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Nataly [62]
3 years ago
13

The reserve requirement is 15 percent. Lucy deposits $600 into a bank. By how much do excess reserves change

Business
1 answer:
Hatshy [7]3 years ago
7 0

Answer:

$510

Explanation:

Calculation for By how much do excess reserves change

Using this formula

Change in excess reserve= Bank Deposits-(Reserve requirement*Deposit)

Let plug in the formula

Change in excess reserve=$600-($600*15%)

Change in excess reserve=$600-$90

Change in excess reserve=$510

Therefore By how much do excess reserves change is $510

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David opened his own bicycle shop 30 years ago, and although he enjoyed his work, he needed more free time. When Josie requested
Gnesinka [82]

Answer:

This is an example of how an apprenticeship can benefit both the business owner and the apprentice.

Explanation:

Apprenticeship is the system or process of hiring someone to train him/her to learn the trade. This method is used in companies and other jobs to train new generations about the trade and also pass on the job.

David may have had the bicycle shop for three decades but now that he desired more free time, he had to pass on the work to someone who can take care of the shop in his place. The apprenticeship of Josie enabled him to have the desired free time while his shop still runs. This is an example of how apprenticeship is beneficial for both parties.

5 0
3 years ago
Japan limits the amount of foreign-grown rice that can be sold in that country by imposing a very high import tax. This protects
dlinn [17]

Answer:

Tariff

Explanation:

A Tariff is otherwise known as an import duties, it is the taxes imposed on goods that come from other countries into a particular country.  Tariff is imposed for so many reasons one of which is to protect local industries of the country i.e enabling local industries in the country to have profitability in their business and eliminating competitions from foreign organisation.

By imposing tariff, the rate of goods imported into a country will be reduced and this will encourage local production of goods and discourage importation.  

5 0
3 years ago
Read 2 more answers
Fraud Investigators Inc. operates a fraud detection service.
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Answer:

Fraud Investigators Inc.

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31 Mar       Accounts Receivable     $ 17,000

                                  Service Revenue                  $ 17000

On March 31, 10 customers were billed for detection services totaling $17,000

31 October  Bad Debts             $1100 Dr.

                      Allowance for Doubtful Debts              $ 1100 Cr

When  Allowance for Doubtful Debts is created .      

<em>At the year end this adjusting entry would be passed . This is an adjusting entry and is not passed on 31st October. It is recorded on the year end.</em>

              <em>  Allowance for Doubtful Debts              $ 1100 Dr.</em>

<em>                   Accounts Receivable                     $ 1100 Cr</em>

<em />

<em />

Dec 15     Allowance for Doubtful Debts              $ 720 Dr

                           Bad Debts                          $ 720 Cr

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<em />

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4 0
3 years ago
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A social media ad costs $2 per person reached and 60% purchase. a traditional media ad costs $0.10 per person reached and 2% pur
Zepler [3.9K]
To know which is more effective, let's just put a fictional number of 100 purchase to test it.

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Which means option A is more effective.
8 0
4 years ago
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