How many points do you want to have?//?.

Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $54,000. Budgeted cash receipts to

Temka [501]

Um I not in college

4 0

3 years ago

The intracoastal bank has $5 million in deposits and $500,000 in reserves. if the required reserve ratio is 5%, excess reserves

gtnhenbr [62]

We write down the equation that would allow us to solve for the required reserves.
required reserve = (deposit)(required reserve ratio)

From the items above, we are given that,
deposit = $5 million
required reserve ratio = 5% = 0.05

Substituting,
required reserve = (0.05)($5 million)
required reserve = $250,000

The total amount that the bank for the reserves is $5.5 million.
The excess reserve is equal to,
excess reserve = ($5.5 M) - ($250,000)
excess reserve = $5.25 M

<em>ANSWER: $5.25M</em>

6 0

4 years ago

On January 1, 2021, the Marjlee Company began construction of an office building to be used as its corporate headquarters. The b

zhannawk [14.2K]

Answer:

$105,000

Explanation:

The computation of interest capitalized in 2021 is shown below:-

Average cost of borrowing

= ($2,000,000 × 0.09 + $4,000,000 × 0.06) ÷ $6,000,000

= ($180,000 + $240,000) ÷ $6,000,000

= 7%

Average expenditure during year = $6,000,000 ÷ 2

= $3,000,000

Capitalized interest first eats up the specific construction loan

= 10% × $1,500,000

= $150,000

Therefore the next $1,500,000 is at the average borrowing rate = Construction loan × Average cost of borrowing

= $1,500,000 × 7%

= $105,000

5 0

4 years ago

1. describe a buying situation in which you were successfully cross-sold and a situation in which you were ""traded up.""

geniusboy [140]

To Cross-sold means a sales tactic used to get a customer to spend more by purchasing a product that's related to what had been bought already. Read below about trade up.

<h3>What does it mean to be traded up?</h3>

To be traded up means to have added a higher-priced, higher-quality version of a product to the range, generally to increase sales of the lower-priced model through consumer association of its image with the more prestigious model.

Therefore, the correct answer is as given above.

learn more about trading up: brainly.com/question/13760478

#SPJ11

3 0

2 years ago

RedInk, a company that manufactures office furniture, is based in Bodonia. It is looking to sell its current products in other c

Fynjy0 [20]

Answer: Market development

Explanation: In simple words, it refers to a strategy under which an organisation tries to identify and develop a new customer base for their current products.

In the given case, Red ink is trying to advantage of the similar culture in Soleria so that they can sell their existing product in a new market.

Hence from the above we can conclude that this is an example of market development.

5 0

3 years ago