If the required reserve ratio is a uniform 25 percent on all deposits, the money multiplier will be: a. 4.00.
<h3>Money multiplier</h3>
Using this formula
Money multiplier=1/required reserve ratio
Where:
Required reserve ratio=25% or 0.25
Let plug in the formula
Money multiplier=1/.25
Money multiplier= 4.00
Inconclusion if the required reserve ratio is a uniform 25 percent on all deposits, the money multiplier will be: a. 4.00.
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As we use much more of a product, we experience a diminishing marginal utility.
<u>Explanation:
</u>
The Law of Marginal Benefit Declining says that somehow the marginal use of each extra unit declining rises as consumption. The limited utility is generated as the utility shift is absorbed by a supplementary unit. Utility is an economic principle used to describe pleasure or satisfaction.
For example, a person may purchase a certain brand of chocolate for a little while. Soon, they may buy too little and choose another type of chocolate or buy cookies alternatively, because the fulfilment they initially received from chocolate is declining.
Answer:
Product cost= $1248
Period Cost= $312
Explanation:
Giving the following information:
The insurance coverage premium for the three years is $4,680.
Eighty percent of the premium applies to manufacturing operations and twenty percent applies to selling and administrative activities.
Total period:
Product cost= 0.80*4680= $3744
Period Cost= 0.20*4680= $936
For the first year:
Product cost= $3744/3= $1248
Period Cost= $936/3= $312
The correct question should have been:
Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe sources of work supplies, and present the work schedule. True or False
Answer: True.
Explanation:
A staff-level briefing is a type of meeting held for members of staff of a company, where information or instructions are been passed across from the management of the company to the members of staff. The information passed during a staff-level briefing is only meant for staff consumption.
