Answer:
The answer is $200 billion
Explanation:
Legal reserve ratio is the minimum fraction of customers' deposits that the banks are required to keep by law as cash. This minimum ratio is determined by Central banks while money supply is the total amount of money in circulation at a particular time.
Legal reserve is 100% ÷ 20%
= 5
Therefore, the banking system as a whole could increase the money supply by $200 billion($40 billion x 5)
Answer:
The amount of factory overhead applied in October is $63,300.
Explanation:
Goods finished + Oct 31 work in progress = direct materials + direct labor + oct 1 balance + factory overhead
360,000 + 21,000 = 96,700 + 201,000 + 20,000 + Factory Overhead
381,000 = 317,700 + Factory overhead
Factory overhead = $63,300
Therefore, The amount of factory overhead applied in October is $63,300.
When it comes to lack of sales or poor financial management, the reason why most firms fail is a. poor financial management.
<h3>Why do companies fail?</h3><h3 />
There are several reasons why a company can fail such as budgetary issues, and a lack of concrete goals to guide the activities of the company.
Most of these things stem from poor financial management however. Think of it this way, if a ship has a bad captain, then the chances of the ship sinking increases.
Poor financial management would lead to money not going to the right expenses which means that the business will make a lot of losses instead of profit and so will close.
In conclusion, between lack of sales and poor financial management, poor financial management is worse.
Find out more on businesses failing at brainly.com/question/13371882
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