1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kramer
3 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]3 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

You might be interested in
At a chicago bulls game 20,000 tickets were sold at $30 apiece. the game was sold out and some people did not get tickets. this
iVinArrow [24]
Could have been raised, if the price went up, demand would go down, but since there was more demand than supply to start, this would be okay.
7 0
4 years ago
Why is mobile banking considered riskier than online banking?
anyanavicka [17]
Mobile banking describes financial transactions done remotely using a mobile device such as a smartphone or tablet.<span>
Mobile banking is considered riskier than online banking because of the following facts:
</span><span>Mobile devices are more likely to have malware loaded on them. (</span>Malware specifically targeting mobile devices has become a very real and prominent threat).
<span>Mobile devices are more likely to be lost or stolen.</span>
7 0
3 years ago
Read 2 more answers
Joey wants his entry-level employees to feel that they can act independently and make decisions to help in the firm's growth. Ho
katovenus [111]

Answer:

The correct answer is the option A: He should provide ample work-related information to all his employees.

Explanation:

To begin with, it is highly recommended that inside a company a manager should delegate and try to encourage their employees to take independent decisions regarding certain topics when making the decisions, however it is quite understood that some decisions can not be taken by those employees due to the fact that they do not know all the information necessary to make certain decisions or also to the fact that they might not understand the dynamics of the business.

To continue, even though some topics can not be decided by the employees, if the manager wants to encourage the employees to engage in activities in an independet way then the most common option is to provide them with ample work-related information so in that way they will understand a bit more of the dynamics of the business and therefore they will be a bit more accurate when making decisions.

6 0
3 years ago
Una empresa con fecha 01/05 tiene unas existencias iniciales de 100 unidas de productos a un precio de 5€/ud. Realiza una compra
laila [671]

Answer:

FIFO 480 euros

LIFO 400 euros

PMP 460 euros

Explanation:

Unidades disponibles:

100 existencia inicial

300 compra

FIFO

Primero se venden las unidades de existencia inicial y luego las de la compra:

100 existencia inicial y 220 de la compra.

Inventario final: 80 unidades a 6 euros cada una = 480 euros

LIFO se vende primero la compra:

300 de compra y 20 de existencia inicial

Inventario final 80 unidades a 5 euros cada una = 400 euros

Costo Promedio Ponderado:

100 unidades a 5 + 300 a 6 = 500 + 1800 = 2300 euros

400 unidades costaron 2300 euros

en promedio: 2300 / 400 = 5.75

inventario final 80 unidades a 5.75 = 460 euros

5 0
3 years ago
Free Cash Flow Iron Ore Corp. reported free cash flows for 2008 of $106 million and investment in operating capital of $189 mill
Ilia_Sergeevich [38]

Answer:

$307 million

Explanation:

Iron ore Corporation reported a free cash flow of $106 million

The investment in operating capital is $189 million

Iron ore listed a depreciation expense of $39 million and a tax of $51 million on its income statement for 2008.

The first step is to calculate the operating cash flow

Free cash flow= Operating cash flow-Investment in operating capital

$106m= OCF-$189m

OCF= $106m+$189m

OCF= $295m

Operating cash flow= $295 million

Therefore, the EBIT can be calculated as follows

Operating cash flow= EBIT-Taxes+Depreciation

$295m= EBIT-$51m+$39m

$295m= EBIT-$12m

EBIT= $295m+$12m

EBIT= $307 million

Hence the iron ore's 2008 EBIT is $307 million.

8 0
3 years ago
Other questions:
  • An accountant may compile a nonissuer's financial statements that omit all of the disclosures required by GAAP only if the omiss
    10·1 answer
  • If a product makes it through a rigorous development process, will it be a sure success?
    5·2 answers
  • A noise level of 95 db is __ than the lowest level at which hearing protection is required (85 db), and your exposure should be
    13·1 answer
  • Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $2,400,000.
    6·1 answer
  • The following information for Marlee Enterprises is given below: December 31, 2021 Assets and obligations Plan assets (at fair v
    13·1 answer
  • Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cum
    6·1 answer
  • If the Fed lowers the required reserve ratio, __________ in the banking system will remain unchanged but __________ will rise. T
    14·1 answer
  • A journal entry for a $ 290 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $ 520
    7·1 answer
  • Larry Bar opened a frame shop and completed these transactions: Larry started the shop by investing $40,800 cash and equipment v
    13·1 answer
  • The graph below represents the low-wage labor market demand curve for a U.S. city; there is also a line (MinWg) showing a $12 ho
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!