Answer:
(a) What is the amount by which Carla Bank's liabilities have changed?
Carla Bank's liabilities increased by $15,000 (bank deposits are liabilities).
(b) Calculate the change in required reserves for Carla Bank.
Carla Bank's reserves must increase by $15,000 x 5% = $750
(c) What is the dollar value of the maximum amount of new loans Carla Bank can initially make because of Christopher's deposit?
Carla Bank can loan $15,000 x 95% = $14,250
(d) Based on the central bank's open-market purchase of bonds, calculate the maximum amount by which the money supply can change throughout the banking system.
Money multiplier = 1 / 5% = 20
The money supply has the potential to increase by $15,000 x 20 = $300,000
(e) How will the change in the money supply in part (d) affect aggregate demand in the short run? Explain.
Aggregate demand will increase since the total money supply increases. This should also help to decrease the interest rates and foster investment.
Answer:
Note: The full question is attached as picture below
Overhead Cost of one Month = Total Overhead Cost / 12 Month
Overhead Cost of one Month = $403,200 / 12 month
Overhead Cost of one Month = $33,600
So, Overhead Chargeable Per Month is $33,600
PARTICULARS AMOUNT
Direct Materials $26,000
Direct Labor $21,000
Manufacturing overhead Applied <u>$33,600</u>
Total Manufacturing Expenses $80,600
Less: Job Work in Process
Direct Materials $3,000
Direct Labor $1,500
Cost of Goods Sold before proration $76,100
of over or under allocated overhead
Answer:
Deposits in transit
Explanation:
A company's deposit in transit is the currency and customers' checks that have been received and are rightfully reported as cash on the date received, and the amount will not appear on the company's bank statement until a later date. A deposit in transit is also known as an outstanding deposit.
When there is a deposit in transit, the amount should be listed on the company's bank reconciliation as an addition to the balance per bank.
Did you ask this for Edmentum? lol I'm doing the same tutorial.
