The required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8
If the required reserve is 10%, the currency reserve multiplier is 10 and the currency supply should be 10 times the reserve. A reserve requirement ratio of 10% also means that banks can lend out 90% of their deposits.
The reserve ratio can be calculated by simply dividing the amount a bank must hold in reserves by the amount the bank has on deposit. For example, if he has $10 million in bank deposits and needs to hold $500,000 in reserves, the required reserve ratio is 1/20, or 5%.
The ratio of required reserves to deposits. A reserve ratio of 10% means that banks must hold 10% of their deposits as a reserve.
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Answer:
2,558,000 bottles
Explanation:
The formula for computation of the purchase is:
Purchase in units = Usage + Desired ending material inventory units − Beginning inventory units.
In format that will be:
Beginning inventory 54,000
Plus: Purchases.........2,558,000
Less:ending inventory <u>77,000</u>
Required For Use......<u>2,535,000</u>
Hence the number of bottles to be purchased in 2018 is 2,558,000
Answer:
A. Review the budget to identify other areas where costs can be cut.
Explanation:
In the case when the vendor increased the material cost that planned and the increased cost would also be placed in your project i.e. over budgeted so the first thing you should do is review the budget by identifying the areas where the cost cutting to be done
Therefore as per the given situation, the option A is correct
And, the rest of the options are incorrect
You cannot compute for the capital in excess of par since you don’t have the number of shares but let us assume there are 100,000 shares.
If the Company sell 100,000 shares of its common stock for $2 per share, and the par value of each share is $5, then the amount of the capital in excess of par is 100,000 shares x $3/share, = 300,000 and is recorded:
Cash 500,000
Common stock ($2 x 100000) 200000
Additional Paid-In Capital($3 x 100000) 300000
Answer:
true
Explanation:
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