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3 years ago

When the actual reserves held by a bank exceed the legal requirement

Business

1 answer:

kipiarov [429]3 years ago

6 0

This is known as "excess reserves."

Many banks will choose to loan the excess reserves out to customers and earn money from the collected interest.

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The perimeter of a rectangle with a width x and a length that is four times the widthA nursery has $55,000 of inventory in dogwo

nalin [4]

The question is incorrect. The correct question is as follows,

A nursery has $55,000 of inventory in dogwood trees and red maple trees. The profit on a dogwood tree is 28% and the profit on a red maple tree is 17%. The profit for the entire stock is 20%. How much was invested in each type of tree?

Answer:

The investment in Dogwood trees is $15000.

The investment in red maple trees is = $40000

Explanation:

To calculate the investment in each type of tree, we will say that x was invested in dogwood trees and the investment in red maple trees was 55000-x.

The profit on the entire investment is calculated as the weighted average of the profit on dogwood trees and profit on the red maple trees. The formula for overall profit can be written as follows,

Overall profit = Investment in dogwood / total investment * profit % on dogwood + Investment in red maple / total investment * profit % on red maple

0.2 = x / 55000 * 0.28 + (55000 - x) / 55000 * 0.17

0.2 = 0.28x / 55000 + (9350 - 0.17x) / 55000

0.2 = 0.28x + 9350 - 0.17x / 55000

0.2 * 55000 = 0.11x + 9350

11000 = 0.11x + 9350

11000 - 9350 = 0.11x

1650 / 0.11 = x

x = $15000

If x is $15000, this means that the investment in Dogwood trees is $15000.

If x is $15000, this means that the investment in red maple trees is 55000 - 15000 = $40000

4 0

3 years ago

"Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quan

Anastaziya [24]

Answer:

Law of demand

Explanation:

Indeed, the law of demand is that the price and quantity demanded are inversely related. Ceteris paribus, the economist say. It is a latin expression that means "other things equal".

As the resources are, per definition, scarce, the consumers, ecomomic agents who buy the products, need to allocate the money among the different goods and services that the market puts at their disposal.

And they allocate the resources in a intelligent way: they "calculate" the utility of each product considering the cost. If the price increase, the ratio of utility to cost decreases and the consumer will diminish the quantity demanded for that good. If the price decrases, the utility to cost ratio increases and the quantity demanded will increase.

7 0

3 years ago

Explain how consumer tastes and preference changes demand for a product

k0ka [10]

Answer: Because 12 = 13 which is not aloud which ends up becoming 14 but is acutally 923

Explanation: Hope that helps1

8 0

3 years ago

On April 23, Mrs. Y purchased a taxi business from Mr. M for a $60,000 lump-sum price. The business consisted of a two-year-old

vladimir2022 [97]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

It must allocate $\$19000$ for both the taxicab and $\$41,000$ for the rest of the license, the client list, and the company name registered.

Its cost of intangible material could be amortized for 180 months starting in April. $(\frac{41,000}{180}) \times 9\ \ months = \$2,050$ is her amortization deduction.

She could also use Section 179 to decrease her taxable money to $\$17,890 (\$36,890 - \$19,000)$ but include her deduction.

Her taxable annual income is $\$15,840 (\$17,890 - \$2,050)$ .

In point b:

They must allocate $\$19,000$ for the taxi and $\$41,000$ for their licenses, the customer list as well as the business by interacting with people register. Its cost of the material could be depreciated for 180 months, starting in April.

$(\frac{41,000}{180}) \times 9\ \ months = \$2,050$ is her amortization deduction.

The taxable income here $= \$0 (from \ \$17,100 -\$19,000) = -1,900.$

Section 179 could be requested if another income is earned on the tax return (such as W-2 wages).

As all Section 179 is unpaid with other earned income, it is carried forward into the next year.

3 0

3 years ago

Identify the detective control below.

Darina [25.2K]

Answer:

Reconciling the bank statement to the cash control account.

Explanation:

The reason is that the detective approach is the one which helps in identification of the errors in recording the facts and figure in a control system is the detective control. In this case, bank reconciliation helps in accessing the errors and entries that are not recorded in the books of accounts hence it is a detective control.

7 0

3 years ago