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
defon
3 years ago
5

Suppose that initially a bank has excess reserves of $800 and the reserve ratio is 20%. Then Andy deposits $1,000 of cash into h

is checking account and the bank lends $500 to Molly. That bank can lend an additional:
Business
1 answer:
Stella [2.4K]3 years ago
5 0

Answer: Bank can lend an additional $1100.

Explanation:

Given that,

Bank's initial excess reserves = $800

Reserve ratio = 20%

New deposits = $1,000

Required reserves = 20% of 1000 = $200

So, the banks have to keep $200 in reserves and can lend rest $800.

As given in the question that bank lends $500 to molly and has an excess reserves of $800, so the bank can lend an additional $1100.

You might be interested in
Mack's guitar fabrication shop produces low​ cost, highly durable guitars for beginners.​ Typically, out of the 100 guitars that
Virty [35]

Answer: 21.32 per hour

Explanation:

Guitars produced each month = 100

considered good enough to sell = 82%

Remaining are scrapped = 18 %

Selling price of each guitar = $260

Each guitar requires = 10 labor hours

Each employee works an average = 160 hours per month

Labor is paid = ​$11 per​ hour

materials cost = ​$40 per​ guitar

overhead = $4,200

Therefore,

Number of guitars are good enough to sell = 82% of 100

                                                                   = 82 guitars

Value of output = Number of guitars sell × Selling price of each guitar

                        = 82 × $260

                        = $21,320

Input in labor hours = Guitars produced each month × Labor hour employed in each guitar

                               = 100 × 10

                               = 1,000 hours

Labor productivity =\frac{output}{input}

                                =  \frac{21,320}{1,000}

                                = 21.32 per hour

7 0
3 years ago
What is advertisement
Elis [28]

Answer:

Advertising is a marketing communication that employs an openly sponsored, non-personal message to promote or sell a product, service or idea. Sponsors of advertising are typically businesses wishing to promote their products or services.

Explanation:

5 0
3 years ago
Torrey Co. manufactures equipment that is sold or leased. On December 31, 2021, Torrey leased equipment to Dalton for a five-yea
topjm [15]

Answer:

$850,000

Explanation:

The computation of Amount of income should Torrey realize from the lease transaction is shown below:-

Amount of income should Torrey realize from the lease transaction = Sale price - Cost

= $3,850,000 - $3,000,000

= $850,000

Therefore for computing the amount of income should Torrey realize from the lease transaction we simply deduct the cost from sales price.

5 0
3 years ago
While there is systematic risk within a nation, it may be ______ and diversifiableoutside the country after constructing a globa
tresset_1 [31]
<span>While there is systematic risk within a nation, outside the country it may be nonsystematic and diversifiable.</span>
3 0
3 years ago
During the interview, hiring manager Manuel openly discussed both the negative and positive aspects of the job with the applican
mylen [45]

Answer:

realistic job preview

Explanation:

A realistic job preview serves to show real life situations that candidates may face if they are chosen to cover open positions. This approach can be used to show the important aspects and required skills necessary to perform the job's tasks. As a human resource tool, this approach increases new employees' commitment and actually help to lower churn rate.

3 0
3 years ago
Other questions:
  • With the ___________ inventory control system, producers hold only the amount of materials and parts that they need for a short
    13·1 answer
  • A cut in taxes _____, shifting the aggregate demand curve to the _____. increases corporate profits and investment; left increas
    9·1 answer
  • Lucky lou has just won the lottery and will receive an annual payment of $100,000 every year for the next 20 years. if the annua
    13·1 answer
  • Matthew is a divisional manager at Venus Inc. and reports to the CEO of the company. The CEO delegates resources and authority t
    10·1 answer
  • When faced with a business problem, sally, a young grocery store owner, discusses business problems with don, the assistant mana
    10·1 answer
  • Does anyone know what a good college would be to go to,for a vetanarian degree? and how many years does it take to become one?
    7·1 answer
  • Allison has worked at an insurance company for several years. Many of her male coworkers have Sports Illustrated calendars, whic
    11·1 answer
  • The Churchill Corporation uses a periodic inventory system and the LIFO inventory cost method for its one prod-uct. Beginning in
    13·1 answer
  • Miska is working on an assembly line where she is paid $1.00 every time she places the handles on four pottery cups. what type o
    7·1 answer
  • When Alice started working, she has decided to deposit $250 a pay check into a savings account that earns an interest of 1% per
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!