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3 years ago

Why must banks keep money on reserve?

Business

1 answer:

Jobisdone [24]3 years ago

8 0

Answer:

Bank reserves are the cash minimums that must be kept on hand by financial institutions in order to meet central bank requirements. The bank cannot lend the money but must keep it in the vault, on-site or at the central bank, in order to meet any large and unexpected demand for withdrawals.

Explanation:

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Thornton Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from farmers and processes

maw [93]

Answer:

Chicken drumsticks:

pounds 6,600 - 7,230.22 = -630,22‬

market value: 6,600 - 5,478 = 1,122

Breast:

pounds 13,000 - 9037,88 = 3,962.12

market value: 13,000 - 10.790 = 2,210.00

Changing the allocation method detemriantes whether the drumstick are profitable or not thus, it should be considered which method is better suited.

Explanation:

Joint cost:

9,400 mateirals + 6,868 processing Total =

pounds to allocate cost:

$\left[\begin{array}{cccc}Product&Sales&Weight&Cost\\Drumstick&4000&0.44&7230.22\\Breast&5000&0.56&9037.8\\\\Total&9000&1&16268\\\end{array}\right]$

using market value:

$\left[\begin{array}{cccc}Product&Sales&Weight&Cost\\Drumstick&6600&0.3367&5478\\Breast&13000&0.6633&10790\\\\Total&19600&1&16268\\\end{array}\right]$

Then, we calcualte the gross margin under each method

Chicken drumsticks:

pounds 6,600 - 7,230.22 = -630,22‬

market value: 6,600 - 5,478 = 1,122

Breast:

pounds 13,000 - 9037,88 = 3,962.12

market value: 13,000 - 10.790 = 2,210.00

3 0

3 years ago

Student involvement in afterschool activities that are not part of a class or an academic requirement is known as

Ira Lisetskai [31]

Extracurricular activities

3 0

3 years ago

Read 2 more answers

Please please answer these help me plz

adell [148]

Explanation:

Control

Entrepreneurs naturally have long-term vision and find focus on quarterly profits frustrating

As an owner of a privately held company, you have complete authority over operational decisions and don’t have to worry about shareholder expectations and interference. Shareholders in public companies are often focused on current earnings and they can exert tremendous pressure to increase earnings in the short term in order to increase the value of their stock.

Right of Non-Disclosure

Privately held companies are not required to disclose details about their operations that could potentially benefit competitors. The SEC has stringent disclosure requirements for public companies, including the details of investor conferences, research analyst meetings and shareholder discussions.

Confidentiality

Information such as executive compensation, legal settlements and other sensitive information cannot be kept confidential in public companies. Compliance with these SEC disclosure regulations can expose information that you would prefer to keep confidential.

The United States is considered the world's premier free-market economy. Its economic output is greater than any other country that has a free market. 1 The U.S. free market depends on capitalism to thrive. The law of demand and supply sets prices and distributes goods and services.

5 0

3 years ago

There were initially two satellite radio providers in the U.S. market, Sirius and XM Radio. The firms merged to form one firm, a

Delicious77 [7]

Answer: a. The merged firm will operate at higher capacity and may be able to reduce costs through economies of scale and perhaps learning-by-doing, which will benefit U.S. consumers.

Explanation:

A merger occurs when two companies comes together and becomes one. This is done in order to expand the recah of a company, gain a market share, and also expand into new segments.

The plausible reasons for the limited impact of the merger will be because the merger will lead to the operation at a higher capacity which will ensure that there's cost reduction through economies of scale which will be beneficial to the consumers.

7 0

3 years ago

A bank that has liabilities of $150 billion and a net worth of $20 billion must have:

Yakvenalex [24]

Had to look for the options and here is my answer. Given that the bank possesses a liability that is worth $150 billion and its net worth is only $20 billion, then this would mean that the bank must have ASSETS OF $170 BILLION. Hope this answers your question.

7 0

3 years ago