Answer:
$7,899,827
Explanation:
The computation of the maximum increase in money supply is shown below:
Data given in the question
Additional value in excess reserves = $868,981
Reserve ratio = 11%
By considering the above information, the maximum increase in money supply is
= Additional value in excess reserves × 100 ÷ reserve ratio
= $868,981 × 100 ÷ 11
= $868,981 × 9.09
= $7,899,827
Answer:
(a) 0; 0
(b) $150 per hour; $16.67 per hour
(c) (b) $150 per hour; $53.57 per hour
Explanation:
(a) Number of hours = 125
Marginal cost = 0 (since service is cost less upto 200 hours)
Average cost = 0
(b) Number of hours = 225
Marginal cost = $150 per hour
Total cost = $150 × (225 - 200)
= $150 × 25
= $3,750
Average cost = Total cost ÷ Number of hours
= $3,750 ÷ 225
= $16.67 per hour
(c) Number of hours = 325
Marginal cost = $150 per hour
Total cost = $150 × (325 - 200)
= $150 × 125
= $18,750
Average cost = Total cost ÷ Number of hours
= $18,750 ÷ 325
= $53.57 per hour
Answer:
current ratio for MARJORAM = Current asset / current liabilities
= $173,000/ $108,400
= 1.59
Explanation:
step 1 :calculate the total current asset of the company which is calculated below.
current asset
Cash $19,000
Note Receivable 35,000
Account Receivable 48,400
Inventory <u> 70,600</u>
Total <u> 173,000</u>
Note receivable is included in the current asset because its due date is less than 12 months.
step 2 : divide the current asset by the current liabilites in order to determine the current ratio
Answer:
There is some information missing, and when I looked for it I found similar questions but the demand was already given and the question was about Vincent's total daily income.
Passenger Price Daily demand
Adults $18 70
Children $10 25
Senior citizens $12 55
total 150
total revenue per day = ($18 x 70) + ($10 x 25) + ($12 x 55) = $1,260 + $250 + $660 = $2,170
total operating costs per day = (150 / 50) x $450 = $1,350
operating income per day = $2,170 - $1,350 = $820
