The answer is $100 million.
The reserve ratio is the percentage of a commercial bank's deposits that it must retain in cash as a reserve in case of large client withdrawals, as determined by the central bank.
The reserve ratio is a significant monetary policy instrument used by the Federal Reserve in the United States to boost or decrease the economy's money supply.
Banks require an RRR of 8% for demand deposits, not for funds received through the selling of treasury bills to the FED, hence Wells Fargo will be free to raise its loans by $100 million.
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Sue will pay back $507.20 in interest expense.
Explanation:
The formula for calculating simple interest is:
SI = P x r x t ÷ 100
- P = Principal
- r = Rate of Interest
- t = Term of the loan/deposit in years
In the given problem,
- Sue Gastineau borrowed $17,000 from Regions Bank so, P = $17000
- Sue Gastineau borrowed $17,000 from Regions Bank at a rate of 5.5%, so r = 5.5 %
- Number of days of the loan = March 5 to September 19
- Sue borrowed $17,000 from Regions Bank for the period of = 198 days, So t = 198 / 365
Simple Interest = (17000 * (5.5/100) * (198/365))
Simple Interest = (17000 * (0.055) * (0.5424657534246575))
Simple Interest = (17000 * (0.055) * (0.5424657534246575))
Simple Interest = $507.20
Answer:
The question is missing the below options:
A. loss of identity
B. loss of frequency
C. loss of facility
D. loss of focus
The correct option is D,loss of focus.
Explanation:
Loss of identity does not arise in this case, as Teal Motors Inc. is still responsible for coupling these parts into complete and brands it in own brand name.
Since it is not clear cut that Teal Motors Inc. has in-house facilities to produce the outsourced parts,letting the available production facilities rot away without being put to proper use does not arise.
The focus here is that the company specializes in the critical components that are most important in its automobiles and would prefer to outsource non-critical parts to others,hence a modular approach to manufacturing is favored.
The answer is; "this is an example of a media schedule".
A media schedule or plan assigns the medium or media to be utilized, the particular vehicles, and the inclusion dates of the promoting. It is utilized by advertisers to plan their promotions subsequent to picking the media for their advertising campaign.
Answer:
$1,490,000
Explanation:
Given that,
Direct Material used = $795,000
Wages to Line workers = $270,000
Indirect Materials used = $425,000
Total product cost for the year:
Direct Material used + Wages to Line workers + Indirect Materials used
= $795,000 + $270,000 + $425,000
= $1,490,000
Therefore, the total product costs for the year is $1,490,000.
