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Hunter-Best [27]
3 years ago
7

if the required reserve ratio is 10 percent the banking system currently has excess reserves equal to

Business
1 answer:
prisoha [69]3 years ago
5 0

Answer:

Experts are tested by Chegg as specialists in their subject area. We review their content and use your feedback to keep the quality high. Transcribed image text: If the required reserve ratio is 10 percent, the banking system currently has excess reserves equal to: $10 billion.

Explanation:

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Ralph gives his daughter, angela, stock (basis of $8,000; fair market value of $6,000). no gift tax results. if angela subsequen
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Answer:

D) $2,000

Explanation:

Angela's basis on the stocks will be the same as her father's. Since she sold the stocks, her basis will be $8,000, so her recognized gains will = selling price - basis = $10,000 - $8,000 = $2,000

The IRS allows the donee (Angela) to use the doners (Ralph) basis when selling an asset received as a gift in order to determine the realized gain/loss.

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Demographic Environment

Explanation:

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3 years ago
Photo Framing's cost formula for its supplies cost is $1,090 per month plus $19 per frame. For the month of November, the compan
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Answer:

Spending Variance    $389   Unfavorable

Explanation:

<em>The spending variance is the difference between the standard cost allowed for the actual level of activity and the actual cost incurred.</em>

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Standard allowance ($19× 609) + 1090         12,661    

Actual cost                                                        1<u>3,050</u>

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It involved the product line that are offered by the company

Therefore according to the given situation, last one is correct answer

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