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SashulF [63]
3 years ago
7

the ABC Company has a monthly collected balance of $600,000. Its bank pays an earning credit rate of 0.75%. The Reserve Requirem

ent Ratio is 10%. Given 30 days in the month, What is ABC's monthly earnings credit?
Business
1 answer:
ohaa [14]3 years ago
3 0

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% × \frac{30}{365}

= $332.1

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Government-regulated maximum rent levels are an example of what? A. price floors B. public good C. rationing D. price ceilings
OLga [1]

D. Price ceiling

This is a government regulation that establishes a maximum price for a specific thing.

3 0
3 years ago
Which of the following terms is a general description for a group of crimes?
s344n2d4d5 [400]

Which of the following terms is a general description for a group of crimes?  

A) Robbery

B) Larceny

C) Burglary

<u>D) Theft</u>

8 0
3 years ago
Last year mike bought 100 shares of dallas corporation common stock for $53 per share. during the year he received dividends of
Pepsi [2]
Mike brought 100 shares costing $53 each.
Total costs of shares= 100*53
=$5300

He got dividends of $1.45 per share. A dividend is money that is earnt back from a share.
Total dividend amount = 1.45*100
=$145

I'm assuming that Mike sold his shares at the end of the year. He sells for $60 each.
Total sales amount=60*100
=$6000

The rate of return in this instance can be defined as the amount of money made back from a share.

Rate of return= total earnings/ costs

Total costs= $5300
Total earnings=$6145

6145/5300=1.1594
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Hope this helps! :)
4 0
3 years ago
PLZZZZZ HELP!! 20 POINTS!!
Sphinxa [80]

Answer:

i say B or D

Explanation:

out of all of them, the most reasonable would be the money you make from the partnership.

7 0
2 years ago
Gilberto Company currently manufactures 84,000 units per year of one of its crucial parts. Variable costs are $2.90 per unit, fi
RoseWind [281]

Answer:

Cost to make $337,600

Cost to make $344,400

The company should make the product

Explanation:

Calculation to determine the total incremental cost of making 84,000 and buying 84,000 units

COST TO MAKE

Relevant per unit Relevant fixed cost Total relevant cost

Variable cost per unit $2.90 - $243,600(84000*$2.90)

Fixed manufacturing costs - $94,000 $94,000

Cost to make $337,600

($243,600+$94,000)

COST TO BUY

Relevant per unit Relevant fixed cost Total relevant cost

purchase per unit $4.10 - $344,400[$4.10*84000]

Cost to make $344,400

Based on the above calculation the cost of buying is higher than the cost of making therefore the company should MAKE the product.

5 0
3 years ago
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