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DerKrebs [107]
3 years ago
5

Suppose a commercial bank has checkable deposits of $60,000 and the legal reserve ratio is 25 percent. If the bank's required an

d excess reserves are equal, then its actual reserves
Business
1 answer:
MAXImum [283]3 years ago
6 0

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

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Under conditions of imperfect competition, the mrp for the twelfth worker is calculated by
solong [7]

Answer: MRP or the Marginal Revenue Product is the addition to total revenue when one more unit of a product is produced and sold in the market. It can be calculated using the given formula,

MRPn = TRn - TRn-1

Therefore, MRP for the twelfth worker will be,

MRP_{12} = TR_{12}  - TR_{11}

which is total revenue at 12th worker minus total revenue for the 11th worker.

4 0
3 years ago
You recently sold 100 shares of Microsoft stock to your brother at a family reunion. At the reunion your brother gave you a chec
Hoochie [10]

Answer:

Option E                  

Explanation:

A direct transfer refers to the shift of funds from certain form or section of a tax deferred retirement savings plan to another. Direct payments are not deemed to be statutory dividends, and are therefore not taxed as profits or susceptible to premature payment charges. Now normally this form of transition happens digitally.

In simple terms, cash loans exist when a company sells its shares in return for money specifically to the savers. There is no financial institution involved in this procedure. Small firms typically use direct transfers, so very less money is generated during this phase.

6 0
4 years ago
Supply is the consumer’s want or need for a product or service True True False
Mazyrski [523]

Answer:

true

Explanation:

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6 0
3 years ago
Pool Perfection provided pool maintenance services worth $1,600 during July; in June, the customers had paid in advance for thes
arlik [135]

Answer:

$1,600

Explanation:

It is important to note that the company uses accrual basis accounting. The Service Revenue account should be credited for $1,600

7 0
3 years ago
Comparability and consistency are two terms used to describe information about different companies and information about differe
Aneli [31]

Answer:

Comparability : Inter company comparison , Consistency : Company time series comparison.

Explanation:

Consistency is quality of accounting information, enabling the same  company's financial performance comparison over different periods of time. Consistency needs stable accounting methods used for a considerable period of time, unless their changing is necessary.

Eg : Using whichever method straight line or written down value - to calculate depreciation, should not be changed unless necessary.

Comparability is the quality of accounting information, enabling the company's financial performance comparison with other companies. It needs accounting methods following generally accepted accounting principles.

Eg: Accrual basis of accounting is generally standardised, acceptable and using other i.e cash basis won't enable company's comparison with others.

Consistency and comparability are very crucial to analyse company's financial performance - growth with time, growth as per industry standards respectively.

3 0
4 years ago
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