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xeze [42]
3 years ago
13

Which of the following is the purpose of requiring banks to keep a specific percentage of their deposits on hand in the vault? A

. To enable the government to calculate the bank's tax burden more easily B. To make sure customers' demands for withdrawals can be met instantly C. To ensure that banks have enough money to loan to potential customers D. To prevent growth of the money supply from stagnating
2b2t
Business
2 answers:
love history [14]3 years ago
8 0

Answer:

A. To enable the government to calculate the bank's tax burden more easily

Explanation:

hope this helps

Gelneren [198K]3 years ago
3 0

Answer to make sure  customers demands for withdrawals can be met instantly

Explanation:

apex

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Sunland Company collected $22400 in May of 2016 for 4 months of service which would take place from October of 2016 through Febr
kati45 [8]

Answer:

There is something wrong with this question because October to February is not four months, it's five months.

We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).

  • 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
  • 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200

No option is correct.

6 0
3 years ago
Following is a partial process cost summary for Mitchell Manufacturing's Canning Department. Equivalent Units of Production Dire
tensa zangetsu [6.8K]

Answer:

5. $232,000.

Explanation:

The computation of the  total conversion costs transferred out of the Canning Department equals to

= Number of units completed and transferred out × Cost per equivalent unit

= 80,000 units × $2.90

= $232,000

In order to find out the total conversion cost, we simply multiplied the number of units completed and transferred out with the cost per equivalent unit

3 0
3 years ago
Gwinnett County Chrome Company manufactures three chrome-plated products—automobile bumpers,valve covers, and wheels. These prod
Natali5045456 [20]

Answer and Explanation:

1. The computation of Stamping Department and machine hours is shown below:-

Stamping department = Associated Overheads ÷ Total Direct Labor hours

= $120,000 ÷ 1,200

= $100

Plating Department = Associated Overheads ÷ Total Machine hours

= $104,000 ÷ 2,640

= $39.39

2. The computation of product factory overhead costs is shown below:-

Stamping Department = Direct Labor hour × overhead rate

Plating Department = Machine hours × Overhead rate

Particulars            Automobile lamps    Valve Covers         Wheels

Stamping

Department              $56,000                    $30,000          $34,000

                               (560 × $100)            (300 × $100)     (340 × $100)

Plating

Department                $117,000                   $71,000          $76,000

                               (1,170 × $100)           (710 × $100)      (760 × $100)

Total Factory

overhead                    $173,000                 $101,000            $110,0

6 0
3 years ago
which of the following is an example of a fiscal policy? A) the goernment passes a universal tax credit to stimulate consumer sp
Bezzdna [24]

Answer:

The correct answer is letter "A": the government passes a universal tax credit to stimulate consumer spending during an economic downturn.

Explanation:

Fiscal policy refers to the collective governmental decisions concerning taxation and spending of a nation. The term fiscal policy is identified with the British economist John Maynard Keynes (1883-1946) who claimed that governments could control rates of macroeconomic growth by doing things like <em>raising the rate of employment, battling inflation </em>and<em> flattening business cycles</em>.

Thus, <em>a governmental universal tax credit to boost consumption is likely to be taken care of a fiscal policy.</em>

8 0
3 years ago
Read 2 more answers
The depreciation method that charges the same amount of expense to each period of the
Vadim26 [7]

Answer:

The straight-line depreciation method

Explanation:

Under the straight-line method, the depreciation amount is a percentage of the asset value at cost. The percentage is the depreciation rate. It is obtained by dividing one by the number of useful years.

i.e. depreciation rates =1/ useful life  x 100.

Since the depreciation rate will be constant, and the asset cost does not change its value, the depreciation amount will be a constant figure throughout the useful life of the asset.

6 0
3 years ago
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