Answer: $83050
Explanation:
Based on the information given in the question, the total reserves of First National Bank will be given as follows:
Total deposit = $675000
The Required reserve ratio will be:
= 675000 × 9%
= 675000 × 9/100
= $60750
Since the bank has excess reserves of $22,300, then the total reserve will be:
= $60750 + $22300
= $83050
The primitive vs. civilization hope this helps
Answer:
D. Contribution margin would be equal to total fixed costs
Explanation:
As we know that
break even point is the point at which the firm is earning no profit or no loss suffered
In equation, it is
Total cost = Total revenues
In addition,
The contribution margin = Sales - variable expenses
Therefore
The contribution margin = Fixed cost = break even point
If we subtract the contribution margin from the fixed cost the amount should be zero which implies the break even point
Answer:
its cost is least in terms of alternative goods that might otherwise be produced
Explanation:
Comparative Advantage
This is simply explained as when an individual has an opportunity cost of performing a task is lower than the other individuals opportunity cost that is it is more efficient. It is the usual fundamental basis for international trade. Its principle includes production at a maximum peak to be achieved if each individual focus on the job or activities for which his or her opportunity cost is lowest.
Opportunity Cost
This is simply known as the highest valued of an alternative that must be given up so as to be involved or engage in an activity/job or task. There are several sources of a comparative advantage. They includes;
1. Climate and natural resources
2. Relative abundance of labor and capital
3. Technology
4. External economies etc.
Answer:
$760,000
Explanation:
Costs of goods sold are the direct costs incurred in manufacturing products that sold to consumers in a period. It is obtained by using the formula below.
COGS = Beginning stock + purchases/ manufactured goods - ending stock stock.
For Edmiston Company
Beginning stock: $50,000
Endings stock: $40,000
Cost of goods manufactured: $750,000;
COGS = 50,000 + 750,000 - 40,000
COGS = $760,000
