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
madam [21]
3 years ago
7

A bank has $10,000 in excess reserves and the required reserve ratio is 20 percent. This means the bank could have __________ in

checkable deposit liabilities and __________ in total reserves.
Business
1 answer:
Sergeu [11.5K]3 years ago
6 0

Answer: $100,000; $30,000

Explanation:

The reserve rate is the amount of money that is made compulsory by the central bank of a country to the commercial banks to keep with them. It is a way of controlling the money in circulation.

A bank has $10,000 in excess reserves and the required reserve ratio is 20 percent. This means the bank could have $100,000 in checkable deposit liabilities and $30,000 in total reserves.

Since deposit is $100,000 and reserved rate is 20%, this will give an amount of: 20% × $100,000 = $20,000. Adding the $10,000 excess reserve will make $30,000 to which is the total reserve

You might be interested in
The following events took place at a manufacturing company for the current year:(1) Purchased $95,000 in direct materials.(2) In
Rom4ik [11]

Answer:

D $88410

Explanation:

Work in progress includes all the raw materials, direct labour and conversion costs incurred so far excluding cost of goods sold .

WIP= Intial WIP +Manufacturing costs incurred- Cost of goods sold.

The WIP inventory at the begining of the period is given as nil.

WIP during the period = (95000*80%)+56000+13600+107000

=252600(but it was given that 65% of the Process was completedi.e., finished goodswhich are not the part of the WIP inventory ; hence the remaining 35% is the Work in process inventory)

=$ 88410.

Further the remaining raw material 20% = 95000*20% shall not comprise a part of the WIP as it has not been brought into process itself , it shall lie in raw materials inventory itself.It shall be counted into the WIP once it is brought into the manufacturing assembly line.

3 0
3 years ago
Read 2 more answers
Helen taylor works 10 hours a day for 4 days a week, while her colleagues work 8 hours a day for 5 days a week. helen is utilizi
Kipish [7]
<span>Helen taylor works 10 hours a day for 4 days a week, while her colleagues work 8 hours a day for 5 days a week. helen is utilizing a flexible work schedule option known as the compressed workweek.Generally compressed work week means a work course of action where a standard week's worth of work is lessened to less than five days, and employees make up the full number of hours per-week by working longer hours.In some situations Elective work course of action where a standard week's worth of work is lessened to less than five days, and representatives make up the full number of hours per-week by working longer hours.In some situations for meeting deadlines compressed workweek may occur every other week.</span>
8 0
3 years ago
Lucie is reviewing a project with an initial cost of $38,700 and cash inflows of $9,800, $16,400, and $21,700 for Years 1 to 3,
Alecsey [184]

Answer:

Results are below.

Explanation:

To determine whether the project should be accepted or not, we need to calculate the net present value. <u>If the NPV is positive, the project should be accepted.</u>

<u>To calculate the NPV, we will use the following formula:</u>

NPV= -Io + ∑[Cf/(1+i)^n]

Cf1= 9,800/1.0975= 8,929.38

Cf2= 16,400/1.0975^2= 13,615.54

Cf3= 21,700/1.0975^3= 16,415.20

Total= $38,960.12

NPV= -38,700 + 38,960.12

NPV= 260.12

<u>The project is profitable. </u>

5 0
3 years ago
What are the two major energy sources obtained from the ocean floor?
djyliett [7]
D.) Oil and natural gas are the two major energy sources obtained from the ocean floor.

Drilling on the ocean floor has already been done and the most abundant oil and natural gas producers are North Sea, Gulf of Mexico, Atlantic Ocean (near Brazil and West Africa), Arabian Gulf, and South East Asian Seas.
7 0
3 years ago
Many students review course material at various times during a semester so they will be prepared for the final exam. these stude
kotegsom [21]
This best illustrates the value of the spacing effect.
This type of an effect refers to the fact that learning is better if it is extended over a long period of time. So, if you are studying for an exam, it is better to study for a month, where each day you will read a portion of a lesson, rather than pull an all-nighter and cram it all.
4 0
4 years ago
Read 2 more answers
Other questions:
  • Poppy co. uses a periodic inventory system. beginning inventory on january 1 was understated by $30,000, and its ending inventor
    9·1 answer
  • Shahia Company bought a building for $88,000 cash and the land on which it was located for $117,000 cash. The company paid trans
    11·1 answer
  • Only 3 days after the attacks of 9-11, Northwestern Mutual began providing death benefits to surviving families of the first res
    15·1 answer
  • Two years ago, you invested $1,000 in a healthcare stock. Your return during the first year was -50 percent, while your return i
    9·1 answer
  • In October of the current year, Jasmine received a $15,520 payment from a client for 32 months of rent. The rental period begins
    15·1 answer
  • A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the
    8·1 answer
  • You are at a trading card convention, and observe that for a certain card, a dealer is willing to buy the card for $100, and sel
    5·1 answer
  • How long does someone stay on your best friend list on Snap chat??​
    12·1 answer
  • How should wildlife species like grouse or deer be valued, and how should that value be balanced against the economic interests
    13·1 answer
  • The following information was taken from the 2021 financial statements of Waterway Industries: Bonds payable, January 1, 2021 $
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!