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dusya [7]
3 years ago
5

After saving money in her piggy bank for 3 years, Beverly decided to deposit $5,000 of the money in the Millertown Bank. If the

bank were fully "loaned out" and the required reserve ratio were 20%, then the maximum change in the money supply due to this deposit would be $25,000. $20,000. $5,000. $4,000. $1,000.
Business
1 answer:
JulijaS [17]3 years ago
5 0

Answer:

$25,000

Explanation:

The computation of the maximum change in money supply is shown below:

= Deposit amount × money multiplier

= $5,000 × 5

= $25,000

Where, money multiplier is

= 1 ÷ required reserve ratio

= 1 ÷ 20%

= 5

So by multiplying with the deposit amount with the money multiplier we can get the maximum change in the money supply

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The Volt Battery Company has forecast its sales in units as follows: January 2,900 February 2,750 March 2,700 April 3,200 May 3,
goblinko [34]

Answer:

(the image attached) for the monthly production budget for january through June

Explanation:

1st We will list each month sales

Then, we will calcualte the desired ending inventory as 110% of next month sales:

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So, January ending inventory: 2,750 x 1.10 = 3,025

And so on with all the months.

Then we subtract the beginning inventory as those units are already produced/ in company's stocks

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3 0
3 years ago
Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 22% for two years and then at 5% therea
AleksAgata [21]

Answer:

The value of the stock = $19.64

Explanation:

According to the dividend valuation model, <em>the value of a stock is the present value of the expected future cash flows from the stock discounted at the the required rate of return.</em>

Year                     Workings                        Present value(PV)

1                 $1 × (1.22)  × 1.11^(-1)  =                     1.10

2                 $1 × (1.22)^2 ×(1.11)^(-2) =                1.21

3                 $1 × ((1.22)^2 × (1.05))/0.11-0.05) = 21.35 ( PV in year 2 terms)

PV (in year 0) of Year 3 dividend  = 21.35 × 1.11^(-2)

                                      = 17.33 (see notes)

<em>The value of the stock</em> = $1.10+ $1.21 + 17.3

                                      = $19.64

Notes:

<em>Note the growth applied to year 3 dividend gives the PV in year 2 terms. So we need to re-discount again to year 0.</em>

<em />

The value of the stock = $19.64

                                     

8 0
2 years ago
Arianna is responsible for the cleaning, pet, and paper products in the grocery store where she works. she considers herself an
Naya [18.7K]

Arianna is engaged in the category management of the store. Category management is involved in the retailing and the purchasing concept by which it ranges the products that are being purchased or the products that are being sold into categories that are being broken down in discrete groups that are in similar or products that are related.

4 0
3 years ago
Read 2 more answers
There's a lot of room for people to grow with this organization, hiring manager Myranda told the applicant. "But we expect a lot
Ray Of Light [21]

In this case it is a realistic view of the work. The manager makes it clear what the company intends with the employee. She explains that employment can offer good chances for professional growth, but also makes it clear that this will happen due to employee performance and consistent work. It is a realistic view of the job by presenting the benefits and duties of the employee.

4 0
3 years ago
Graham, Inc.'s April bank statement shows an April 30 balance of $5,120. Prior to reconciliation, its books show a cash balance
Mars2501 [29]

Answer:

$5,570

Explanation:

The purpose of a bank reconciliation statement is to reconcile the difference between Cash Book balance and Bank Statement balance. Also it is used to check accuracy of Cash Book and the accuracy of Bank Statement.

Graham, Inc.'s April bank reconciliation statement is prepared as :

Graham, Inc.

Bank reconciliation statement as at April 30

Balance as per Bank Statement                 $5,120

Add outstanding lodgments                         $800

Add back error at the bank                            $115

Less unpresented checks                           ($465)

Balance as per Cash Book                        $5,570

therefore,

The reconciled cash balance at April 30 on the bank reconciliation should be $5,570.

4 0
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