Answer:
A. $50 in required reserves.
Explanation:
Required reserve is a reserve amount which is required by the regulatory authority to a bank to maintain as a percentage of total deposit. Sometimes the bank reserve extra amount above the requirement to deal with any abnormal transaction. This value is known as the excess reserves.
As per given data
Deposits = $500
Reserves = $200
Required Reserve ratio = 10 percent
Required reserve = Reserve required / Total Deposit
0.1 = Reserve required / $500
Reserve Required = $500 x 0.1
Reserve Required = $50
Excess reserve value = Actual Reserve - Required reserve = $200 - $50 = $150
Answer:
selection
Explanation:
SELECTION is the term that refers to the process of choosing from a group of qualified applicants the individual best suited for a particular position.
Answer: The answer is provided below
Explanation:
a). The revenue here shows that
Wendover's patients were capitated. The is because the actual revenue figures were assumed to be $180, but it
later came to $300 which means that the revenue increased.
The reason is that a capitated patient provides fixed payment a year, while a fee for service client pays per usage. With this explanation, it can be concluded that majority of Wendover's patients are fee for service because the difference between static results and the actual results is very high.
) 1. Revenue variance
= Actual Revenues - Static budget
= $ 300 - $ 425
= - $125
2. Volume variance
= Flexible Revenue - Static Budget
= $ 200 - $ 425
= - $ 225
3. Price Variance
= Actual Revenues - Flexible Revenues
=$300 - $200
= $100
4. Enrollment variance
= Flexible Revenues - Static Budget
= $ 180 - $ 425
= - $ 245
5. Utilization variance
= Flexible Revenue- Flexible Budget
= $ 200 - $ 180
= $ 20
An entrepreneur is a person who combines the other factors of production - land, labor, and capital - to earn a profit.
Answer:
1. SEA DOWN
INCOME STATEMENT
conventional Variable
sales 10535000 10535000
cost of sales -7310000 - 4730000
commission - 2365000
contribution 3440000
gross profit 3225000
commission -2365000
fixed costs - 2760000
operating costs -245000 -245000
net income 615000 435000
2. Absorption method has the higher operating income, because manufacturing costs are charged to the cost of units and are usually less costly per unit ( the more units produced the lesser fixed costs become) than in total and in Variable method fixed costs are taken as a total.
3. conventional Variable
sales 11270000 11270000
cost of sales -7820000 -5060000
commission -2530000
contribution 3680000
gross profit 3450000
commission -2530000
fixed costs - 2760000
marketing cost -150000 -150000
operating costs -245000 -245000
net income 525000 525000
If the company is using Absorption method as basis for decision then it should not take the promotion as it yields to a decrease in net income. If the company uses Variable method as basis then it should take the promotion as it leads to an increase in profits.
Overall I think the company should take the promotion because it has an increased contribution to fixed costs and the two methods yield the same net income and that is a guarantee.
Explanation:
units
opening 0
produced 230000
closing - 15000
sold 215000
unit cost
Arbsoption Variable
VC 22 22
FIXED 12
UNIT COST 34 22