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kramer
2 years ago
15

The First National Bank has total deposits of $675,000 and excess reserves of $22,300. If the required reserve ratio is 9 percen

t, the First National Bank has total reserves of:
Business
1 answer:
Nookie1986 [14]2 years ago
3 0

Answer: $83050

Explanation:

Based on the information given in the question, the total reserves of First National Bank will be given as follows:

Total deposit = $675000

The Required reserve ratio will be:

= 675000 × 9%

= 675000 × 9/100

= $60750

Since the bank has excess reserves of $22,300, then the total reserve will be:

= $60750 + $22300

= $83050

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A project with a zero net present value indicates that it is acceptable. unacceptable. going to have an acceptable cash payback
horsena [70]

Answer:

acceptable.

Explanation:

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6 0
3 years ago
An online retailer uses complex data-mining software to evaluate the preferences and buying habits of its customers and makes de
boyakko [2]

Answer:

TRUE - Analytics

Explanation:

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The online retailer used analytics in order to understand the consumers behaviors and then to be able to make decisions from result gotten rather than the use of "gut" feeling or intuition which isn't backed by data or facts.

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3 years ago
40. The Battaglia Co. produces lounge chairs. At a budgeted amount of 10,000 lounge chairs the manufacturing overhead is $50,000
bija089 [108]

Answer:

C. $4,500 favorable

Explanation:

Spending Variance is the difference between the actual and estimated value of the expense. In this question we need to calculate the variance of total manufacturing overhead.

Variable

Actual Variable cost = $60,500

Manufacturing overhead application rate = Budgeted overhead / Budgeted units = $50,000 / 10,000 units = $5 per unit

Applied Overhead = Actual production x application rate = 11,000 units x $5 = $55,000

Variance = $60,500 - $55,000 = $5,500 unfavorable

Fixed

Actual fixed overhead = $125,000

Budgeted Fixed overhead = $135,000

Variance = $135,000 - $125,000 = $10,000 Favorable

Total Variance = Variance of variable manufacturing overhead cost + Variance of fixed manufacturing overhead cost

Total Variance = $10,000 Favorable - $5,500 unfavorable

Total Variance = $4,500 Favorable

4 0
3 years ago
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