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Papessa [141]
3 years ago
14

Suppose Ginger deposits $12,000 in cash into her checking account at the Bank of Skidoo. The Bank of Skidoo has no excess reserv

es and is subject to a 4 percent required reserve ratio.
Business
1 answer:
Alborosie3 years ago
5 0

Answer:

The question is incomplete since the requirements are missing, but I guess that it deals with the bank's ability to create money.

When you deposit money into a bank account, the bank will then lend most of that money to other clients. This is possible due to the money multiplier = 1 / required reserve rate = 1 / 4% = 25

the total increase in money supply = $12,000 x 25 = $300,000

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In order to purchase a new freezer in 4 years, the Steakhouse Restaurant has decided to deposit $1,700 in an account that earns
trapecia [35]

Answer:

$ 1844

Explanation:

A = P (1 + r / n) ^ nt ; where

A = Final Amount , P = Principal base, r = Interest rate , t = no. of time periods (usually years) , n = compounding in a time period (annually)

Given : P = 1700 , r = 2% , t = 4 , n =  12

A = 1700 [ 1 + 0.02 / 12 ] ^ (12 x 4)

1700 [ 1 + 0.0017 ] ^ (12 x 4)    

1700 [ 1.0017 ] ^ 48  

1700 [1.0849]

= 1844

6 0
3 years ago
Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the companyâs products, a football helmet for the N
elena-14-01-66 [18.8K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

According to the standard cost card, each helmet should require 0.55 kilograms of plastic, for $7.00 per kilogram.

First, we need to calculate the standard quantity of plastic to make 3,600 units.

Standard quantity= standard direct material required per unit* numbers of units

Standard quantity= 0.55*3,600= 1,980 kg

Now, we can determine the standard cost:

Standard cost= 1,980kg* $7= $13,860

7 0
3 years ago
b. Choose three of the following aspects from the scenario, and provide a detailed discussion of their effect on the design thin
liubo4ka [24]

This process which involves design thinking is important because it helps someone to effectively empathize and also to solve problems.

<h3>What is Design Thinking Process?</h3>

This refers to the different processes of trying to logically and empathetically understand problems and people and give solutions.

With this in mind, we can see that this design thinking has five stages which includes:

  • Empathize,
  • Define,
  • Ideate,
  • Prototype
  • Test

Please note that your question is incomplete so I gave you a general overview so that you can get a better understanding of the concept.

Read more about design thinking process here:
brainly.com/question/24596247

3 0
2 years ago
In 2020, Wildhorse Corporation reported net income of $1,021,600. It declared and paid preferred stock dividends of $265,100. Du
ikadub [295]

Answer:

Wildhorse’s 2020 earnings per share is $3.79

Explanation:

The computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Average weighted of common outstanding shares)

where,  

Net income and the preference dividend is $1,021,600 and $265,100

And, the number of shares are 199,600 shares

Now put these values to the above formula  

So, the value would equal to

= ( $1,021,600 - $265,100) ÷ (199,600 shares)

= $3.79 per share

8 0
3 years ago
Anita is the owner of Animatron Inc. She asks her employee, Bert, for sexual favors or else she will remove him as a manager. Wh
kkurt [141]

Answer:Quid pro quo case

Explanation:

Qui pro quo is a Latin word which simply means "something for something", that is an exchange of wants of great values.

Anita asked for sexual favour from her employee, Bert, in exchange for him to retain his position as the manager but his refusal caused him to lose his position as the manager to a common secretary.

Quid pro quo indicates that an something has been traded in return for something of value. Quid pro quo exist in a business organization when the business owner propose to promote an employee if he/she could fulfill their desires. In the case of Anita and Bert, the desire could be seen as 'sexual desires' in other words, sexual harassment by Anita to her employee.

5 0
3 years ago
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