Answer:
Increase in initial deposit will be $4000
Explanation:
We have given initial deposit = $1000
Required reserve ratio = 20 % = 0.2
We have to find the total increase in deposit
We know that total increase in deposit = 
So We know that total increase in deposit = 
So increase in initial deposit will be $4000
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The amount that should be allocated to the oven is $771.12.
The amount that should be allocated to the installation services is $102.75.
The amount that should be allocated to the maintenance services is $166.13.
Explanation:
Total price=Standard price oven +Standard price Installation +Standard price
Maintenance
=$803+$107+$173
=$1,083
Price allocated=Stand alone price of oven
/ Total price ×Price paid by customer
= $803
/ $1,083 ×$1,040
=$771.12
Price allocated=
Stand alone price of installation service/
Total price
×Price paid by customer
=
$107
/ $1,083 ×$1,040
=$102.75
Price allocated= Stand alone price of maintenance service /Total price
×Price paid by customer
= $173
/$1,083 ×$1,040
=$166.13
Not Guarantee of accuracy: Accounting recorded all the financial transactions with the past value. ...
Real Value of items: The financial account does not show the real value of assets. ...
Accounting Ignores Qualitative Element: It recorded all the financial transaction which are in the monetary form.
