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3 years ago

15

Suppose a bank has $600 million in deposits and $30 million in required reserves, and it is holding no excess reserves. What is

the required reserve ratio

1 answer:

Kruka [31]3 years ago

7 0

Answer:

5%

Explanation:

Deposit= $600 million

Required reserve= $30 million

Required reserve ratio= required Reserve/deposit

= 30 million/600 million

= 0.05×100

= 5%

Hence the required reserve ratio is 5%

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It costs Glenwood, Inc. $82 per unit to manufacture 1,000 units per month of a product that it can sell for $122 each. Alternati

mixas84 [53]

<h2>Answer:</h2><h2>The profit would increase by $ 4000 if complex product was produced.</h2>

Explanation:

Total number of units to be manufactured = 1000

(i) The cost price of 1 unit = $ 82

The cost price of 1000 units = 82 * 1000 = $ 82000

Selling price of 1 unit = $ 122

The selling price of 1000 units = 122 * 1000 = $ 122000

Profit earned = 122000 - 82000 = $ 40000

(ii)To produce a complex product,

The cost price of 1 unit = $ 82 + $ 36 = $ 118

The cost price of 1000 units = 118 * 1000 = $ 118000

Selling price of 1 unit = $ 162

The selling price of 1000 units = 162 * 1000 = $ 162000

Profiy earned = 162000 - 118000 = $ 44000

Therefore, the profit would increase by $ 4000 if complex product was produced.

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4 years ago

Available-to-Promise: (choose all that apply) Check All That Apply Tells the sales force how many products are available to sell

Goshia [24]

Answer:

B. Coordinates production and sales efforts.

C. Takes into account current inventory, confirmed orders, and scheduled production.

Explanation:

Available to promise is a feature in businesses where the person in charge links up the available goods to the customer's demands. It is a coordination of production and sales.

The personnel representing the business checks the current level of production and tries to see if the current level of production or even the scheduled production can meet up with customer's demands. Some computer software are used to perform this operation in real-time.

5 0

3 years ago

Walker Clothing Store has a balance in the Accounts Receivable account of $390k at the beginning of the year and a balance of $4

lesantik [10]

Answer: The average collection period of the receivables in terms of days was 73 days.

Explanation:

Given that,

Accounts Receivable at the beginning of the year = $390,000

Accounts Receivable at the end of the year = $410,000

Net credit sales during the year = $2,000,000

Average collection period of the receivables in terms of days:

Average accounts receivables = $\frac{410000 + 390000}{2}$

= 4,00,000

Net credit sales = $\frac{2000000}{400000}$ = 5

∴ Accounts receivable days = $\frac{365}{5}$

= 73 days

The average collection period of the receivables in terms of days was 73 days.

4 0

3 years ago

Atlantic Video, a small video rental store in Philadelphia, is open 24 hours a day, and-due to its proximity to a major business

Vlad [161]

Answer:

A.19.82 minutes

B. 48 sorts

C. 10.75

Explanation:

A. Calculation for the average time

Based on Interarrival time 30 customers per hour will give us 1 customer per 2 minutes

Hence,

a = 2 min

Cva= 1

Process time which is p = 1.7 min

CVp will be :3 min/1.7 min = 1.765

Utilization will be calculated as :p/a = 1.7/2 = 0.85

Now let find the average time

Tq= 1.7 x [0.85/(1-0.85)]x[(1^2 + 1.765^2)/2]

Tq= 19.82 minutes

Therefore the average time will be 19.82 minutes

B. Calculation for How many videos can be sort

Utilization will be calculated as: p/a = 1.7/2 = 0.85

Idle time will be calculated as : 0.15 x 8 hours

Idle time = 1.2 hours =

1.2 hours converted to minutes will be 72 minutes

Hence,

Number of videos sorted = 72 minutes / 1.5

Number of videos sorted = 48 sorts

Therefore the numbers of video that can be sort will be 48 sort

C. Calculation for the average number of customers who are at the checkout desk

Tq= 19.82 minutes

p = 1.7

T = Tq+ p = 21.52 minutes

Iq= R x Tq= 1/a x 19.82 = 0.5

Iq=0.5 * 19.82

Iq = 9.9 customers

Hence we are going to use this formula to find the average number of customers

I = Iq+ Ip= Iq+ u

Let plug in the formula

I= 9.9 + 0.85

I= 10.75

Therefore the average number of customers who are at the checkout desk will be 10.75

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4 years ago

Why do you think special riders are necessary to cover jewelry, stamp collections, coin collections, and laptop computers?

ankoles [38]

Answer:

A special riders are necessary to cover jewelry, stamp collections, coin collections, and laptop computers is explained below in details.

Explanation:

Muslims dominate North Africa throughout the period of 1500 up to 1800. they created a block to prevent moreover European investigation from infiltrating Africa from the north. however, the Dutch were yet capable to progress via the inside with having south Africa as one of the roads heading to the east for exchanging with Asia.

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3 years ago