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Law Incorporation [45]
3 years ago
5

Suppose you deposit ​$1,300 cash into your checking account. by how much will checking deposits in the banking system increase a

s a result when the required reserve ratio is 0.4​0
Business
1 answer:
Iteru [2.4K]3 years ago
7 0
$3,250. 

You would divide the amount deposited ($1,300) by the required reserve ratio (0.40) to get the amount that the checking deposit in the bank would increase as a result of the deposit, or $3,250. 
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3 years ago
A small business produces a single product and reports the following​ data: Sales price ​$8.50 per unit Variable cost ​$5.25 per
ozzi

Answer:

The correct answer is Decrease by $5,500.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the previous operating income, by using following formula:

Previous operating income = ($8.5 - $5.25) × 10,000 units - $22,000

= $10,500

Now, we will calculate the current operating income by using following formula:

New operating income = ($7.5 - $5.25) 12,000  units - $22,000

= $5,000

So, the change in operating income can be calculated as

Change in operating income = New operating income - Previous operating income

= $5,000 - $10,500

= -$5,500 ( Negative shows Decrease)

= Decrease by $5,500.

8 0
3 years ago
Professional standards are achieved through _____________.
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Answer:

The correct answer is Habitual Practice

Explanation:

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3 years ago
Sharon Corporation redeems 20 shares of Kevin's common stock. Kevin directly owned 50 shares prior to the redemption. Kevin is a
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Answer:

75 shares

Explanation:

In this specific scenario, it seems that Kevin is treated to 75 shares prior to the redemption. This is calculated by adding the 50 shares that Kevin holds directly prior to the redemption itself as well as the 25 extra shares that are held by AMI. These 25 shares are 50% of the total 50 shares that AMI holds since Kevin is a 50% partner.

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