Answer:
Consulting service was completed by team of auditors led by Katelyn light.
Answer:
$13.5 million
Explanation:
Fractional Banking System- This is banking system where banks are required by the central banking authority to keep a certain percentage of their total deposit as the minimum reserve which they cannot lend out.
The idea behind this requirement is to help manage liquidity risk- a situation where a bank does not have enough cash to meet its deposit customers demand.
Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.
Therefore the required reserve for this bank = 10% ×$15 million= $1.5 million
Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.
It is calculated as = Total deposit - Required reserve
So we apply this to our question
Excess reserve = $15 million - (10% × $15 million)
= $15 million - $1.5 million
= $13.5 million
Answer:
Total revenue will increase in all the situations.
Explanation:
A) PED = 1.2, the price of the good decreases, then the quantity demanded will increase in a larger proportion. For example, the price = $1 and the quantity demanded = 100 units, total revenue is $100. The price decreases 10% to $0.90, then the quantity demanded will increase 12% to 112 units, total revenue is $100.80
B) PED = 0.5, the price of the good increases, then the quantity demanded will decrease in a smaller proportion. For example, the price = $1 and the quantity demanded = 100 units, total revenue is $100. The price increases 10% to $1.10, then the quantity demanded will decrease 5% to 95 units, total revenue is $104.50
C) PED = 3, the price of the good decreases, then the quantity demanded will increase in a larger proportion. For example, the price = $1 and the quantity demanded = 100 units, total revenue is $100. The price decreases 10% to $0.90, then the quantity demanded will increase 30% to 130 units, total revenue is $117
Answer:
sale price is $0.78
Explanation:
Given data
assets = $10,000,000
rate = 7% = 0.07
Sales volume = 350,000 units per year
Variable costs = $16 per unit
Fixed costs = $1,500,000 per year
to find out
sales price per unit
solution
we find required return that i s
return = asset × rate
return = 10,000,000 × 0.07
return = $700000
so here total cost = Sales volume × Variable costs + fixed cost
put here all these value
total cost = 350000 × 16 + 1,500,000
total cost = $7100000
so now for sale price
sale price = total cost + required return / sale
put all these value
sale price = ( 7100000 + 700000 ) / 10,000,000
sale price is $0.78
Answer:
$460,900
Explanation:
The computation of the cost of jobs transferred to Finished Goods Inventory is shown below:
= beginning wip + Direct material + direct labor + manufacturing overhead - closing wip
= $17,900 + ($219,000 - $37,200) + ($164,400 - $47,200) + 150% of $117,200 - $31,800
= $17,900 + $181,800 + $117,200 + $175,800 - $31,800
= $460,900