1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nignag [31]
2 years ago
6

Suppose that a bank has accepted $20,000 in checking deposits, $40,000 in savings deposits, has $10,000 in cash reserves, and ma

de $50,000 in loans. What is the bank’s reserve ratio?.
Business
1 answer:
Readme [11.4K]2 years ago
6 0

Answer:

16.71%

Explanation:

The computation of the bank reserve ratio is shown below:

= Cash reserves ÷ total deposits × 100

where,

Cash reserve is $10,000

And, the total deposits would be

= Checking deposits + saving deposits

= $20,000 + $40,000

= $60,000

Now put these values to the above formula

So, the ratio would equal to

= $10,000 ÷ $60,000 × 100

You might be interested in
Suppose ice cream cones costs $3. Molly holds $60. What is the real value of the money she holds?
barxatty [35]

Answer:

i would say b im not sure

Explanation:

4 0
4 years ago
Hey, I left my backpack at where i was sitting in a library, and when I went to lost and found they told me that they looked thr
miss Akunina [59]
They are allowed to do that as long as it was staff who searched it but even then it is pretty intrusive to your privacy.

hope this helps have a great day!
7 0
4 years ago
Which of the following is a good time management technique
Sauron [17]
A. Knowing how to prioritize
4 0
3 years ago
Read 2 more answers
Eric's textbook costs $90, and he can resell it in one year's time for $45. if the annual interest rate is 10%, then the present
Archy [21]
<span>$41 Given a discount rate, the present value (PV) of money you expect to receive in the future (FV) at a specified interest rate (R) for a specified number of periods (N) is PV = FV/(1+R)^N So let's plug in the known values and solve. PV = 45/(1+0.10)^1 PV = 45/(1.10)^1 PV = 45/1.10 PV = 40.90909091 Rounding to the nearest dollar gives $41</span>
7 0
3 years ago
Donatello Co. has identified an activity cost pool to which it has allocated estimated overhead of $9,600,000. It has determined
Luden [163]

Answer:

$9,600,000

Explanation:

The computation of overhead assigned to each product is shown below:-

Overhead rate activity = Total overhead cost ÷ Total number of activity

= $9,600,000 ÷ $800,000

= $12

So, the Total overhead assigned to each product = (Widgets × Overhead rate activity) + (Gadgets × Overhead rate activity) + (Targets × Overhead rate activity)

= ($200,000 × 12) + ($150,000 × 12) + ($450,000 × 12)

= 2,400,000 + 1,800,000 + 5,400,000

= $9,600,000

Therefore for computing the overhead assigned to each product we simply applied the above formula.

4 0
3 years ago
Other questions:
  • George and Margaret Wealthy are in the 42 percent tax bracket, considering both federal and state personal taxes. Norman Briggs,
    8·1 answer
  • Define quality assurance?
    6·2 answers
  • Which statement is not true about the minimum wage?
    10·2 answers
  • The serving staff at mary's diner does not have to check with their supervisor before offering customers free dessert when the c
    12·1 answer
  • What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in
    5·1 answer
  • Madison Company issued an interest-bearing note payable with a face amount of $24,000 and a stated interest rate of 8% to the Me
    12·1 answer
  • Let S represent the amount of steel produced (in tons). Steel production is related to the amount of labor used (L) and the amou
    6·1 answer
  • Some people view cosmetic surgery (c) and facials (f) as perfect substitutes as measured by the utility function U(c,f) = 5c + 1
    15·1 answer
  • An Asian-American family whose relatives emigrated four generations ago has three children. The oldest son, George, is in medica
    5·1 answer
  • Which expense is a direct cost in the product costing of a fabric manufacturer?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!