If the reserve ratio is 20% then the amount that a bank would keep in reserves after accepting the demand deposits is $2,000.
<h3>How much would the bank keep?</h3><h3 />
The reserve ratio refers to the percentage of deposits that banks have to keep as reserves in the Fed.
If this rate is 20%, the bank would therefore have to keep:
= 10,000 x 20%
= $2,000
In conclusion, the bank would keep $2,000.
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Answer:
30%
Explanation:
Given that,
In year 1:
Dave's Deli sales = $1,000
Bertha's Burgers sales = $1,500
In year 2:
Dave's Deli sales = $1,300
Bertha's Burgers sales = $1,800
Therefore,
percentage change in sales for Dave:
= [(Change in sales) ÷ sales in year 1] × 100
= [($1,300 - $1,000) ÷ $1,000] × 100
= ($300 ÷ $1,000) × 100
= 0.3 × 100
= 30%
Therefore, the Dave's sales increases by 30%.
Generally, a small-business owner follows four steps to develop the pro forma income statement:
Establish a sales projection
Set up a production schedule
Calculate your other expenses
Determine your expected profit
After using your sales projection as a starting point, you calculate the cost of goods sold if you are selling a physical product.
I would also suggest looking at trade organizations and asking other small business owners to help forecast costs.
Answer:
B. debit to WIP inventory
Explanation:
The journal entry to record the usage of direct material in production is
Work in Process Inventory Dr.
To Raw Material Inventory
(Raw materials consumed recorded)
Raw material inventory is an asset. It's consumption should reduce it's balance. A debit increases an asset's balance while a credit reduces it's balance.
Work in process, like raw material is an inventory account i.e an asset. A debit increases their balance whereas a credit reduces it.
Here, raw materials i.e direct material have been issued for production, which would reduce their balance and increase the balance of work in process as finished goods are yet to be made.
Answer:
Small macro disturbances can lead to much larger macro problems.
Explanation:
The Keynesian analysis depends entirely on demand. It is a simple analysis that shows that if a firm produces something and firm tries to price that product. it brings changes in gross demand directly and effects into converts GDP.
So we can say that even small disturbances can lead to big problems.
