Answer: 10%
Explanation:
Amount deposited = 5000
Amount which can be Lent out = 2500
The reserve requirement may be explained as a certain percentage of a commercial bank's deposit that must be held in reserve, this is usually a directive placed on the commercial banks by the central bank of the nation.
The reserve requirement is calculated by finding the proportion of the difference between the amount deposited and the maximum amount that can be Lent out to the total deposited amount.
Mathematically,
Reserve requirement =[ (deposit amount - amount that can be Lent out) / deposit amount] × 100
Reserve requirement : ([(5000- 4500) / 5000] × 100)%
= (500 / 5000) × 100
= 0.1 × 100 = 10%
Answer:
A - "15 y/o"
or
B - "19 y/o"
(There are two types of this question for just choose which one is on it)
Answer:
Explanation:
The journal entry is shown below:
Account payable A/c Dr $3,000
To Cash A/c $3,000
(Being payment is made is recorded)
We debited the account payable account and credited the cash account so that the correct posting can be done.
Since the half of the disk is returned i.e $3,000 which come after multiplying the $6,000 by 50%
Answer:
The markup calculated as a result of information about the elasticity of demand
Explanation:
As a monopoly seller of pharmaceutical products the price set as markup would be above our marginal cost.
There are three facts about markup:
1. The Markup is not to be a price below marginal cost of the pharmaceutical product.
2. Markup is smaller when demand is more elastic. Remember if the price elasticity of demand is lower than 1, (negative) a rise in price causes an
increase in revenue for the seller.
Therefore having a -4 elasticity of demand could imply more profits for the firm.
Answer:$722,000
Explanation:
The over applied overhead of $8000 is deducted from cost of goods sold of $730,000.
