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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

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when comparing companies in different industries a higher profit margin always indicates which company has better management
mixas84 [53]

Answer: B. When comparing companies in different industries, a higher profit margin always indicates which company has better management performance

Explanation:

The profit margin refers to how much profit the company is making given the amount of sales it makes. It is therefore very dependant on the expenses incurred by the company.

This is why comparing management in different industries by using the Profit margin is like comparing apples and oranges. Industries are different and so are their methods of operation. One industry might require more expenses than another and still only make less sales which would impact it's profit margin negatively.

Profit Margin is best used for companies in the same industry.

4 0
3 years ago
Current information for the Healey Company follows:
Pie

Answer:

$60,000

Explanation:

The computation of the direct material used is shown below:

= Beginning raw material inventory + purchase of raw material - ending raw material inventory

= $16,600 + $61,400 - $18,000

= $60,000

This is the right answer but the same is not provided in the given options

4 0
3 years ago
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Answer:

Answer is option A, i.e. shareholder.

Explanation:

According to Petronio in Communication privacy management theory, when the original owner of any private information allows other persons or recipients of that private information to make decisions regarding the same, and take control of it, then the recipient of that private information is regarded as Co-owner or shareholder.

6 0
3 years ago
Assume the following information for Splish Brothers Corp.
WARRIOR [948]
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One of the three basic questions: concerned with the distribution of goods and services
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