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scoundrel [369]
3 years ago
11

Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fu

ture use. If the required reserve ratio is 10%, what will be the maximum impact on money supply today as a result of your action?
Business
1 answer:
trapecia [35]3 years ago
8 0

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

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According to the law of demand consumer demand for a product will decrease if
sveta [45]

Answer:

Chicken wing jkjk

Explanation:

The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. Hope this helped!

7 0
3 years ago
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Simon Peters, a senior manager at Celise Export Logistics, goes to France to negotiate a deal with the company's French partners
anyanavicka [17]

In this scenario, dressing formally during business meetings is probably a cultural imperative for the French

Explanation:

Cultural imperatives are traditions that you have to comply with when you want to succeed.

Relationship building is an example of a cultural imperatives .

Business understands the importance of building a relationship in many Asian countries such as China and Japan and Latin America.

Businessmen are not doing company business, they are doing business with people. It is a cultural necessity to spend time developing this relationship in these countries before you start up your business. Always underestimate your business partners ' value in building trust. It makes or breaks an agreement. Among Asian countries, another moral necessity is to make no one lose face. Never raise your voice or publicly threaten anyone. You will struggle in your company if you are ignorant of these cultural imperatives.

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3 years ago
Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products, Standard and Supreme. Expected sales
Alexeev081 [22]

Answer:

160,000 units

Explanation:

Step 1 : Determine the Sales Mix

Bramble : Standard

60000 : 40000

3 : 2

Step 2 : Determine the Overall Break even Point

Break even Point = Fixed Cost ÷ Contribution per unit

                             = $2400000 ÷ $30

                             = 80,000

Step 3 : Determine break-even point for Standards

Standards Break even point = 80,000 x 2

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Thus,

Bramble Corp would sell 160,000 units of Standards at the break-even point

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3 years ago
Assume the following data for Casper Company before its year-end adjustments:
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Answer:

a. Journalize the adjusting entry for the estimated customer allowances.

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The adjusting entry should = total sales x estimated percent of returns = $1,750,000 x 0.6% = $10,500

b. Journalize the adjusting entry for the estimated customer returns.

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This amount is given in the question, $8,000, so you need to record it as a decrease in COGS and an increase in returns inventory.

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