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Pavel [41]
3 years ago
11

A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that t

he reserve requirement is a. 2.5 percent. b. 33.3 percent. c. 25 percent. d. 75 percent.
Business
1 answer:
Wittaler [7]3 years ago
7 0

Answer:

c. 25 percent.

Explanation:

The computation of the reserve requirement percentage is shown below:

Given that

Deposits made = $8,000

Loans = $6,000

So the required reserve is

= deposits made - loans

= $8,000 - $6,000

= $2,000

Now the required reserve is

= $2,000 ÷ $8,000

= 25%

Hence, the correct option is c. 25 percent

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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A typical project office (not to be confused with a project management office) responsible for the management of a large project
beks73 [17]

Answer: (A) Assistant project managers

Explanation:

 The main role of the assistant project manager is that it basically assisting the project managers by coordinating, analyzing and planning the specific project.

 The main responsibility of the assistant project  managers is to supporting the given function of the project and execute the given project.

According to the given question, a typical project office is basically responsible for managing the large projects which include both the project manger and the assistant project managers.  

 Therefore, Option (A) is correct answer.    

3 0
3 years ago
With a cost-oriented pricing strategy, a price setter stresses the ____ side of the pricing problem and the price is set by look
NeX [460]
The answer to the first unknown is the "COST SIDE" while the answer to the second unknown in the problem is "PRODUCTION AND MARKETING COST". Hence, with a cost-oriented pricing strategy used and implemented by many companies, a price setter stresses the COST SIDE of the pricing problem and the price is set by looking at the PRODUCTION and MARKETING COST.
6 0
3 years ago
White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin
Blababa [14]

Answer and Explanation:

The computation of the predetermined overhead rate is shown below:

For Cutting department

= Variable manufacturing overhead per machine hour + (Total fixed manufacturing overhead ÷ machine hours)

= $2 + ($264,000 ÷ 48,000)

= $2 + $5.50

= $7.50

For finishing department

= Variable manufacturing overhead per direct labour + (Total fixed manufacturing overhead ÷ direct labor hours)

= $4 + ($366,000 ÷ 30,000)

= $4 + $12.20

= $16.20

4 0
3 years ago
Swifty Inc. manufactures two products: car wheels and truck wheels. To determine the amount of overhead to assign to each produc
Katen [24]

Answer:

$10.60 per direct labor hour

Explanation:

Calculation for the overhead rate

First step is to calculate the Direct labor hours for car wheels using this formula

Direct labor hours for car wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for car wheels= 40,000 * 1

Direct labor hours for car wheels= 40,000 hours

Second step is to calculate Direct labor hours for Truck wheels using this formula

Direct labor hours for Truck wheels = Estimated wheel produced * Direct labor hour per wheel

Let plug in the formula

Direct labor hours for Truck wheels= 10,000 * 3

Direct labor hours for Truck wheels= 30,000 hours

Third step is to calculate the Total direct labor hours

Total direct labor hours = 40,000 + 30,000

Total direct labor hours=70,000 hours

Now let calculate the Overhead rate using this formula

Overhead rate = Total estimated overhead costs / Total direct labor hours

Overhead rate= $742,000 / 70,000 hours

Overhead rate= $10.60 per direct labor hour

Therefore Overhead rate is $10.60 per direct labor hour

8 0
3 years ago
Compare the yield to maturity and the current yield. How do you explain this​ relationship?  ​(Select the best​ response.)A.If a
mamaluj [8]

Answer:

A - If a bond sells at a​ discount, the yield to maturity is greater than the current yield

Explanation:

Yield to maturity is the expected return if the bond is held till maturity. Current yiled is the return if the bond is sold today. There is an evident relationship between yield to maturity (TYM) and the current yield.  

“When a bond's market price is above par, which is known as a premium bond, its current yield and YTM are lower than its coupon rate. Conversely, when a bond sells for less than par, which is known as a discount bond, its current yield and YTM are higher than the coupon rate. Only on occasions when a bond sells for its exact par value are all three rates identical” (Bloomenthal, 2020).

According to the above statements, options C, B and D are eliminated. This leaves option A (If a bond sells at a discount, the yield to maturity is greater than the current yield) as the correct answer. This is true because YTM is calculated on purchase price rather than par value, if the purchase price is less than par value, the YTM will be greater than the current yield.  

7 0
3 years ago
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