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lys-0071 [83]
3 years ago
15

Suppose Robina Bank receives a deposit of $53,589 and the reserve requirement is 3%. Answer the questions using this information

. Round your answers to two decimal places. What is the amount that Robina Bank must keep on hand as required by the Federal Reserve (Fed)? keep on hand: $ What is the amount that Robina Bank must have in excess reserves from this initial deposit? excess reserves: $ What is the total change in the M1 money supply from this one deposit? total change: $
Business
1 answer:
g100num [7]3 years ago
3 0

A) 2,679.45
B) 50,909.55
C) 1,071,780
Explanation:
The bank will keep 5% of the deposit:
53,589 x 5% = 2,679.45‬
Then, it will have in excess the remainder:
53,589 - 2,679.45 = 50,909.55‬
This amount can be used for another.
This makes a hypothetical loop. The borrower can also deposit and creating the chance or another loan and so on. The cycle repeats indefinitely
The maximum amount of new money can be determinate as follow:

53,589 / 0.05 = 1,071,780
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The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units duri
alexandr402 [8]

Answer:

Equivalent units

Materials              10,200

Covnersion Cost   9, 100

Explanation:

\left[\begin{array}{cccc}&$Physical Units&$Materials&$Conversion\\$Beginning&2,000&0.6&0.4\\$Transferred out&9,000&&\\$Ending&3,000&0.8&0.3\\$Equivalent Units&&10,200&9,100\\\end{array}\right]

The equivalent units will be calcualte as follow:

 transferred out

 ending x completion

<u>  (beginning x completion)  </u>

Equivalent units

<u>Materials</u>

9,000 + 3,000 x 80% - 2,000 x 60% = 10,200

<u>Conversion Cost</u>

9,000 + 3,000 x 30% - 2,000 x 40% = 9,100

5 0
3 years ago
Your website has four pages of products your company sells. How can you tell search engines they are part of the same content, a
LenKa [72]

If you want search engines to tell that the pages are all related, then you should use a c. Use a rel next attribute.

<h3>What is a rel next attribute?</h3>

Rel next attributes are tools that are used to show that a sequence of pages are related to each other.

It is primarily used for search engines to be able to pick up relations between pages. These attributes can be shown as  rel="next" and rel="prev".

Options for this question are:

  • Use a 404 webpage.
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Find out more on using the rel next attribute at brainly.com/question/20336779.

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8 0
2 years ago
Which of the following statements refers to rent seeking? "There is an opportunity cost whenever the federal government spends t
puteri [66]

<u>Answer:</u>

<u><em>Laws passed by the federal government often provide benefits for a small number of individuals. These individuals, in turn, have an incentive to contribute to the campaigns of politicians who pass these laws</em></u>

<u>Explanation</u>:

When individuals or firms cunningly try to get benefits from government at the detriment of others it term rent seeking.

Implying they seek shelter under this laws that benefit them the most.

For example, certain tax laws may favor the weather citizens of a country and they (the wealthier citizens) may take advantage of that.

3 0
3 years ago
Read 2 more answers
If house A had a sale price of $70,000, monthly rent of $500, and a GRM of 140; House B had a sale price of $68,500, monthly ren
Lubov Fominskaja [6]

Answer:

$69,300

Explanation:

Given the following :

House A :

Sales price = $70,000

Monthly rent = $500

GRM = 140

House B :

Sales price = $68,500

Monthly rent = $490

GRM = 139.8

House C :

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Monthly rent = $485

GRM = 139.6

The gross rent multiplier GRM is obtained as the proportion of the sale price of a property to it's monthly rent.

GRM = (Sales price / monthly rent)

If a property is rented for 495 and house A is the

most comparable, then

Sales price will be closest to:

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140 × $495 = $69,300

7 0
2 years ago
A(n) ________ includes a group of senior managers responsible for systems development.
Savatey [412]

A <u>steering committee</u> includes a group of senior managers responsible for system development.

A steering committee is an advisory organization that makes directional choices on various organizational initiatives. Its members at once aid project managers working in the direction of strategic enterprise directions.

Key roles and responsibilities of a steering committee: it provides recommendations on mission resource utilization, time limits, staff hiring, and advertising wishes. Manual the assignment group in accomplishing milestones in step with the challenge plan. determine average mission scope and strategic project route.

The board is made of individuals who participated on the guidance committee that created the business. The steering committee is normally composed of industry leaders inside the network that help generate assistance for the entity.

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4 0
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