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densk [106]
2 years ago
11

First National Bank (FNB) has a reserve ratio of 20 percent, a required reserve ratio of 10 percent, and deposits of $1,000. If

FNB receives an additional deposit of $100, Group of answer choices then it has required reserves of $210 and holds excess reserves of $10. then it has required reserves of $10 and holds excess reserves of $20. then it has required reserves of $110 and holds excess reserves of $190. then it has required reserves of $110 and holds excess reserves of $0.
Business
1 answer:
Vadim26 [7]2 years ago
5 0

Answer:

The correct answer is then it has required reserves of $110 and holds excess reserves of $190.

Explanation:

According to the scenario, computation of the given data are as follows:

Total deposit = $1,000 + $100 = $1,100

So, we can calculate the total reserve required by using following formula:

Total reserve required = 10% × Total deposit

= 10% × $1,100 = $110

And Previous excess = $100

Current access = $90

So, Excess reserve =  Previous excess +  Current access

= $100 + $90

= $190

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At the end of April, Cavy Company had completed Jobs 766 and 765. The individual job cost sheets reveal the following informatio
baherus [9]

Answer:

                               Job 765        Job 766

Direct material         $5,670          $8,900

Direct labor              $3,500          $4,775

Overhead                 $5,400          $8,800

                                (27*200)        (44*200)

Total Job cost          $14,570        $22,475

b) Cost per unit  = Total job cost/unit produced

Job 765 = $14,570/152 units

Job 765 = 95.86

Job 766 = $22,475/250 units

Job 766 = 89.90

8 0
2 years ago
John, a line supervisor, has decided to increase Kerry's responsibilities by delegating more work to her station. what is the fi
melomori [17]
<h2>Clarify the assignment would be the first step john should take to increase Kerry's responsibilities.</h2>

Explanation:

Option A: If a new work is assigned or an additional work is assigned, it is necessary to first explain about the new responsibility and clarify about the assignment. This would ensure Kerry to continue the work smoothly.

Option B: Feedback is always welcome but this is not the first step to add responsibilities.

Option C: Notifying others is the responsibility of John and not Kerry. So this choice is invalid.

Option D: Accountability though it is mandatory comes only in the closure part.

7 0
2 years ago
The City of Clear Lake signed a lease agreement with Mountainside Builders whereby Mountainside will construct a new office buil
AnnyKZ [126]

Try making discount to 5% they will have to pay just a little more for what they are buying. Try moving the payment to 822,000 so you can save the 441 dollars.

4 0
2 years ago
Joseline waited until December 12, 2019, to file her 2018 Form 1040 return. She did not request an extension. Her balance due fo
Marrrta [24]

Answer: $207.45

Explanation:

The latest date that Josephine should have filed her taxes by was April 15th 2019.

She instead waited till December 12, 2019.

9 partial and full months have passed since that time so her penalty will be for 9 months.

Penalty is 5% of the balance due:

= 461 * 5% * 9

= $207.45

6 0
2 years ago
Martha, who is single, has a main home in Houston. In the current year, she rented it for 10 days, receiving $5,000 in rental in
uranmaximum [27]

Answer:

$5,000 increase

Explanation:

As Martha has the main home in Houston and in the current year she rented it for only 10 days, this means that house is rented for less than 14 days and will be still treated as her personal residence, therefore, no deduction will be available for Martha against her rental income. Martha's Adjusted gross income will be increased by an amount of $5,000.

6 0
2 years ago
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