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Fed [463]
3 years ago
15

A commercial bank has excess reserves of $5000 and a required reserve ratio of 20 percent. it makes a loan of $6000 to a borrowe

r. the borrower writes a check for $6000 that is deposited in another commercial bank. after the check clears, the first bank will be short of reserves in the amount of:
Business
2 answers:
diamong [38]3 years ago
5 0

Answer:

The first bank will be short of reserves in the amount of $1,000

Explanation:

According to the given data, we have the following:

bank excess reserves=$5,000

reserve ratio=20%

Total Reserve= $5000+(20%*$5,000)= $6,000

Therefore, to calculate the reserve shortage we would have to make the following calculation:

reserve shortage=$6,000 - $5,000 = $1,000

The first bank will be short of reserves in the amount of $1,000

irinina [24]3 years ago
5 0

Answer:

$1,000

Explanation:

To this calculation, we can use the following method

The bank has excess reserve of = $5,000

Loan been made to a borrower = $6,000

The amount that it will be short of it reserve is = Loan been made to a borrower - The bank has excess reserve

= $6,000 - $5,000

= $1,000

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sweet-ann [11.9K]

Answer:

It does not

Explanation:

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Now, looking at the particular scenario we have, the customer paid for the room, but he was not issued a receipt. This makes the case not treatable within the consumer protection law of the state as the receipt which should have been a prerequisite for further exploration is not available

3 0
2 years ago
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At an activity level of 9,300 machine-hours in a month, Falks Corporation’s total variable production engineering cost is $829,5
Neko [114]

Answer: $109.3 per machine hour

Explanation: We can compute total production engineering cost per hour by using following equation :-

=cost\:per\:machine\:hour=\frac{fixed\:cost\:+\:variable\:cost}{total\:machine\:hours}

but first we need to calculate variable cost at 9600 hours :-

=\$829,560\times\frac{9600hr}{9300hr}

       = $856,320

now,

=cost\:per\:machine\:hour=\frac{\$192,960+\$856,320}{9600hr}

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4 0
3 years ago
Etxuck327 Inc. sells a particular textbook for $39. Variable expenses are $28 per book. At the current volume of 49,000 books so
Westkost [7]

Answer:

539,000.00  

Explanation:

As per the contribution margin analysis concept, the break-even point is obtained by dividing fixed cost by contribution margin per unit.

For Etuck327,

The selling price is $39

Variable expense is $28

Break-even in units is 49,000 books.

Contribution margin per unit = selling price - variable costs

=$39- $28

=$11

if Break-even = fixed cost/ contribution margin per unit, then

49,000= fixed cost / 11

fixed costs = 11 x 49000

Fixed costs = 539,000.00    

                   

5 0
2 years ago
Business behavior determines the ethics of society.We can improve society's moral and ethical behavior by first making a commitm
valkas [14]

Answer: The correct answer is False.

Explanation:

Business behavior will not determine the ethics of society. Businesses can't be responsible to change the moral and ethical behaviors of a single person or an entire world. Only a person can change their own behavior. A society in whole can only be changed by each person acting upon their own free will.

If a business is not ethical, then they need to change the way they work and do business and lead by example.

7 0
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