8.4K]

Answer:

It will take 13 years and 66 days

Explanation:

Giving the following information:

Your savings account earns 1.72% interest.

Present value= $3,000

Final value= $3,756

To calculate the number of years, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(3,756/3,000) / ln(1.0172)

n= 13.18 years

To be more specific= 365*0.18= 66

It will take 13 years and 66 days

4 0

3 years ago

A new company manufactures tennis rackets. The fixed expenses are $78,490 and the variable expenses are $14 per racket produced.

fomenos

The solution for the problem follows:

Expense = variable expenses * quantity of produced + fixed expenses

= 14q + 78,490

= 14 (3500) + 78, 490

= 49000 + 78,490

= $127, 490 is the total expense for 3,500 tennis rackets

Get the per piece expense by dividing 127,490 to 3500

Expense per piece = 127,490 / 3500

= $36.43

3 0

3 years ago