If the required reserve ratio is equal to 10 percent, a single bank can increase its loans up to a maximum amount equal to 10 percent of its excess reserves.
<h3>What is the required reserve ratio?</h3>
The required reserve ratio is the percentage of deposits that commercial banks are required to keep with the Central Bank as reserve. The maximum amount a single bank can increase is a loan is equal to the inverse of the required reserve ratio.
Maximum amount of increase in loans = 1 / required reserve ratio
1/0.1 = 10
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Answer:
Product and mass customization.
Explanation:
In Financial accounting, fixed cost can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities etc.
On the other hand, variable costs can be defined as expenses that are not constant and as such usually change directly and are proportional to various changes in business activities. Some examples of variable costs are taxes, direct labor, sales commissions, raw materials, operational expenses etc.
High fixed costs and low variable costs are typical of product and mass customization.
Hence, the high fixed costs are usually a determinant for pricing a product that aren't produced in mass because to break even, businesses would need to rake in more revenues to meet the the increasing (high) fixed costs.
<em>However, when this products are manufactured in mass, this would help to cut or lower down the total cost of production. </em>
Answer: $20,000
Explanation:
The times-interest-earned ratio is used to know the ability of a firm to pay interest on a particular debt. It is calculated as the addition of the net income, the taxes and the interest expense, which is then divided by the interest.
Based on the information given, the interest expenses will be represented by y and solved further as:
= (200,000 + 40000 + y) / y = 13
= (240000 + y) / y = 13
Cross multiply
240000 + y = 13 × y
240000 + y = 13y
13y - y = 240000
12y = 240000
y = 240000/12
y = 200000
Therefore, the interest expense is $20,000
Here is the algebra. (1) [(240,000 + x) / x} = 13. (2) 240,000+ x = 13x. (3) 240,000 = 12x. (4) x = 20,000
Answer:
$ 10
Explanation:
Given:
For Bedford lamp
Sales price = $ 26
Variable cost = $ 16
Machine hours required per unit = 1
Now,
the contribution margin per unit = Sales price - Variable cost
= $ 26 - $ 16
= $ 10
therefore,
the contribution margin per machine hour is calculated as:
= contribution margin / machine hours
or
= $ 10 / 1
or
= $ 10
hence,
the contribution margin per machine hour for the bedford lamp is $ 10
Answer:
<em>The process of getting, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns is known as Human Resource Management.</em>
Explanation:
<em>(1) Human Resource Management </em>is basically the management of the processes from start to end with respect to the people thought to be a part of the organization in the near future. The starting processes include <em>getting,</em> <em>training and compensating </em>people also and the end processes include <em>compensating employees, attending to their labor relations, health and safety and fairness concerns.</em>
<em>(2) Human Resources </em>i.e. the people<em> </em>are the biggest asset of an organization and thus are referred to as <em>Human Capital. </em>Their good management can make the smaller businesses rise to bigger businesses. The objectives of the organisation and the human resources should move side by side in, so that both the organisation and the people in it can prosper.
Hence, we can say that <em>human resource management is the key which makes differences between a successful organization and a failed organization possible. </em>
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