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boyakko [2]
2 years ago
7

Suppose that there is a checkable deposit intoYourBank. Which of the following statements is an accurate description of the chan

ges that occur at​ YourBank? A. The required reserves decrease by the amount of the deposit times the required reserve ratio. B. The required reserves increase by the amount of the deposit. C. The required reserves increase by the amount of the deposit times the required reserve ratio. D. The excess reserves increase by the amount of the deposit times the required reserve ratio.
Business
1 answer:
maks197457 [2]2 years ago
3 0

Answer: Option (C) is correct.

Explanation:

The required reserves are the reserves that banks have to keep it with central bank. Required reserves are the fraction of Check-able deposits. The required reserves are determined by multiplying the deposited amount with the required reserve ratio.

Required reserves = Deposited amount × Required reserve ratio

Required reserve ratio is set by the central bank.

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At year-end, the perpetual inventory records of Anderson Co. indicate 60 units of a particular product in inventory, acquired at
omeli [17]

Answer:

A. Debiting Cost of Goods Sold $7,000

Explanation:

The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.

At year-end, the perpetual inventory records of Anderson Co. indicate 60 units of a particular product in inventory, but a physical inventory taken at year-end indicates only 50 units of this product actually are on hand. So 10 units of the product was shrinkage.

The company should debit Cost of Goods Sold to record this inventory shrinkage.

Anderson Co. use LIFO method, the amount shrinkage product:

10 x $700 = $7,000

6 0
3 years ago
Brody and tanya recently sold some land they owned for $200,000. they received the land five years ago as a wedding gift from br
Andrej [43]
When calculating the long term capital gain on the sale of the property, it is important to make sure adjustments are made from the original date of purchase and when the land was gifted. 

To solve:
Adjusted amount = Original purchase amount + (gift tax X difference in what the land was worth/original land worth amount)
Adjusted amount = $20,000 + ($40,000 X $80,000/$100,000)
Adjusted amount = $52,000

Land owned for $200,000
Adjust amount is $52,000

$200,000 - $52,000 = $148,000

The long-term capital gain on the property is $148,000.

5 0
3 years ago
When deciding on output levels, members of a cartel A. Set their output where MR=MC B. Produce the same level of output as if th
siniylev [52]

Answer: Option(D) is correct.

Explanation:

Correct option:  Act as if they were monopolies.

Cartel is a group of few firms that work towards the common goal. Because all the cartel members works together, that's why they act like a monopolies.

They decided to produce at a level where their combined marginal revenue is equal to the combined marginal cost.

Because they behave like a monopolist, so they sell lesser quantity at a higher prices than would be in a perfectly competitive market.

3 0
3 years ago
A simple linear demand function may be stated as q = a - bp + ci where q is quantity demanded, p is the product price, and i is
erma4kov [3.2K]
Good quality.good products . good price mostly important income value
7 0
2 years ago
_____ asserted in an article in the Harvard Business Review that modern transportation and communications technologies are facil
Murrr4er [49]

Answer:

Theodore Levitt

Explanation:

Theodore Levitt was an American economist and professor at the prestigious Harvard Business School (Cambridge, Massachusetts). Also editor of the economic magazine Harvard Business Review (HBR) where they published their articles. It marked a milestone in creating the concept of "globalization" focused on an economic point of view, specifically in its article "Globalization of Markets" was where he referred to it for the first time, thanks to what became very popular and joined the currents of economist thinking.

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2 years ago
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