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BigorU [14]
3 years ago
6

If a bank has a required reserve ratio of 20% and has required reserves of $300,000,000, how much does the bank hold in deposits

Business
1 answer:
matrenka [14]3 years ago
4 0

Answer:

$1,500,000,000

Explanation:

Calculation for how much does the bank hold in deposits

Using this formula

DEPOSIT=Required reserves/Reserve ratio

Let plug in the formula

DEPOSIT=$300,000,000/0.20

DEPOSIT=$1,500,000,000

Therefore how much does the bank hold in deposits is $1,500,000,000

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The difference between the actual cost incurred and the standard cost is called the?
Taya2010 [7]

A Standard Cost Variance is a difference between the actual cost incurred and the standard cost against which it is measured.

The main difference between normal costing and standard costing is that normal costing uses actual costs for material and direct labor costs, whereas standard costing uses predefined costs for these two items. That's it.

This difference between standard cost and actual cost is called variance. An unfavorable variance occurs if the actual cost is higher than the standard.

The main difference between marginal costing and standard costing is that marginal cost is a subset of standard cost and standard is a superset of marginal costing. Description: Standard costing is a costing method and there are two types of costing methods.

Learn more about Standard Cost Variance here: brainly.com/question/25790358

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4 0
1 year ago
The _______________ on Lay's potato chips informs customers that the chips received the "Best Taste Award" among leading classic
MA_775_DIABLO [31]

Answer:

seal

Explanation:

Based on the information provided within the question it can be said that this information is found of the seal of the Lay's potato chips bag. This is is a type of award symbol that demonstrates excellence in a certain area for the product in question. Which in this scenario refers to the "Best Taste Award" that was given to the company by the American Culinary Institute.

4 0
3 years ago
Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its fact
allochka39001 [22]

Answer:

The list of items are as follows:

1. Salaries for assembly line inspectors - direct labor or manufacturing overhead

2. Insurance on factory machines - manufacturing overhead

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6. Wages paid to assembly line workers - direct labor

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8. Glue, nails, paint, and other small parts used in production - manufacturing overhead

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8 0
3 years ago
Nepresso sold all machine parts through ____________ channels
Serjik [45]

Answer:

general retail channel

6 0
2 years ago
Genève is a member of the board of directors and the chief financial officer of the corporation. Under the duty of care that sh
loris [4]

Answer:  

The correct answer is c."oversee every aspect of the business, including such things as ordering merchandise and arranging for janitorial services."

Explanation:  

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3 years ago
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