Answer:
Money Bank can lend up to $4,167 million.
Explanation:
a) Data and Calculations:
Total deposits = $500 million
Reserve ratio = 12%
Money created by Money Bank = $500/12% = $4,166,666,667
b) The total amount of money which Money Bank can create and lend is dependent on its customers' deposits and the reserve ratio. This amount can be calculated by dividing the total deposits by the reserve ratio. This implies that the less the reserve ratio, the more money Money Bank can create and lend out to customers.
Answer:
Search
Explanation:
A search good is a good in which it's costs can be easily determined before purchasing. It can also be described as a product that can be easily evaluated just by viewing it to determine its quality.
Clothing items fall under the category of search goods because it is easy to identify the value just by looking at its colour, style,size and shape.
Average Cost
Cost of average cost = cost of goods available for sale/ No. of units available for sale
114060/(400+300+460)
= $3.5
Cost of goods sold average cost =no. of units sold * average cost
= 860*3.5
= $3010
Ending inventory average cost =no. of units in ending inventory* average
(1160-860)*3.5
= $1050
FIFO
Cost of goods sold as per FIFO =no. of units sold * cost as per FIFO
(400*3)+(300*3.4)+(160*4)
= $2860.
The average cost is the unit cost of production obtained by dividing total cost (TC) by total production (Q). The unit cost of production means that all fixed and variable costs are considered when calculating the average cost. Hence, it is also called the total cost per unit.
Learn more about average Costs here brainly.com/question/27819027
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Answer:
i hope this is what you are looking for
Social Security number.
Income.
Date of birth.
Security questions.
Contact information.
A promise to tell the truth.
Agreement to terms and conditions.
Authorized users.
Because when you are asking somebody, you need to be informed about the object and most objects involve science.
hope this helped :)
