Answer:
can be thought of as a bank withholding a portion of its total deposits that are not loaned out.
Explanation:
Fractional reserve banking is when banks accepts deposits from customers and lend out only a fraction of the deposits. The remaining are kept as reserves.
The central bank requires bank to keep certain amount of money as reserves in order to meet unforeseen circumstances
Answer: Stock market works by doing an activity of buy/sell. It is a profit process. For example, you bought something cheap and sell it expensive that is profit.
Explanation:
Answer:
The income elasticity of demand for Good G is 1.17
Explanation:
Income elasticity of demand = % change in quantity demanded ÷ % change in income
% change in quantity demanded = (1200-800)/1200 × 100 = 400/1200 × 100 = 33.33%
% change in income = (3600-2800)/2800 × 100 = 800/2800 × 100 = 28.57%
Income elasticity of demand for Good G = 33.33% ÷ 28.57% = 1.17
Answer:
Manufacturing cost per unit is important to monitor. These, in many ways, represent the efficiency of the production process. If labor, material, or overhead costs appear too high then action must be taken. You must change and balance all of these costs to maximize shareholder value.
Answer:
4 years
Yes
Explanation:
Payback period calculates the amount of time it takes to recover the amount invested in a project to be recovered from the cumulative cash flow.
Cash inflow for the period = Net income + Net cash deductions (depreciation expenses)
$60,800 + $19,200 = $80,000
Payback period = amount invested / cash inflow
$320,000 / $80,000 = 4 years
If the payback period is five years or less, the project would be accepted because the amount invested would be recovered in 4 years. Therefore, the company would purchase the new games.
I hope my answer helps you
