Answer:
Excess reserve = $180 million
Explanation:
Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.
Therefore the required reserve for this bank = 10% ×$200 million= $20 million
Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.
It is calculated as = Total deposit - Required reserve
So we apply this to our question
Excess reserve = $200 million - (10% × $200 million)
= 180 million
Excess reserve = $180 million
Answer:
The correct answers are all of the above options
Explanation:
Trade is the term which is defined as the activity of exchanging, buying or selling the goods and the services among the countries, people, families, nations.
It offers the variety or range of the products which could be sold in the market in order to earn or gain profit so that could benefit the business or themselves.
So, it could be better off when applies to the trade and interactions among the families, nations and states within US.
Answer:
Gross profit = $4,305
Explanation:
<em>The average cost per unit is the total cost of the goods available for sale divided by the total units of goods available</em>
Average cost per unit=
= (250× 6) + (490 × 6) + (740 at $7 )/ (250 +490 + 740)
=$6.5
Cost of golds sold = 1,230 ×6.5 = 7995
Gross profit = Sales Revenue - Cost of goods sold
= (1230 × 10) - 7,995
= $4,305
Answer: Functional departmentalization
Explanation: In a functional departmentalization structure, the company tries to organize the employees into groups based upon the specific skills they possess. The activities performed by such groups are different from each other but the employees within groups performs the same task.
In the given case, the manager is dividing the company as per the purchase,serving and home delivery etc. It is evident that the grouping is done upon the specific activities to be performed.
Hence we can conclude that the correct option is B.