1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
masya89 [10]
3 years ago
9

The manager of the bank where you work tells you that your bank has $6 million in excess reserves. She also tells you that the b

ank has $400 million in deposits and $362 million in loans. Given this information you find that the reserve requirement must be
Business
1 answer:
sukhopar [10]3 years ago
3 0

Answer and Explanation:

The computation of the reserve requirement is given below;

Required reserves is

= Deposits - loans - excess reserves

= $400 - $362 - $6

= 32 million

And,  

Required reserve ratio is

= Required reserves ÷ Deposits

= 32 ÷ 400

= 8%

In this way, it should be determined so that the correct value & percentage could come

You might be interested in
The purpose or objectives of competition policy
denis23 [38]

Answer:

to encourage creativity

3 0
3 years ago
Lucy Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the fo
wlad13 [49]

Answer:

Unitary cost of goods sold= $5.95

Explanation:

Giving the following information:

direct materials= $13,200

direct labor= $4,900

Job ICU2 required 800 machine hours.

Factory overhead was applied to the job at a rate of $25 per machine hour.

The cost of goods sold is calculated using the direct material, direct labor, and applied factory overhead.

First, we need to calculate the allocated overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 25*800= 20,000

Now, we need to calculate the cost of goods sold per unit:

Total cost= 13,200 + 4,900+ 20,000= 38,100

Unitary cost= 38,100/6,400= $5.95

Unitary cost of goods sold= $5.95

4 0
3 years ago
Stephen is restoring a car and has already spent $4,000 on the restoration. he expects to be able to sell the car for $5800. ste
Novay_Z [31]
He should just seek the car for 3,800 if he was to continue with the restoration he would lose and extra 600 bucks. hes already lost 200 investing in the car already. so either way hes not making any sort of profit. hes just waiting his time.
3 0
3 years ago
Read 2 more answers
Advertisements masquerade as media content by:
matrenka [14]

Answer:A

Explanation:

Persuading is a way to to gain attraction

3 0
2 years ago
Via Gelato is a popular neighborhood gelato shop. The company has provided the following cost formulas and actual results for th
vlabodo [156]

Answer:

Via Gelato

Revenue and Spending Variances  For the Month Ended June 30 :

                                        Budget         Actual          Variances

Units sold                         6,200          6,400           200 Favorable

Revenue                          $179,200     $171,540       $7,660 Unfavorable

Expenses :

Raw materials                 $40,000      $40,530        $530 Unfavorable

Wages                             $26,400       $26,300       $100 Favorable

Utilities                            $14,750        $15,000        $250 Unfavorable

Rent                                 $4,200         $4,200           $0 Neither

Insurance                        $2,950         $2,950           $0 Neither

Miscellaneous                $13,290       $12,890          $400 Favorable

Total expense                $101,590      $101,870         $280 Unfavorable

Net operating income  $77,610       $69,670         $7,940 Unfavorable

Explanation:

a) Revenue budget = $28 x 6,400 = $179,200

b) Wages budget = $7,200 + $3.00 x 6,400 = $26,400

c) Utilities budget = $3,230 + $1.80 x 6,400 = $14,750

d) Miscellaneous = $810 + $1.95 x 6,400 = $13,290

These flexible budgets were calculated for Via Gelato since it measures its activity in terms of the total number of liters of gelato sold.  To obtain variances, items are compared on like terms.

3 0
3 years ago
Other questions:
  • What is the consistent finding regarding age identity of 60- to 75-year-olds?
    11·1 answer
  • A country's economic data indicates that there has been a substantial reduction in the financial capital available to private se
    8·1 answer
  • Which of the following best describes the availability​ float? A. how long it takes the firm to process the check and deposit it
    7·1 answer
  • LMN Company produces a product that sells for $1. The company has production costs of $600,000, half of which are fixed costs. A
    9·1 answer
  • A cable TV company redesigned jobs so that one employee interacts directly with customers, connects and disconnects their cable
    7·1 answer
  • Sushi corp. purchased and installed electronic payment equipment at its drive-in restaurants in san marcos, tx, at a cost of $51
    15·1 answer
  • A ________ limits the quantity of imported merchandise, thus minimizing competition faced by domestic products.
    14·1 answer
  • Suusssssysysysyysysysys boi amugus​
    5·1 answer
  • What courses does ojt have like eg welding, it have any more​
    10·1 answer
  • A farmer sells wheat at a price of $5 per bushel. If the farmer sells 100 bushels, his total revenue is ________ and his average
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!