answer.
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
Nataly [62]
2 years ago
13

The reserve requirement is 15 percent. Lucy deposits $600 into a bank. By how much do excess reserves change

Business
1 answer:
Hatshy [7]2 years ago
7 0

Answer:

$510

Explanation:

Calculation for By how much do excess reserves change

Using this formula

Change in excess reserve= Bank Deposits-(Reserve requirement*Deposit)

Let plug in the formula

Change in excess reserve=$600-($600*15%)

Change in excess reserve=$600-$90

Change in excess reserve=$510

Therefore By how much do excess reserves change is $510

You might be interested in
Ramses owns a roofing business. He enjoys being his own boss, but it comes at a price. Often, his days are filled with organizin
nydimaria [60]

Answer:

The correct answer is option d.

Explanation:

Ramses's business is organized as a sole proprietorship. A sole proprietorship is a form of business in which there is a single owner who manages and runs the business. The owner has unlimited liability for the firm's debts. There is no distinction between owner and business entity.

The advantage of a sole proprietorship is that the owner does not have to share profits. The owner pays personal income tax on profits earned.

3 0
1 year ago
You manage a hedge fund with $400 million in assets. Your fee structure provides for a 1% annual management fee with a 20% incen
skad [1K]

Answer:

b. $6,600,000

Explanation:

The computation of the fee is shown below:

= Annual management fee  + performance management fee

where,

Annual management fee = $400 million × 0.01 = $4 million

And, the performance management fee

= Incentive percentage × hedge fund × excess return

= 20% × $400 million × 3.25%

= $2.6 million

The excess return is

= {($445 million - $400 million) × $400 million -  8%}

= 11.25%  - 8%

= 3.25%

So, the fee is

= $4 million + $2.6 million

= $6.6 million or $6,600,000

5 0
2 years ago
Gar Co. factored its receivables without recourse with Ross Bank. Gar received cash as a result of this transaction, which is be
Thepotemich [5.8K]

Answer:

Answer for the following statement is "C"

Explanation:

  • Sale of Gar's receivable accounts to Ross, with the possibility of noncollectable accounts being passed to Ross.
  • Non-recourse factoring helps a corporation to offer its invoices to a component without any duty to accept unpaid invoices.
  • If consumers refuse to pay their bills or pay their invoices late, all damages are borne by the element, making the company unregulated.

7 0
2 years ago
Lori had a great day at work and has a positive attitude. When she arrives home, she maintains this positive attitude and is in
kondaur [170]

Answer:

b. work-family enrichment

Explanation:

Based on the scenario being described within the question it can be said that in this situation Lori is experiencing the concept of work-family enrichment. This term refers to when an individual's experience in what role of their lives improves the quality of life in another role. Such as in this scenario Lori's great experience at work improved her attitude in her family environment and role as a mother.

8 0
2 years ago
You are working on a team that is designing a new drug. For this drug to work, it must enter the cytoplasm of specific target ce
LuckyWell [14K]

Answer:

The correct answer is

d. the similarity of the drug molecule to other molecules that are transported into the target cells

good luck

4 0
2 years ago
Other questions:
  • Based on what you have learned in the lesson and the assignment, write two or three sentences describing how short-term and long
    9·2 answers
  • Marlon needs to add a code that indicates the information he will be including on a page. Which of the following codes should he
    11·1 answer
  • If the domino effect occurs as a result of changes in the money supply, what will most likely happen as an immediate result of b
    9·2 answers
  • Lisa surveyed a sample group of people. Based on her survey, Lisa suggested to her company that they develop a customizable trav
    12·1 answer
  • 4- You are purchasing a 20-year, semi-annual bond with a current market price of $973.64. If the yield to maturity is 8.68 perce
    14·1 answer
  • CT Stores has debt with a book value of $325,000 and a market value of $319,000. The firm's equity has a book value of $526,000
    13·1 answer
  • "Vaughn Corporation is considering the issue of commercial paper and would like to know the yield it should offer on its commerc
    12·1 answer
  • Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash f
    12·1 answer
  • The January 1, Year 1 trial balance for the Tyrell Company is found on the trial balance tab. The beginning balances are assumed
    14·1 answer
  • How might a Product Owner (PO) adjust team events to take advantage of this capability and promote the flow of value?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!