1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Airida [17]
2 years ago
9

What would be the amount of deposits D, given that the monetary base MB $750 billion, the required reserve rate (r) -0.1, the ex

cess reserve rate (ERID) 0.005, and non-bank currency to deposits (CID) equaled 1.2?
Business
1 answer:
Thepotemich [5.8K]2 years ago
4 0

Answer:

$574.71 billion.

Explanation:

The formula for calculating amount of deposits is as follows:

D= \frac{1}{(C/D)+rr+(ER/D)}\times MB

where,

D = Deposits

rr = required reserve rate

ER/D = excess reserve rate

C/D = non-bank currency to deposits

D= \frac{1}{(1.2)+0.1+(0.005)}\times 750

D = 574.712644

D = 574.71

Therefore,  the amount of deposits is $574.71 billion.

You might be interested in
The manager of manufacturing consults with a customer service representative to determine the status of a shipment to a customer
DiKsa [7]

Option C

This is an example of​ diagonal communication.

<u>Explanation:</u>

Diagonal communication is the distribution of information between various structural levels inside a business. Diagonal communication is advantageous as it is active, practical and valuable. It can also develop greater coordination between staff members. It can assist in solving problems precisely as various approaches are taken concurrently.

It lessens the uncertainties of falsification or distortion by promoting communication among the appropriate parties. It also diminishes a manager's communication workload because he doesn't ought to work as an emissary among his direct statements and other administrators.

8 0
3 years ago
Unlike excise taxes, price ceilings create no deadweight loss. <br> a. True <br> b. False
ale4655 [162]
False. Price ceilings, provided there are no other government policies in place, will cause deadweight loss. Diagram provided.

5 0
3 years ago
The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Department 1 Department 2 Manufactu
Rashid [163]

Answer:

$3,628  per direct labour hour.

Explanation:

Total manufacturing overhead cost and total direct labour hours

Particulars                                       Dep 1             Dep 2          Total

Manufacturing overhead cost     1,360,000 3,560,000    4,920,000

Direct labour hours                       553,000     803,000     1,356,000

Plant-wide overhead rate = Total manufacturing overhead / Total direct labour rate

Plant-wide overhead rate = $4,920,000 / 1,356,000

Plant-wide overhead rate = $3,628

Therefore, the Plant-wide overhead rate is $3,628  per direct labour hour.

6 0
2 years ago
Dubai Corporation is looking to purchase a building costing $830,000 by paying $265,000 cash on the purchase date, and agreeing
neonofarm [45]

Answer:

Each payment is closest to $41,573.69.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the balance to pay for the building = $830,000 - $265,000 = $565,000

P =Quarterly payment or payment after every three months = ?

r = Quarterly interest rate = Incremental borrowing rate / Number of quarters in a year = 16% / 4 = = 4%. or 0.04

n = number of quarters = Number of years * Number of quarters in a year = 5 * 4 = 20

Substitute the values into equation (1) and solve for P, we have:

$565,000 = P * ((1 - (1 / (1 + 0.04))^20) / 0.04)

$565,000 = P * 13.5903263449677

P = $565,000 / 13.5903263449677

P = $41,573.69

Therefore, each payment is closest to $41,573.69.

4 0
3 years ago
Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs
Mekhanik [1.2K]

Answer:

Overhead absorption rate

= <u>Budgeted overhead </u>               x 100

  Budgeted direct labour cost

= <u>$400,000 </u>        x 100

   $2,000,000

= 20% of direct labour cost

Overhead applied

= 20% x $1,800,000

= $360,000

The balance in the factory overhead account is $360,000 debit

The correct answer is B

Explanation:

In this case, we need to calculate the overhead application rate, which is the ratio of budgeted overhead to budgeted direct labour cost multiplied by 100. Overhead applied is calculated as overhead application rate multiplied by actual direct labour cost.

6 0
3 years ago
Other questions:
  • Sarah has rented a house from Frank. The house is only two years old, but the roof leaks every time it rains. The water that has
    5·1 answer
  • For the past two years, regis has been working as an engineer. he enjoys the work and identifies himself as an engineer when peo
    7·1 answer
  • Metal Shelf ​Company's standard cost for raw materials is $ 4.00 per pound and it is expected that each metal shelf uses two pou
    10·2 answers
  • Stocks A and B have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f
    6·1 answer
  • Home Smart Inc. is a chain of supermarkets that sells its products at higher prices than its competitors. Yet, the supermarket c
    14·1 answer
  • What technological superiority a major factor in the conquest of the Americas?
    8·1 answer
  • An individual in the US wants to buy office equipment from England which costs 2,000 pounds. If the exchange rate is 1pound=$1.9
    8·1 answer
  • The Superintendent can examine an authorized fraternal benefit society and property/casualty insurance company once every:______
    6·1 answer
  • El Tapitio purchased restaurant furniture on September 1, 2021, for $35,000. Residual value at the end of an estimated 10-year s
    9·1 answer
  • Endorsement occurs when an athlete licenses his or her name to be used as a type of testimonial for a product or service.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!