Answer:
Money multiplier, MM = (1 + Currency-deposit ratio) / (Currency-deposit ratio + Excess reserve ratio + Required Reserve ratio)
(a) Initially,
MM = (1 + 0.25) / (0.25 + 0.05 + 0.10) = 1.25 / 0.4 = 3.125
(b) Currency-deposit ratio = 0.3
MM = (1 + 0.3) / (0.3 + 0.05 + 0.1) = 1.3 / 0.45 = 2.89
(c) Excess reserve ratio rises to which number? MM cannot be computed unless exact number is provided.
Answer:
cost of goods available for sales= $3,180
Number of units= 50 units
Explanation:
Giving the following information:
Wattan Company reports beginning inventory of 10 units at $60 each. Every week for four weeks it purchases an additional 10 units at respective costs of $61, $62, $65, and $70 per unit for weeks 1 through 4.
To calculate the cost of goods available for sales, we need to use the following formula:
cost of goods available for sales= beginning inventory + cost of goods purchase during the year
cost of goods available for sales= 10*60 + 10*61 + 10*62 + 10*65 + 10*70
cost of goods available for sales= $3,180
Number of units= 5*10= 50 units
The answer is $52,000 my friend.
Answer:
True
Explanation:
Altruistic Corporate Social Responsibility is a philanthropic approach of the company which undermines the interests of the shareholders because such programs are not approved by the shareholders. This clash between the interests of shareholders and the society is the argue that critics quote to protect the shareholders rights.
Answer:
45.45%
Explanation:
The total selling price was $200,000 (paid on the date of the sale) + $900,000 (note received) = $1,100,000
Juan's cost of he land = $700,000 (basis) - $100,000 (mortgage) = $600,000
Juan's profit = $1,100,000 - $600,000
Juan's gross profit percentage = $500,000 / $1,100,000 = 45.45%