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sukhopar [10]
3 years ago
12

Fiona deposits $2,000 into a savings account. If the Fed requires a 20 percent reserve ratio, how much of Fiona’s money can the

bank lend?
Business
1 answer:
puteri [66]3 years ago
4 0

Answer:

Explanation:

The amount the the fed require =  

20/100 x 2,000 = 400

The amount of money that Fiona's bank can lend is : $ 2,000 - $ 400

= $ 1,600

hopefully this helps you

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A company's product is very complex, and there is value in having employees develop deep expertise in each aspect of the product
Drupady [299]

The organizational structure that would allow for deep, specialized knowledge to be fostered is a<u> functional structure. </u>

<h3>What is a functional organization structure?</h3>

This refers to a practice of many companies where people who have different expertise are put into different departments that complement their skills.

This ensures that the employees will develop deep expertise in their field because they will focus on it by being in a department that is based on their expertise.

Find out more on functional organizational structures at brainly.com/question/14700402.

4 0
2 years ago
Limited partners are not personally liable for partnership debts beyond their capital contributions. True or False
iragen [17]

Answer:

F?

Explanation:

"A limited partnership has two types of​ partners: general and specific. ... Limited partners in a limited partnership invest capital but do not participate in management and are not personally liable for partnership debts beyond their capital contributions. E.A limited partnership must have one or more general partners."

3 0
3 years ago
Spencer Co. has a $280 petty cash fund. At the end of the first month the accumulated receipts represent $51 for delivery expens
uranmaximum [27]

Answer:

Credit to cash $230

Explanation:

Preparation of the Journal entry for the reimbursement of the account of Spencer Co.

Based on the information given we were told that the company spent the amount of $51 for delivery expenses, the amount of $159 for merchandise inventory, and the amount of $20 for miscellaneous expenses from their petty cash fund at the end of the month, which means that the journal entry to record the reimbursement of the account will be:

Dr Delivery expenses $51

Dr Merchandise inventory $159

Dr Miscellaneous expenses $20

Cr Cash                                  $230

(To record petty cash reimbursement)

7 0
3 years ago
Find the amount to which $550 will grow under each of the following conditions. Do not round intermediate calculations. Round yo
Cloud [144]

Answer:

(A)Fv= $864.2

(B) Fv= $1302.05

(C) Fv=  $2003.4

(D) Fv= $96817.21

Explanation:

Giving the following information:

Initial investment= $550

We will use the final value formula:

FV=Present value*(1+i)^n

(A) 9% compounded annually for 5 years.

Fv= 550*(1.09)^5=$864.2

(B) 9% compounded semiannually for 5 years.

Fv= 550*(1.09)^10= $1302.05

(C) 9% compounded quarterly for 5 years.

Fv= 550*(1.09)^15= $2003.4

(D) 9% compounded monthly for 5 years.

Fv= 550*(1.09)^60=$96817.21

6 0
3 years ago
Andrews Company manufactures a line of office chairs. Each chair takes $14 of direct materials and uses 1.9 direct labor hours a
Sever21 [200]

Answer:

Unitary cost= $49.72

Explanation:

Giving the following information:

Each chair takes $14 of direct materials and uses 1.9 direct labor hours at $16 per direct labor hour. The variable overhead rate is $1.20 per direct labor hour, and the fixed overhead rate is $1.60 per direct labor hour.

The unitary cost under absorption costing is the sum of direct material, direct labor, and total overhead.

Unitary cost= 14 + (1.9*16) + (1.2*1.9) + (1.6*1.9)= $49.72

3 0
3 years ago
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