the ABC Company has a monthly collected balance of $600,000. Its bank pays an earning credit rate of 0.75%. The Reserve Requirem
1 answer:
Answer: $332.1
Explanation:
Given that,
Monthly collected balance = $600,000
Bank pays an earning credit rate = 0.75%
Reserve Requirement Ratio = 10% of $600,000
= $60,000
Investable amount = Monthly collected balance - Reserve requirement amount
= $600,000 - $60,000
= $540,000
ABC's monthly earnings credit:
= Investable amount × Earning credit rate × Time period
= 540,000 × 0.75% ×
= $332.1
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running sum of forecast errors RSFE = 500
mean absolute deviation MAD = 35
solution
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Answer:
Option (E) is correct.
Explanation:
For utility maximization,
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Explanation:
Please see attached detailed solution to the above questions and answers.
