Today's demand curve for gasoline could shift in response to a change in

Suppose a bank gets a new deposit of $100 cash and it has a 20% required reserve ratio. If

JulijaS [17]

Answer:

C) $500

Explanation:

First we must determine the money multiplier = 1 / reserve ratio:

money multiplier = 1 / 20% = 5

The bank's checkable deposits originally increase by $100, and since it will be able to lend all the money it can, $80, its checkable deposits will also increase by $80 x 5 (money multiplier) = $400.

So the total increase in the bank's checkable deposits = $100 (original deposit) + $400 (money created through loans) = $500

4 0

3 years ago

Suppose that work hours in New Zombie are 300 in year 1 and productivity is $10 per hour worked. What is New Zombie’s real GDP?

bulgar [2K]

Answer: Rate of economic growth = 28%

Explanation:

In year 1,

Work hours in New Zombie = 300

Productivity = $10 per hour worked

Real GDP in the given year = Productivity × Work hours

= $10 × 300

= $3,000

In year 2,

Work hours in New Zombie = 320

Productivity = $12 per hour worked

Real GDP in the given year = Productivity × Work hours

= $12 × 320

= $3,840

Rate of economic growth = $\frac{Real\ GDP\ in\ year\ 2 - Real\ GDP\ in\ year\ 1}{Real\ GDP\ in\ year\ 1} \times100$

= $\frac{3,840 - 3,000}{3,000}\times100$

= 28%

8 0

3 years ago

Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On M

Thepotemich [5.8K]

Answer: Please see explanation column for answers.

Explanation:

a)Journal to record the transactions of SprayCo Inc.

Date Account Debit Credit

march 9 Treasury stock (62,000 x $51) $3,162,000

Cash $3,162,000

June 9 Cash (48,000 x $60) $2,880.000

Treasury stock (48,000 x $51) $2,448,000

Paid in Capital from sale of treasury stock $432,000

($2,880.000- $2,448,000 )

Nov 13 Cash (7,500 x $54) $405.000

Treasury stock (7,500 x $51) $382,500

Paid in Capital from sale of treasury stock $ 22,500

($405,000- $382,500 )

b)balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year =$432,000 form June 9 + $ 22,500 from November 13 =$454,500

6 0

4 years ago

What two project dimensions are components of project performance?

Allisa [31]

<span>The answer is "Scope and quality" are two project dimensions which are components of project performance.

Scope refers to the sum of products, services, and results which are provided as a project and if we define this more simply, it is the size of a project or task. Quality is defined as how well the segments or components satisfy the project requirements or necessities.</span>

5 0

4 years ago

Read 2 more answers

Cost pools should be charged to responsibility centers by using: budgeted amounts of allocation bases because the cost allocatio

Talja [164]

Answer: budgeted amounts of allocation bases because the cost allocation to one responsibility center should not influence the allocations to others

Explanation:

A cost pool is a collection of homogeneous costs thqt are to be assigned. Cost pools is an accounting term which refers to the groups of accounts serving used to express the cost of goods and service that are allocatable within a business or a manufacturing organization. The allocation base for a cost pool is a cost driver.

Cost pools should be charged to the responsibility centers by using the budgeted amounts of allocation bases. This is because the cost allocation to a responsibility center should not influence allocations to others.

6 0

3 years ago