Answer:
$3,170.73 billion
Explanation:
Data provided in the question:
Required reserve ratio, r = 0.10
currency ratio, c = 0.30
excess reserve ratio, e = 0.01
The monetary base, MB = $1,000 billion
Formula for money multiplier, m =
on substituting the respective values, we get
m =
or
m =
or
m = 3.17073
Now,
Money supply, M = m × MB
or
M = 3.17073 × $1,000 billion
or
M = $3,170.73 billion
Answer:
- <u><em>To maximize the purchasing power of his income, Juand should accept the offert of Atlanta, GA.</em></u>
Explanation:
To answer this question you need the <em>comparative costs of living</em> in each of the trhee cities.
In a similar question, you can find the <em>cost of iiving indexes</em> for <em>Atlanta, Boston,</em> and <em>San Francisco</em>. Here is the table:
<em />
<em> Cost of living index</em>
<em>City (100 = U.S. City average)</em>
<em>Atlanta, GA 98</em>
<em>Boston, MA 160</em>
<em>San Francisco, CA 245</em>
Thus, to determine which offer <em>Juan should accept to maximize the purchasing power of his income</em>, divide each income by the cost of living index.
<u>Atlanta, GA:</u>
<u />
<u>Boston, MA</u>
<u>San Francisco, CA</u>
Rank the adjusted earnings in decreasing order:
- $510.20 > $437.50 > $407.16
Hence, in spite of the nominal earnings in Atlanta are the lowest, the higher cost of living indexes of the other cities, make that the offer from Atlanta the best one.
Answer:
it wll apply 335 dollars of overhead
Explanation:
Assembly rate: 45 dollars per machine hour
Sanding rate 15 dollars per labor hour
On assembly we will only follow the machien hours to apply the overhead rate
On sanding we will apply based on labor hours on that department, we will ignore the rest.
Job 603
Machine hours on Assembly: 4 x 45 = 170
Labor hours on Sandings: 11 labor hours x 15 = 165
applied overhead using the deparmental overhead rate: 335
The purpose of a financial aid letter is to show your aid and the costs of attendance you incur in an<u> academic year. </u>
<h3>What is a financial aid letter?</h3>
This is a letter that a tertiary institution gives to a student to show the cost of their attendance at the college they are currently enrolled in.
The period covered in the letter is the academic year which means that the costs associated with two semesters of attending the university will be shown to the student.
These costs will include things like tuition fees, room and board fees, transportation and other miscellaneous costs.
The letter will also include all the financial aids that the student may receive including federal grants, college grants, state grants, and federal loan options that a person may be eligible for.
In conclusion, financial aid letters show the costs of attendance in an academic year and the aid that comes with it.
Find out more on college financial aid at brainly.com/question/26499492
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