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Inessa [10]
3 years ago
14

Suppose you deposit ​$2 comma 5002,500 cash into your checking account. By how much will checking deposits in the banking system

increase as a result when the required reserve ratio is 0.11​0? The change in checking deposits is equal​ to: ​$nothing ​(enter your result rounded to the nearest dollar​).
Business
1 answer:
algol133 years ago
3 0

Answer:

The change in checking deposit is equal to $22,727.27.

Explanation:

An amount of $2,500 is deposited in a checking account.

The required reserve ratio is 0.11 or 11%.

A part of this deposit will go to the required reserve and the rest will be added in the checking deposit of the bank.

The change in the checking deposits will be

= \frac{1}{RR} \times amount deposited

= \frac{1}{0.11}\times \$ 2,500

= $22,727.27

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In recent years, Cullumber Company has purchased three machines.
alex41 [277]

Answer:

Cullumber Company

The depreciation expense for machine 2 in 2016 is:

$16,200

Explanation:

a) Data and Calculations:

Machine Acquired    Cost        Salvage Value   Useful Life     Depreciation

                                                                             (in years)          Method

1 Jan. 1, 2015         $134,000     $34,000                10        Straight-line

2 July 1, 2016            81,000           11,100                 5        Declining-balance

3 Nov. 1, 2016           77,500          8,500                 6        Units-of-activity

Total machine hours expected = 34,500

Actual hours of use in the first 3 years were:

2016       730

2017   5,900

2018   7,600

Double-declining method:

Depreciation expense for machine 2 = $16,200 ($81,000 * 40% *6/12)

8 0
3 years ago
Gina Baccardi is an accounting intern working under the tax accountant for Starlight Fashions, a clothing manufacturer, in New Y
vagabundo [1.1K]

Since he is working as a tax accountant for Starlight Fashions which is a clothing manufacturer, his salary would be classified as period cost..

<h3>What is period cost?</h3>

In preparation of financial account, a period cost refers to a cost that cannot be capitalized into prepaid expenses, inventory, fixed assets etc

In conclusion, because works as a tax accountant for the clothing manufacturer, his salary would be classified as period cost.

Read more about period cost

<em>brainly.com/question/24470417</em>

4 0
2 years ago
In which way do mood disorders differ from schizophrenic disorders​
Sav [38]

Answer:

With schizophrenia, it had to do with your mental state, with mood disorders, that deals with the way you feel. Schizophrenia is how you think and how your mental state is.

Hopes this helps

6 0
3 years ago
Madeline quits her job, at which she was earning $20,000 per year, and takes $50,000 out of savings and uses it to buy inventory
Soloha48 [4]

Answer:

Explanation:

Explicit costs are the ones that exist because there is an exchange of cash and are recorded in accounting calculations. The implicit costs are the ones that are not an exchange of cash and are not recorded in accounting calculations. The implicit costs are associated with the opportunity costs. The opportunity costs are the costs that someone have when they decide to do something and not doing another thing. In this case, Madeline decided to stop working for making her own business.

The opportunity costs or implicit costs are:

- The salary that Madeline could have earned

- The interest that could have been earned on Madeline's savings

The explicit costs are:

- The cost of inventory

-The cost of additional labor

-The cost of the building rent

7 0
4 years ago
I need help, please help me ​
Soloha48 [4]
Number two? I think
6 0
2 years ago
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