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2 years ago

The formula for maximum demand deposit creation is ______ multiplied by the monetary multiplier.

Business

1 answer:

Likurg_2 [28]2 years ago

4 0

The formula for maximum demand deposit creation is excess reserves. multiplied by the monetary multiplier.

A demand deposit is what?

A demand deposit is money deposited into a bank account with funds that can be withdrawn on-demand at any moment. Demand deposit money is often used by the depositor to cover daily expenses. The bank or financial institution may offer a minimal or no interest rate on the deposit for monies in the account.

Demand Payment

A person may only withdraw a set amount every day or a maximum amount equal to their account balance. Money in a checking or savings account would be typical examples of demand deposits. Demand deposits differ from term deposits in this regard. Term depositors must wait a specific amount of time before making any withdrawals.

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Perpetual Inventory Using LIFOBeginning inventory, purchases, and sales data for prepaid cell phones for May are as follows:Inve

Ivan

Answer:

Date Purchases Sales

May 1 1,550 units at $44

May 10 720 units at $45

May 12 1,200 units

COGS (720 x $45 = $32,400)

COGS (480 x $44 = $21,120)

TOTAL COGS FOR MAY 12 SALE = $53,520

Inventory after sale 1,070 units at $44

May 20 1,200 units at $48

May 14 830 units

COGS (830 x $48 = $39,840)

TOTAL COGS FOR MAY 14 SALE = $39,840

Inventory after sale 1,070 units at $44

370 units at $48

May 31 1,000 units

COGS (370 x $48 = $17,760)

COGS (630 x $44 = $27,720)

TOTAL COGS FOR MAY 12 SALE = $45,480

Inventory after sale 440 units at $44

Under LIFO (last in, first out), the cost of goods sold is determined using the price of the last units purchased, which means that the most recent (or updated) price is used to calculate COGS.

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3 years ago

The most recent comparative balance sheet of Giacomelli Corporation appears below: Which of the following classifications of cha

Delvig [45]

Answer:

The correct option is B: "The change in Accounts Receivable is a source; The change in Inventory is a use"

Explanation:

However, you will need to look at the asset section as well in order to determine the correct response to this question statement. Depending on how the accounts receivable and inventory changes, you will be able to ascertain which is a source and which is a use. For instance, if the balance in Accounts Receivable and the Inventory has increased, the change is a use. And vice versa.

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3 years ago

Argus Finnian is a calculating, self-centred salesperson. He never engages in relationship marketing. He looks on any sales situ

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Answer:

c. pre-conventional morality

Explanation:

Preconventional morality is the first stage of moral development according to Kohlberg's model of moral development. It is the stage in which the children decides according to the consequences the actions will bring to them. The consequences which the behavior may is on the primary focus. In the above case, Finnian gives attention to the result before taking any of the steps.

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4 years ago

in forward and futures contracts, the risk of non-fulfilment of contract terms is most likely borne by:

topjm [15]

In forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by both parties to the contract.

<h3>What are forward and futures contracts?</h3>

The difference between a forward and futures contract lies in their establishment.

A forward contract is a personal arrangement traded over the counter whereas, a futures contract is a standardized contract made through an established exchange.

Thus, in forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by both parties to the contract.

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2 years ago

What is a Benefit of using good human relations

nadezda [96]

Answer:

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Explanation:

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3 years ago