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Oduvanchick [21]
2 years ago
7

Assume banks are required to hold reserves equal to 20 percent of deposits. Instructions: Enter your responses as a whole number

. a. How much excess reserves does the bank hold
Business
1 answer:
stellarik [79]2 years ago
4 0

Answer: $100

Explanation:

If the reserve requirement is 20% then the required reserves being held by the company is:

= Total deposits * reserve requirement

= 8,000 * 20%

= $1,600

The reserves held by the company of $1,700 comprise of both the required reserves and the excess reserves. The excess reserves will therefore be calculated as:

Excess reserves = Reserves - Required reserves

= 1,700 - 1,600

= $100

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Using the principles and strategies of saving and investing, create a saving and investing plan. Remember, a saving and investin
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Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 65,00
balandron [24]

Answer:

1. The total incremental cost of making 65,000 units of RX5

Total Direct Material + Total direct Labour + Variable Overhead cost

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Hence, The total incremental cost of making = $325,000 + $585,000 + $130,000 = $1,040,000

2. The total incremental cost of buying 65,000 units of RX5 =

The cost to buy the units = 65,000 units * $18 = $1,170,000

3. The company should be making the RX5 because the total cost of making the 65,000 unit of RX5 is lesser than cost of buying the 65,000 units of RX5

4 0
3 years ago
A and B have a written contract whereby A agrees to sell B a plot of land for $100,000. Later, without terminating the first con
AnnZ [28]

Answer:

B) Is not a contract because there is no consideration for B's promise.

Explanation:

In contract law, consideration is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.

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Which term refers to an affiliate relationship between an accounting/auditing firm and its sponsoring organization in China? a.
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Hooking up is the term refers the affiliate relationship between an accounting/auditing firm and its sponsoring organization.

Auditing Firm is a company which reviews the activities of an organization to identify their inefficiencies and achieve the organizational objectives. Auditing firms can help in investigating the potential theft or fraud and ensure compliance with applicable terms and policies. The reports of the organization can be maintained accurately.

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