Answer:
$0
Explanation:
Given that,
Deposits = $100,000
Required reserve ratio = 25 percent
Total bank reserves = $25,000
Required reserve ratio refers to the ratio of deposits that are kept with the federal reserve.
Required reserves:
= Deposits × Required reserve ratio
= $100,000 × 0.25
= $25,000
Excess reserves:
= Total reserves - Required reserves
= $25,000 - $25,000
= $0
So, there is no excess reserves in this economy.
Money multiplier:
= 1/Required reserve ratio
= 1/0.25
= 4
Therefore, the total money creation potential of this deposit is zero.
Answer:
The sales budget is prepared below. See table below.
Explanation:
<em>A sales budget shows the expected revenue and units to be sold for a forth coming accounting period. The sales budget for Patrick Inc would look as follows:</em>
Sales budget
Month Units Revenue($)
January 41,000 1,435,000
February 38,000 1,330,000
March 50,000 1<u>,750,000</u>
<u>4,515,000</u>
Note the revenue per month is determined by multiplying the unit to be sold by the price per unit of $35
Answer:
Demographic segmentation
Explanation:
Demographic segmentation can be defined as a market segmentation in which variables such as gender, ethnicity, age, income, occupation of potential customers are taken into consideration.
The market is divided into segment according to age, race, religion, gender, family size, ethnicity, income, and education.
Demographic segmentation makes information such as who will buy your products, where to sell your product, how to market your product available to the producer.
It ensures that customers are well cared for. When a producer focus on a particular group of customers, they will be more committed and dedicated to satisfying their customers. Demographic segmentation ensures customer satisfaction.
Answer:
The answer is $1357.85
Explanation:
Future value= Σ C(1+i)^n
FV = 116(1.141^3) + 135( 1.141^2) + 885(1.141) = $1357.85