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horrorfan [7]
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
Business
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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Excerpt from Areojet Corporation Per Unit Per Month Selling price $ 200,000 Direct materials 40,000 Direct labor 10,000 Variable
Yuri [45]

Answer:

Absorption Cost                           $192,000

Variable Cost                           $52,000

Explanation:

Areojet Corporation

Absorption Costing

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Direct materials 40,000

Direct labor 10,000

Variable manufacturing overhead 2,000

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Absorption Cost                           $192,000

Areojet Corporation

Variable Costing

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Direct materials 40,000

Direct labor 10,000

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8 0
3 years ago
Explain how each of the following was key to industrialization: (a) coal, (be) iron, (c) better methods of transportation.
Ronch [10]
Coal was key to industrialization because it was used as fuel to run the factories. Iron was crucial for developing a wide array of tools and machinery. It was also important for the creation of railroads.The growth of the Industrial Revolution depended on the ability to transport raw materials and finished goods over long distances.There were three main types of transportation that increased during the Industrial Revolution: waterways, roads, and railroads.Transportation was important because people were starting to live in the West. During this time period, transportation via water was the cheapest way to move
4 0
3 years ago
"When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its produc
devlian [24]

Answer:

The correct answer is letter "C": differentiation strategy.

Explanation:

After a company has conducted a market segmentation classifying customers by age, gender, income, location and some other features, the firm must decide if focusing in one single market or if its resources allow them to conduct operations in more than one.  

When the entity decides in which markets their production processes will be focused on the differentiation strategy is implemented. With this approach, the company uses the information obtained from the market segmentation to create goods or services tailored to consumers' needs attempting to provide a product that better matches their needs.

3 0
3 years ago
Statement
RoseWind [281]
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</span><span>the government has instituted a legal minimum price of $2.70 per gallon for gasoline. - PRICE FLOOR ; BINDING

</span><span>the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. - PRICE CEILING ; BINDING</span>
7 0
3 years ago
Suppose the country of montgomery has specialized in the production of a good but has not yet entered into trade. At this point
WINSTONCH [101]

Suppose the country of montgomery has specialized in the production of a good but has not yet entered into trade. At this point in time, montgomery has <u>moved along its existing production possibilities curve.</u>

<u></u>

A production posibilities curve in economics measures the maximum output of goods and the use of a fixed quantity of input. The input is any aggregate of the four elements of manufacturing: natural resources (which include land), hard work, capital goods, and entrepreneurship.

for example, say an economic system produces 20,000 oranges and 12000 apples. On the chart, it truly is point B. If it desires to produce greater oranges, it ought to produce fewer apples. In the chart, factor C suggests that if it produces 45,000 oranges, it could most effectively produce 85,000 apples.

By means of describing this trade-off, the curve demonstrates the idea of possible price. Making greater than 1 precise will price society the opportunity of making greater of the other excellent.

Learn more about production posibilities curve here

brainly.com/question/26460726

#SPJ4

8 0
1 year ago
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