Answer: $30000
Explanation:
Based on the information given in the question, the required reserve will be:
= $60000 × 25%
= $15000
Since the bank's required and excess reserves are equal, then the excess reserve will be $15000.
Therefore, the actual reserves will be:
= Required reserve + Actual reserve
= $15000 + $15000
= $30000
Answer:
The approximate value of the house is 192984
Explanation:
I don't know what you mean by "<em>Use Exhibit 1-A</em>" but you can calculate this as follows
180000 * (1+1%)^7
The general formula of cumulative interest is
A * (1+i)^n
A = Amount
i = interest, in this case 1%
n = number of periods, in this case, 7
<span>Cassandra will experience increased cost in proportion to the reduction of supply experienced by the farmers . Cassandra will decrease her expenditures or find alternate suppliers of oranges.</span>
Answer:
The equivalent units produced is 7320
Explanation:
To get the units produced in this period we ignore the beginning inventory, we just add new transferred out +ending inventory
- 7,000 units were transferred out
- Al the end , we have 800 at 40%= 320
Adding the 3 items
UP=7000+320=7320
