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Kazeer [188]
3 years ago
10

Hypothetical Country has $120 in currency, $280 in reserves, and $900 in deposits. There are no excess reserves. Use this inform

ation to answer the questions. Enter your answers in decimal form rounded to two decimal places. Calculate the money multiplier. money multiplier: Calculate the reserve ratio. reserve ratio: Calculate the currency drain ratio. currency drain ratio:
Business
1 answer:
Colt1911 [192]3 years ago
4 0

Answer:

Reserve ratio = 31.11%

Currency drain ratio = 13.33%.

Explanation:

Reserve ratio = Reserves/Deposits = $280/$900 =  0.3111, or 31.11%

Currency drain ratio = Currency/Deposits = $120/$900 = 0.1333, or 13.33%

Therefore, reserve ratio is 31.11%, and currency drain ratio is 13.33%.

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Flyer Company has provided the following information prior to any year-end bad debt adjustment: Cash sales, $158,000 Credit sale
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Answer:

$8,870

Explanation:

Calculation to determine the balance in the allowance for doubtful accounts after bad debt expense is recorded

Using this formula

Balance in the allowance for doubtful accounts=

(Credit sales* Percentage of Credit sales)+Allowance for doubtful accounts credit balance

Let plug in the formula

Balance in the allowance for doubtful accounts= ($458,000*1.5%)+$2,000

Balance in the allowance for doubtful accounts=$6,870+$2,000

Balance in the allowance for doubtful accounts=$8,870

Therefore the balance in the allowance for doubtful accounts after bad debt expense is recorded will be $8,870

6 0
3 years ago
Marla is an architect who is designing a home for Chuck. Chuck is paying Marla $150 per hour to design his new home. When Chuck
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Answer:

  • falls
  • Marla's architectural design services are no longer bought by Chuck once they're  married

Explanation:

As a result, GDP <u>falls</u> because <u>Marla's architectural design services are no longer bought by Chuck once they're  married</u>.

8 0
3 years ago
A door hardware company’s marketing and supply chain teams have developed a good rapport between them. As information flows easi
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Answer:

2. A supply chain is broader than marketing channel

Explanation:

A supply chain involves the process from getting raw materials, to producing the finished goods, to delivering the goods to the final customer.

A marketing channel deals specifically with the distribution of finished goods and services to specific times of customer, through particular means.

As can be seen from the definitions, a supply chain is broader than a makerting channel, because it involves other actions besides the distribution to the final customer (more specifically the previous ones: getting the raw materials, and transforming those raw materials into finished goods).

6 0
3 years ago
According to Michael Porter, what are three effective competitive positioning strategies? a. focus, differentiation, and middle-
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Answer: D) overall cost leadership, differentiation, and focus

Explanation:

3 0
3 years ago
Does listening to soothing music help employees concentrate better? A psychologist studied the number of puzzles employees of a
ololo11 [35]

Answer:

Total puzzles solved expected by an employee: 2.61

Explanation:

we multiply each outcome by the probability adn then add them together. Thus, we are doing a weighted-average

0 x 0.06  =      0.00

1 x 0.16    =      0. 16

2 x 0.19   =      0.38

3 x 0.32  =      0.96

4 x 0.24  =      0.96

5 x 0.03  =<u>      0. 15 </u>

Total puzzles  2.61

8 0
3 years ago
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