Consider a world in which there is no currency and depository institutions issue only transactions deposits and desire to hold no excess reserves. The required reserve ratio is 15 percent. The central bank sells $0.98 billion in government securities.
What happens to the money supply?
Give reasons to support your answer.
Answer:
The answer is below
Explanation:
Considering the situation described above, the result is that there will be a DECREASE in the money supply of $6.53 billion.
This is because the money multiplier is calculated as 1/rr, where RR is the reserve ratio.
Hence, in this case, we have 1/0.15 = 6.67
Therefore, 6.67 × $0.98 billion = $6.53 billion.
Himber, Inc. just completed a job that cost $14,000 in direct materials, $12,000 in direct labor, and $8,000 in applied manufacturing overhead. The journal entry to record completion of the job debits MOH $1,000 and credit Property taxes payable $1,000
<h3>What is
manufacturing?</h3>
Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities. Such products may be distributed through the tertiary industry to end users and consumers (typically through wholesalers, who in turn sell to retailers, who in turn sell to individual consumers) or sold to other manufacturers for the production of other, more complex products (such as aircraft, home appliances, furniture, sports equipment, or automobiles).
To learn more about manufacturing from the given link:
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The type of recording system that the teacher is using in
counting the times that the student had raised their hands in his or her class
is the event recording, this type of recording system is a way of having to
document the behavior whenever the behavior has happened or it has been
triggered.
Answer: Watchful Eyes would probably benefit from departmentalization by <u><em>customer type.</em></u>
Explanation:
Customer departmentalization is when a business will group certain things, such as activities, by the basis of their regular/common customers. They also base this on the types of customers that they have.
Jobs in a business can also based on customer departmentalization. They do this with jobs by the type of customer that the business or organization serves.
There are several types of departmentalization used in business. Here is a few of the different types;
- Functional departmentalization
- Process departmentalization
- Time departmentalization
- Number departmentalization
- Geographic departmentalization
Answer:
a) Removal of unwanted buildings
d) Brokerage commission
e) Survey fees and legal fees
f) Purchase price
