Answer:
Profit, in accounting, is an income distributed to the owner in a profitable market production process (business). Profit is a measure of profitability which is the owner's major interest in the income-formation process of market production. There are several profit measures in common use.
Income formation in market production is always a balance between income generation and income distribution. The income generated is always distributed to the stakeholders of production as economic value within the review period. The profit is the share of income formation the owner is able to keep to themselves in the income distribution process. Profit is one of the major sources of economic well-being because it means incomes and opportunities to develop production. The words "income", "profit" and "earnings" are synonyms in this context.
Answer:
The bank is holding $19.5 million in excess reserves.
Explanation:
If the bank has $300 million is deposits and the reserve ratio is 8.5% then the bank needs to have minimum reserves of 8.5% of 300 million so the minimum reserves are 0.085*300 million = 25.5 million
How ever the actual reserves of the bank is the difference between deposits and loans. The deposits are 300 million and loans are 255 million so the actual reserves are 300 million-255 million= $45 million
Excess reserves is the difference between the actual reserves and the minimum reserves so 45 million - 25.5 million = 19.5 million.
The concentration ratio for Industry M is 52%.
The concentration ratio of industry M can be determined by adding the the ratio of the output to the total output of each of the six firms together.
- Ratio of firm 1's output to total output = 22,987 / 198,400 = 0.11586 = 11.59%
- Ratio of firm 2's output to total output = 21,444 / 198,400 = 0.1081 = 10.81%
- Ratio of firm 3's output to total output = 18,787 / 198,400 = 0.0947 = 9.47%
- Ratio of firm 4's output to total output = 16,454 / 198,400 = 0.0829 = 8.29%
- Ratio of firm 5's output to total output = 12,890 / 198,400 = 0.065 = 6.5%
- Ratio of firm 6's output to total output = 22,987 / 198,400 = 0.0506 = 5.06%
Sum of the percentages = 51.72%
Please find attached a table used to answer the question. A similar question was answered here: brainly.com/question/14903886
