Answer:
$60,000
Explanation:
The computation of Money supply expand is shown below:-
Excess reserves = Actual - required
=$85,000 - (0.25 × $240,000)
=$85,000 - $60,000
= $15,000
Money supply expand = Excess reserves ÷ Reserve ratio percentage
= $15,000 ÷ 25%
= $60,000
Therefore for computing the money supply expand we simply deduct the reserve ratio percentage from excess reserves.
Answer:
A group of people who work together to achieve some specific purpose
Explanation:
Organisations or companies are established by people to achieve a common goal. Here people from different aspects and from different back ground come together and work together to achieve a specific purpose.
All people collaborate and help each other to full fill the vision and the objective of the organisation. They share their ideas and talents for the success of the organisation and help to achieve the specific purpose of the organisation.
Thus the answer is A group of people who work together to achieve some specific purpose.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Accounting profit = total revenue - explicit cost
Total revenue = 1000 * 30 * 15 = 450,000
Explicit cost = 150,000
<span>Accounting profit = 450,000 – 150,000 = 300,000</span>
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<span>therefore, The economic profit for the month is 300,000</span>