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Solnce55 [7]
3 years ago
13

On January 10, 2017, a man in Lebanon, Virginia, frustrated with the DMV bureaucracy, paid his DMV bill with 300,000 pennies tha

t he carted into the DMV office in five wheelbarrows. The DMV had to count all these pennies and deposit them into the DMV bank account. After the DMV deposit and assuming a reserve requirement of 7 percent, calculate the initial change in
Business
1 answer:
4vir4ik [10]3 years ago
3 0

Answer:

the requirements are missing, so I looked for them:

  • a. Money supply.
  • b. Deposits.
  • c. Total reserves.
  • d. Excess reserves.

a. $0

the coins are part of M1 money supply already, so it will not change it.

b. $3,000.

the DMV should deposit the pennies in their account account, therefore, total bank deposits will increase by 300,000¢ /100 = $3,000

c. $3,000

since bank deposits increase by $3,000, total reserves also increase by $3,000

d. $2,790

excess reserves = total reserves - required reserve ratio = $3,000 - ($3,000 x 7%) = $2,790

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<span>She has fixed costs of $250. Her variable costs are $1,000 for the first thousand posters, Her variable costs are $800 for the second thousand Her variable costs are $750 for each additional thousand posters. To calculate Average fixed cost that is AFC per poster we need two factors: Total fixed cost = 250 and Number of poster = 1000 So now AFC will be (250/1000) that is 0.25.</span>
6 0
3 years ago
Stratford Company purchased a machine with an estimated useful life of seven years. The machine will generate cash inflows of $9
Amiraneli [1.4K]

Answer:

The price o the machine is = $268,157.69

Explanation:

<em>The Net present value is the difference between the present value (PV) cash inflows and the initial cost of the investment.</em>

<em>PV of cash inflow =</em>

90,000× (1- (1.1)^(-7) )/0.1

=  438,157.69

NPV = PV of cash inflow - cost of the machine

<em>Let represent cost of the machine as " y "</em>

170,000 =  438,157.69  - y

y = 438,157.69- 170,000

y =  268,157.69

The price o the machine is = $268,157.69

4 0
3 years ago
Jackie has been offered positions by two cable companies. the first company pays a salary of $14,000 plus a commission of $100 f
masha68 [24]

The correct answer is 80 cable packages.

The following equation will solve this problem, where x equals the number of cable packages.

14,000 + 100x = 20,000 + 25x

First, subtract 25x from both sides:

14,000 + 75x = 20,000

Next, subtract 14,000 from both sides;

75x = 6,000

Finally, divide both sides by 75.

X = 80

Therefore, the answer is 80 cable packages.

3 0
3 years ago
Read 2 more answers
How do you think the four management functions of planning, organizing, leading , and controlling fit in with the ideas Sinek ex
nekit [7.7K]

Answer:

This posting should be a minimum of one short paragraph and a maximum of two paragraphs. Word totals for this post should be in the 100–200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate.

3 0
3 years ago
Janelle earned a salary of $62,000 in 2004 and $80,000 in 2014. The consumer price index was 126 in 2004 and 170 in 2014. Janell
Firlakuza [10]

Answer:

d. $83,651.

Explanation:

In this question, we use the proportionate method which is shown below:

Salary in 2014 in dollars equals to

= Salary in 2004 × (Consumer price index in 2014 ÷ Consumer price index in 2004)

= $62,000 × (170 ÷ 126)

= $83,651

Simply we use divide the consumer price index in 2014 by  consumer price index in 2004 and then multiply it with the earned salary in 2004

3 0
3 years ago
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