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Lubov Fominskaja [6]
3 years ago
9

Suppose a banking system has a required reserve ratio of 0.15. How much can the money supply increase in response to a $1 billio

n increase in excess reserves for the whole banking system?
Business
1 answer:
fenix001 [56]3 years ago
5 0

Answer:

the money supply increase in response to a $1 billion increase in excess reserves for the whole banking system is $6.67billion.

Explanation:

Increase in money supply = 1/0.15

Increase in money supply = $6.67 billion

Therefore, the money supply increase in response to a $1 billion increase in excess reserves for the whole banking system is $6.67billion.

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The williams family just bought a new van. the cost of the van is $26,857.00. state sales tax is 6% on the cost of the van. in a
KonstantinChe [14]
<span>Solution:
 Total cost of van = market cost of van + 6% sales tax on market cost + document verification fees
 6% sales tax on market cost = market cost x 0.06 = 26857 x 0.06 = 1611.42 Total cost of van = 26857 + 1611.42 + 250 = 28,718.42
 20% of total cost of van = 5843.684
 Remaining amount = Total cost of van - initial financing = 22,974.74 dollars Hence 22,974.74 dollars is the total amount that Williams family is financing.</span>
8 0
3 years ago
What is a records inventory? discuss why is inventory is conducted and what is included in the inventory?
MariettaO [177]
A records inventory is detailed listing found through surveying, of all records owned and stored by an organization. The goal behind this is to know where they are stored and how they are stored to have a record retention schedule. This information helps managers in present and in the future make decisions regarding the organization. 
5 0
3 years ago
In a pull manufacturing system, ______. Group of answer choices Production is based on government regulations Production is base
AysviL [449]

Answer:

actual customer demand

Explanation:

Pull production systems can be regarded as system whereby the product is been manufactured as a result of response to a specific demand. pull system can be regarded as lean manufacturing strategy , this strategy helps in reduction of waste in the production process. The components that is been used in manufacturing process are been only replaced only when consumed , so in this case, enough products are been made by companies only to meet customer demand. It should be noted that In a pull manufacturing system, Production is based on actual customer demand

7 0
3 years ago
M Corp. has an employee benefit plan for compensated absences that gives each employee 15 paid vacation days. Vacation days can
kicyunya [14]

Answer:

$27,600

Explanation:

Here, at the end of December 2021, M's unadjusted balance of liability towards vacation days are found to be 200 Days. And also provided that, on an average, each employee will earn $138 per day.

The amount of Liability for compensated absences in M Corporation = 200 Days * $138 per day = $27,600

3 0
3 years ago
The adjustment for overapplied overhead ______ net income.
tester [92]

Answer:

<em>The adjustment for overapplied overhead </em><em><u>decreases cost of goods sold and increases</u></em><em> </em><em>net income</em>

6 0
2 years ago
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