Answer:
1. Assets is debited for $10,000 as loans.
2. Liabilities is credited for $10,000 as deposits.
Explanation:
Note: This question is not complete as the amount is omitted. The complete question is therefore presented before answering the question as follows:
Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then makes an open market purchase of $10000 from Bank 1.
Use the T-account below to show the result of this transaction for Bank 1, assuming Bank 1 keeps no excess reserves after the transaction.
The explanation of the answer is now given as follows:
Note: See the attached photo for Bank 1's T-Account.
In the attached photo, we can see that:
1. Assets is debited for $10,000 as loans.
2. Liabilities is credited for $10,000 as deposits.
Answer:
a. $30,000.
Explanation:
Willingness to pay is the highest amount a consumer would be willing to pay for a good or service. In this example, the willingness to pay is $50.
Consumer surplus is the difference between price of a product and the willingness to pay.
To calculate the total consumer surplus , refer to the attached image, the consumer surplus is the shaded triangle.
The total consumer surplus = 1/2 base × (height)
The height is the difference between the willingness to pay and the price of the wine = $50 -$30 =$20
The base is the total quantity purchases at $30 =
1/2 × 3 × ($20) = $30
There are 10,000 consumers, therefore consumer surplus =$30,000
I hope my answer helps you.
Answer:
They would cause relatively smaller reductions in death from heart disease.
Explanation:
Since in the question it is mentioned that the government incurred $45 million for research on the heart disease and gain that decreased the death occured from the heart disease. Now if the law of diminishing retuns hold, so the extra rise in expenditure on heart disease result in relatively small decline as it decreases the returns
Therefore the same is to be considered
Answer:
Instrctions are listed below.
Explanation:
Giving the following information:
Beginning inventory 10 units at $55
First purchase 25 units at $60
Second purchase 30 units at $65
Third purchase 15 units at $70
60 units of the item were sold.
A) FIFO
Inventory= 15*70 + 5*65= $1,375
B) LIFO
Inventory= 10*55 + 10*60= $1,150
C) Weighted average:
Average cost= (55 + 60 + 65 + 70)/4= 62.5
Inventory= 62.5*20= $1,250
Answer:
The correct word for the blank space is: direct.
Explanation:
Foreign Direct Investment is a type of cross-border investment to create a lasting interest that a resident company based in one country could have in a company operating in another. Lasting interest implies a substantial degree of interest in the company's management as well as establishing a long-term relationship between the direct investor and the direct investment business.
