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Luden [163]
3 years ago
12

if the federal reserve decreases the reserve rate from 10% to 8%, how does this affect the amount of money that would result bec

ause of fractional reserve banking from an initial deposit into the bank of $40,000
Business
1 answer:
True [87]3 years ago
7 0

40,000 divided by 0.08= 500,000

40,000 divided by 0.10= 400,000

So...

500,000- 400,000= $100,000

Answer is:

$100,000

Increases by $100,000.

Hope this helps, have a good day. c;

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At the beginning of the year, a company predicts total overhead costs of $810,900. The company applies overhead using machine ho
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Answer:

$13,780

Explanation:

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Now the amount of overhead applied is

= predetermined overhead rate × number of machine hours used

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By multiplying the predetermined overhead rate with the number of machine hours used we can get the amount of overhead applied

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Answer:

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8 0
2 years ago
A house is constructed in a neighborhood that is substantially larger than the existing houses. Based on the value principle of
Levart [38]

Answer: (2) Conformity

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The term conformity is basically used to describe the person behavior and also beliefs so that the person are able to fit in the specific groups.

It is the process of matching the norms that are implicit and shared by the individual groups for the interaction and this principle value are adversely affected.  

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7 0
3 years ago
Brown Co. pays weekly salaries of $10,500 on Friday for a five-day workweek ending on that day. Assuming the end of the accounti
ra1l [238]

Answer:

c.credit to Wages Payable for $6,300.

Explanation:

The journal entry to record the wages expense is shown below;

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