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sashaice [31]
4 years ago
13

Consider the information for First National Bank: it has $80 million in checkable deposits, $15 million in deposits with the Fed

eral Reserve, $5 million cash in the bank vault, and $5 million in government bonds. If the reserve ratio is 20%, what are the excess reserves available for the bank to lend
Business
2 answers:
finlep [7]4 years ago
6 0

Answer:

$64 million

Explanation:

The excess reserves available for the bank to lend if the minimum reserve ratio is 20% is <u>$64 Million.</u>

Vikki [24]4 years ago
4 0

Answer:

$64million excess reserve.

Explanation:

We are given the following;

Checkable deposits =$80million

Federal reserve deposits= $15million

Bank vault = $5million

Government bond= $5million

To calculate the excess reserve available, we must first calculate the required reserve

Required reserve = $80million+$15million+$5million+$5million×0.2

= $105million × 0.2

=$21million

Excess reserve will now be

= total reserve - required reserve

= $85million - $21milliion

=$64million

We have $64million as the excess reserve available for the bank to lend.

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Freeman Company's accounting records include the following information: Payments to suppliers $ 47,000 Collections on accounts r
Mashutka [201]

Answer:

$73,600

Explanation:

Cash flow from Operating Activity

Cash sales                                                          $26,000

Collections on accounts receivable                 $99,000

Payments to suppliers                                      ($47,000)

Cash generated from operations                     $78,000

Income taxes paid                                              ($4,400)

Net cash provided by operating activities       $73,600

therefore,

the amount of net cash provided by operating activities indicated by these transactions is $73,600

4 0
3 years ago
The most frequent reason that some corporations send their manufacturing operations outside of the united states is to find high
marishachu [46]

To find highly skilled workers who are specialized

5 0
3 years ago
Definition of diverse nation
Umnica [9.8K]
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4 0
4 years ago
Gullett corporation had $44,000 of raw materials on hand on november 1. during the month, the corporation purchased an additiona
Zina [86]

Answer:

Dr Raw materials $93,000

Cr Accounts payable $93,000

Explanation:

Based on the information given we were told that during the month, the corporation had to purchased an additional raw materials of the amount of $93,000 which means that the journal entry to record the purchase of raw materials would include a:

Dr Raw materials $93,000

Cr Accounts payable $93,000

(To record purchase of raw materials)

4 0
4 years ago
Professor Foley conducted a cola taste test. Each participant in the experiment first tasted 2 ounces of Coca-Cola, then 2 ounce
aalyn [17]

Answer:

The three brand are famous soft drink brands utilized by individuals. It very well may be somewhat muddled for deciding the favored taste of the buyers. This exploratory plan is flawed as a result of the potential issues engaged with it. The test here is that the members may not give an exact rating. They may rate it the equivalent. There is an issue with this trial as one of the soft drinks going level may affect the rating of the members. As indicated by Malhotra (2010) the most widely recognized strategy utilized for testing is combined correlation. This can be utilized by the members for successful examination.  

The perplexing variable in the investigation incorporates the measure of time that went between the tasting of various soft drinks. The temperature of the soft drink additionally indicates the inclination of the members.  

The measure of time that has gone since the members had the beverage likewise chooses their inclination level.  

I would utilize correlation strategy wherein irregular examining will be picked. The refrigerated soft drinks will be given. A sense of taste chemical will be given after each drink to clean their taste. This will incorporate in excess of five preliminaries for effectiveness.

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