The statement in the question is True.
<u>Explanation:</u>
In statistics, the residual sum of squares (RSS), otherwise called the sum of squared residuals (SSR) or the total of squared estimate of errors (SSE), is the aggregate of the squares of residuals (deviations anticipated from real observational estimations of information). It is a proportion of the error between the information and an estimation model.
A little RSS demonstrates a tight attack of the model to the information. It is utilized as an optimality standard in parameter determination and model choice.
If the reserve requirement is 10 percent and the central bank sells 10,000 in government bonds on the open market, the money supply will <u>decrease by a maximum of $100,000.</u>
<h3>
What is Reserve Requirement?</h3>
- The amount of money that a bank must have in reserve in order to pay its obligations in the event of unforeseen withdrawals is known as the reserve requirement.
- The central bank uses reserve requirements as a tool to alter the amount of money in the economy and affect interest rates.
- Based on a portion of the cash that customers have on hand, banks lend them money.
- In exchange for this power, the government imposes one obligation on them to maintain a minimum balance of deposits to cover potential withdrawals.
- The reserve requirement is the amount that banks must hold in reserve and are not permitted to lend above.
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C. opportunity cost is the benefit not received as a result of not selecting the best option
Answer:
Current Liabilities
Federal Income Taxes Payable $336,000
Advances on Magazine Subscriptions $1,593,750
Total Current Liabilities $1,929,750
Explanation:
Federal Income Taxes Payable
This is a current Liability as it falls under a period of a year. As March ends the first quarter, the quarterly tax is;
= 840,000 x 40%
= $336,000
Advances on Magazine Subscriptions
They are to deliver monthly subscriptions for 12 months to the tune of 25,000 copies which they have already been paid for. Under the Accrual system they cannot recognize this as revenue until they have fulfilled their obligation to deliver the magazines and until then, they are current Liabilities. As of end of March, they have fulfilled their obligations for 3 months leaving 9 in the year.
= 25,000 x $85 x 9/12
=$1,593,750
Answer:
B. the sale of inventory and collection of receivables
Explanation:
- An operating cycle is best described as the time between the company's cash payment to the suppliers of inventories. The collection of the cash from the sales of the inventory to the customers and also suggests that the time of the business entity can be reported as time such as the quarters and in years.
