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Dovator [93]
1 year ago
10

Bank a has total deposits of $125 million and total reserves of $26 million. the required reserve ratio is 15 percent. the bank

has excess reserves of?
Business
1 answer:
olga2289 [7]1 year ago
8 0

The bank has an excess of $7,250,000. The total deposits maintained by the bank are $125 million. The reserves maintained by the bank are $26 million. The required reserve ratio is 15%.

Total deposits are 125,000,000.

The Required reserve ratio is 15%.

So in actuality, the bank had to maintain a reserve of $18,750,000.

It is maintained a total reserve of $ 26,000,000.

Excess reserve of $7,250,000.

The banks are required to maintain a particular percentage as reserve of the amount deposited with them. Deposit is that amount that the customers maintain with them. The banks make a profit by lending this deposit to other lenders. The bank has to keep an amount as reserve to see that they are able to pay back the customer their deposit amount if required by the customer.

Learn more about reserve and deposits of bank here:

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What are corporate travel managers how do they compare to travel agents
Harrizon [31]

they own businesses while traveling to make sure the stores and work places are good

5 0
3 years ago
The following materials standards have been established for a particular product: Standard quantity per unit of output 4.6 grams
Aleksandr-060686 [28]

Answer:

15,351.00 unfavourable

Explanation:

<em>Material quantity variance occurs when the actual quantity used  to achieved a given level of output is more or less than the standard quantity.</em>

<em>It is determined by the difference between the actual  and standard quantity of material for the actual level of output multiplied by the the standard price</em>

                                                                                              gram

300 units should have used (300× 4.6)                             1380

but did used                                                                        <u>2,400</u>

                                                                                           1020

Standard price                                                                   ×<u> 15.05</u>

Material quantity variance                                         1<u>5,351.00</u> unfavourable

           

5 0
3 years ago
Which of these is not something to consider when trying to get a positive return on investment (roi) for higher education?
Fantom [35]

Something not to consider when trying to get a positive return on investment (ROI) for higher education is: c. the type of food that is offered on the meal plan.

<h3>What is rate of return?</h3>

Rate of return can be defined as a net gain (profit) or loss that is associated with an investment over a specified period of time, and it's usually expressed as a percentage of the investment's initial cost.

This ultimately implies that, the rate of return must be higher than the rate of inflation in order for any business firm or individual to earn money on their investments.

Also, a positive return on investment (ROI) entails a net gain (profit) from an investment over a specified period of time. This ultimately implies that, the type of food that is offered on the meal plan isn't something to consider when trying to get a positive return on investment (ROI) for higher education.

Read more on return on investment here: brainly.com/question/23603222

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Complete Question:

Which of these is not something to consider when trying to get a positive return on investment (ROI) for higher education?

a. The cost of attendance.

b. The financial aid package that is offered to you.

c. The type of food that is offered on the meal plan.

d. Your expected career income.

5 0
1 year ago
Sam, age 35, and kathy, age 33, are married and have a son, age 1. sam is employed as an accountant and earns $60,000 annually.
shusha [124]

Sam, age 35, and Kathy, age 33, are married and have a son, age; The Financial stands resolve will be

  • To the extent that Sam's wife qualifies for OASDI payments in the event of his death due to an automobile accident, she will receive them.
  • Kathy's vocal cord is a significant contributor to her income since she is a teacher, but she can only get disability benefits if she has been selected for them.
  • Kathy will be eligible for temporary disability benefits under the United States' social insurance program since she was injured on the job and has opted into the program.
  • Sam's benefits will be reduced by $1 for every $2 he earns over the $17040 level in 2018; however, he will not see a decrease in his benefits if his income is between $45,306 and the maximum allowable amount of $45,306.
  • Sam's desire for a greater salary is not a qualifying cause for unemployment insurance.

<h3>Who is a  financial planner?</h3>

Generally, a financial planner is simply defined as one form of a financial adviser, the financial planner, focuses on helping clients develop and implement strategies for achieving their long-term financial objectives.

In conclusion, Finance is managing substantial resources, as practiced by governments or major corporations.

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6 0
2 years ago
"Moyas Corporation sells a single product for $10 per unit. Last year, the company's sales revenue was $280,000 and its net oper
Harlamova29_29 [7]

Answer:

23,750 units

Explanation:

The computation of the break even point in unit sales is shown below

Break even point = (Fixed expenses) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

The variable expense per unit is

= (Sale revenue - fixed expenses - net operating income) ÷ (Number of sales units)

= ($280,000 - $17,000 - $95,000) ÷ ($280,000 ÷ 10 per unit)

= ($280,000 - $17,000 - $95,000) ÷ (28,000 units)

= $6 per uni

And, the fixed expenses is $95,000

Now put these values to the above formula  

So, the value would equal to  

= ($95,000) ÷ ($10 - $6)  

= 23,750 units

4 0
3 years ago
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