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3 years ago

1. Explain the computation of the monetary multiplier.

1 answer:

7 0

The money multiplier is defined as the amount of money the banking system generates with each dollar of reserves. ... Thus, the money multiplier can can be calculated as the inverse value of the reserve ratio. That is, if the reserve ratio is R, the money multiplier is 1/R.

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As a teenager, Enrique learned a valuable lesson from his dad, who told him to invest $1,000 at 8 percent interest at age 20 and

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Answer: $538,806.50

Explanation:

This question is a compound interest question. If the savings increased at 14% per year then the amount when he is 68 will be;

Future Value = Present Value * ( 1 + Interest Rate ) ^ Years

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3 years ago

completion. Item8 Part 5 of 5 10 points Return to questionItem 8Item 8 Part 5 of 5 10 points Required information [The following

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Answer and Explanation:

The computation of amount of revenue and gross profit (loss) to be recognized in each of the three years is shown below:-

Sales revenue for the present period for 2021 = $31,00,000.00

Sales revenue for the present period for 2022 = $46,00,000.00

Sales revenue for the present period for 2023 = $23,00,000.00

Gross Profit for year 2021 = $5,58,000.00

Gross profit for year 2022 = $8,28,000.00

Gross profit for year 2023 = $2,25,400.00

To reach the sales revenue we simply deduct the Sales revenue recognized in previous period from Sales revenue recognized till date for 3 years on the other hand to compute the gross profit we simply deduct the Cost incurred during the year from Sales revenue for the present period for 3 years.

For clarification we attached the spreadsheet to reach the sales revenue and gross profit for 3 years.

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3 years ago

Columbia Tires and Pacific Tires together control 75% of the tire market in the country. This is an example of what type of mark

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The appropriate response is Oligopoly. It is a market structure in which few firms has the expansive dominant part of piece of the overall industry. An oligopoly is like a restraining infrastructure, aside from that as opposed to one firm, at least two firms command the market. There is no exact maximum utmost to the quantity of firms in an oligopoly, yet the number must be sufficiently low that the activities of one firm altogether effect and impact the others.

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