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Ronch [10]
2 years ago
14

ABC Bank has $210,000 of checkable deposits. If the Federal Reserve has a reserve requirement of 4 percent, what is the required

reserves
Business
1 answer:
Andru [333]2 years ago
5 0

Answer:

the required reserve is $8,400

Explanation:

The computation of the required reserve is shown below;

Required reserves is

= reserve requirement × Checkable deposits

= 4% × $210,000

= $8,400

By mutiplying the reserve requirement with the checkable deposit we can determine the required reserve

hence, the required reserve is $8,400

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Which of the following types of pronouncements are intended to establish the objectives and concepts that the FASB will use in d
mezya [45]

Answer:

The correct answer is option A) Statement of Concepts

Explanation:

The Financial Accounting and Standard Board (FASB) pronouncements intended to establish the objectives and concepts that the FASB will use in developing standards of financial accounting and reporting is Statement of Concepts.

Statement of Concepts is intended to serve the general interest of the public by setting the objectives, characteristics, specific qualities, and other parameters that guide selection of economic concepts that will be recognized and reflected in financial statements for financial reporting.

Statement of concepts guide the FASB in developing well researched and informed accounting principles that reflects the contents and inherent limitations that will be used in developing standards of financial accounting and reporting.

7 0
3 years ago
3. An airline company operates a plane between ATL and DC. This plane has 120 seats for economy class with two price tiers: low
Vitek1552 [10]

Answer: 20 seats

Explanation:

The optimal number of business travellers will be the mean of Poisson distribution i.e 20, since the number of business travellers follows Poisson distribution. Which means that the probability that there will be 20 business travellers will be higher than all other numbers.

Therefore 20 seats must be assigned to business travellers to maximize the revenue.

5 0
3 years ago
Suppose that a profit-maximizing monopoly firm undergoes a substantial technological change that reduces its marginal and averag
Svetradugi [14.3K]

Answer:

Rise

Explanation:

A monopoly is defined as a market situation where only one seller determines the supply and price of a product, because they are the only ones that produce it.

When forms make technological advancements, they are able to make processes cheaper. So there is more money saved that can be used to increase production.

In this scenario for every product manufactured there is a $40 saved. This excess cash can be put back into the production to increase the output and profit.

4 0
3 years ago
(6 points) Life rating in Greece. Greece faced a severe economic crisis since the end of 2009. Suppose a Gallup poll surveyed 1,
miv72 [106K]

Answer:

1. B. The actual proportion of Greeks who believe they are suffering.

2. This is the proportion of Greeks in the sample considered, i.e p = 0.25

3. n = 250 phat - 25% — 0.25 z score - 5%/2 —  2.5 on each end — z = 1.9 se - use formula - .0470.25 +/- 1.9 x .027+: .3675 -: .1325.

4. A. wider

5. B. narrower

Explanation:

In this question, it is essential to estimate the actual population of Greeks that believe they are extremely poor and also suffering. This will be used for proper sampling. Furthermore, in the sample considered, it was discovered that the parameter point estimate is approximately 25% and a change in the sample size or confidence level will alter the interval.

3 0
3 years ago
Randy is an accountant at XYZ Store Co. In January the store had $150,000 in sales, $35,000 in payroll, $20,000 in rent and util
xenn [34]

Net cash flow is basically the difference of the cash balance from the beginning of the period to the end of the period. For this instance, we take sales and subtract the listed expenses.

January = 150,000 - 35,000- 20,000 -20,000 = 75,000 net cash flow

February = 175,000 - 39,000 - 25,000 - 45,000 = 66,000 net cash flow

For the change you divide (February/January) -1 or (66,000/75,000)-1= -.12

The growth in cash flow was -12%

5 0
3 years ago
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