We write down the equation that would allow us to solve for the required reserves.
required reserve = (deposit)(required reserve ratio)
From the items above, we are given that,
deposit = $5 million
required reserve ratio = 5% = 0.05
Substituting,
required reserve = (0.05)($5 million)
required reserve = $250,000
The total amount that the bank for the reserves is $5.5 million.
The excess reserve is equal to,
excess reserve = ($5.5 M) - ($250,000)
excess reserve = $5.25 M
<em>ANSWER: $5.25M</em>
<u>Option B. </u><u>vetoes the budget,</u> and the office of management and budget does not perform.
Budget management control capabilities are the abilities and knowledge you use while planning and regulating spending at a commercial enterprise. We can apply those abilities in a number of contexts, which include supervising the financial scenario of whole companies to coordinating the spending of a small quick-term undertaking.
The Minister of Finance introduces the finances in Parliament. it's miles mentioned in committees, debated within the homes, and a vote is taken. The budget range is an annual plan for what government desires to obtain and how it'll spend money to reap those desires.
A budget range is an economic file used to project destiny income and prices. to place it sincerely, a budget plans destiny saving and spending in addition to planned profits and expenses.
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Answer:
It is important for a manager/decision maker to have a good understanding of both of these approaches, because it is more beneficial if the manager/decision maker can combine the two approaches to the situation.
Explanation:
Answer:
focus on what its asking
Explanation:
and make it fun to read don't make it boring
Answer: The nonrefundable $20 ticket is the sunk cost.
Explanation: A sunk cost is a cost that has already been incurred and which cannot be recovered.
However, a prospective cost is a future cost that is yet to be incurred and which can be avoided if an action or inaction is taken.
Therefore, from the scenario in the question above, we can see that Susie has already purchased the soccer match ticket which costs $20, and she is yet to incur the costs of gas, wear and tear, and parking fee.
Hence, the $20 is the sunk cost because it has already been incurred and cannot be recovered, while the $10 for gas and wear and tear, and $5 for parking are the prospective costs that will be avoided.
