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Cloud [144]
3 years ago
10

You just deposited $4,000 in cash into a checking account at the local bank. Assume that banks lend out all excess reserves and

there are no leaks in the banking system. That is, all money lent by banks gets deposited in the banking system. Round your answers to the nearest dollar. If the reserve requirement is 20 %, how much will your deposit increase the total value of checkable bank deposits
Business
1 answer:
ycow [4]3 years ago
5 0

Answer: $20,000

Explanation:

The reserve requirement is a central bank regulation which sets minimum amount of reserves which must be held by a commercial bank.

When reserve requirement = 20%

= 20/100

= 0.20

Total increase in the checkable deposit will be = $4,000 / 0.20= $20,000

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Discount Airlines is preparing a contribution margin report segmented by route. The following information is available: Atlanta/
IgorC [24]

Answer:

17.3%

Explanation:

The contribution margin ratio is shown below:

Contribution margin ratio = Contribution margin ÷ Sales × 100

where,

Contribution margin is

= Sales - variable cost

Sales arise from passengers ($1,250 × 7,100)  $8,875,000  

Less:  

Food ($7 × 7,100) $497,00  

Selling ($90 × 7,100) $639,000  

Fuel ($15 × 190,000) $2,850,000  

Wages ($20 × 190,000) $3,800,000  

Total variable cost ($7,338,700)  

Contribution margin  $1,536,300  

So, the contribution margin ratio is

= $1,536,300 ÷ $8,875,000  

= 17.3%

8 0
3 years ago
A month after your mutual aid agreement is activated for an incident, a participating jurisdiction claims that their responders
vova2212 [387]

Answer:

A. Check the Insurance and Liability section of your mutual aid agreement

Explanation:

Firstly, a mutual aid agreement is a documents that sets the rules or terms under which help or assistance can be provided between two parties, jurisdictions, NGO, etc.

From the above question, it is important that before any step is taken, it is important to check the insurance an liability section of the mutual aid agreement. This will help to ascertain if indeed you are responsible for the healthcare payment of the responders as claimed by the participating jurisdiction.

This helps to clarify who is responsible for the responders.

Cheers

4 0
3 years ago
Compared to the equilibrium price and quantity sold in a competitive market, a monopolist will charge a ______________ price and
Alik [6]
Compared to the equilibrium price and quantity sold in a competitive market, a monopolist will charge a ________higher______ price and sell a _________smaller_____ quantity.
8 0
3 years ago
At Sam’s Swimming Pool Cleaning, Sam charges each of his 85 customers $25 per week for 52 weeks of service every year. Since poo
Nataly_w [17]

Answer:

$ 62,500

Explanation:

1. calculating weekly revenue: 85 clientX25 dollars

       85x25=2,125.00

 2. Annual income:     2, 125x52=110,500 dollars.                      

3. Annual  expenses: =48,000 dollars

4. Annual revenue:  revenue - expenses=62,500.00

Annual income  dollars: 62,500.00

 

7 0
3 years ago
The Gomez Trust is required to distribute $80,000 annually, split equally between its two income beneficiaries, Lara and Byron.
Maru [420]

Answer:

A.$30,000

B.$30,000

C.First-tier of $30,000 to both beneficiarie

Explanation:

Gomez Trust

a. (1/2×DNI $60,000)

=$30,000

b.$30,000

c.First-tier of $30,000 to both beneficiarie in which First-tier distributions can be said to be those distributions which are often composed of trust accounting income that is required to be distributed currently.

Hence there are no second-tier distributions because the tier system only accounts for the annual DNI amounts, and all of the $60,000 DNI are been distributed on the first tier.

6 0
3 years ago
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