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1 year ago

The primary purpose of the legal reserve requirement is to:

Business

1 answer:

Marta_Voda [28]1 year ago

4 0

Answer: The correct answer is choice C.

Explanation: The primary purpose of the legal reserve requirement is to provide a means by which monetary authorities can influence the lending ability of commercial banks. These policies are the way in which the Federal Reserve can control the money supply.

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Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinc

xenn [34]

Ski Market sells snowboards. Ski Market knows that the most people will pay for the snowboards is $129.99. Ski Market is convinced that it needs a 45% markup based on cost. The most that Ski Market can pay to its supplier for the snowboards is $71.49.

Explanation:

people will pay for the snowboards is $129.99.

Ski Market is convinced that it needs a 45%
The most that Ski Market can pay to its supplier for the snowboard is
= $\frac{129.99}{100}$ ×45
=$ 58.5
=129.99 ±58.5
= $71.49
Therefore, Ski Market can pay to its supplier for the snowboards is $71.49.

3 0

2 years ago

A manufacturer sells lamps at six dollars each and sells 3000 each month. For each one dollar that the price is increased, 1000

shtirl [24]

Answer:

Explanation:

Given:

Selling price of 1 lamp = $6

Cost price of 1 lamp = $4

Units sold per month = 3000

Let $T be the selling price set by the lamp seller.

Number of sold lamps per month = 3000 − (T − 6) × 1000

= 9000 − 1000 × T.

Monthly profit = (9000 − 1000p) × (T − 4)

= −1000T^2 + 13000T − 36000.

Obtaining the derivative,

dS/dT = −2000T + 13000

and setting it to zero

−2000T + 13000 = 0

T = -13000/-2000

optimal selling point, T = $6.5.

5 0

1 year ago

Read 2 more answers

A person's website specializes in the sale of rare or unusual vegetable seeds. He sells packets of sweet-pepper seeds for $2.

ANTONII [103]

Answer:

7 packets of sweet-pepper seeds and 9 packet of hot-pepper seeds.

Explanation:

Let x packets of sweet-pepper seeds for $2.16 each and y packets of hot-pepper seeds for $4.24 each are mixed to obtain 16-packet mixed pepper assortment for $3.33 per packet,

i.e. x + y = 16 ..........(1)

Also,

The price of sweet-pepper seeds + price of hot pepper seeds = price of the mixture

⇒ 2.16x + 4.24y = 3.33(x+y)

⇒ 2.16x + 4.24y = 3.33x+3.33y

⇒ 2.16x + 4.24y - 3.33x-3.33y = 0

⇒ −1.17x +0.91y = 0 ........(2)

Equation (2) + 1.17 × equation (1)

0.91y + 1.17y = 18.72

2.08y = 18.72

⇒ y = 9

From equation (1),

x + 9 = 16 ⇒ x = 16 - 9 ⇒ x = 7

Hence, there are 7 packets of sweet-pepper seeds and 9 packet of hot-pepper seeds.

7 0

1 year ago

A certain type of computer costs $1,000, and the annual holding cost is 25% of the value of the item. Annual demand is 10,000 un

belka [17]

Answer:

The approximate economic order quantity is 110 units.

Explanation:

A = annual demand = 10,000 units per year

C = unit cost of pot = $1000

S = Ordering cost per order = $150

I = Annual carrying cost (%) = 25% of unit cost

H = Annual carrying cost ($) = 0.25*C

= 0.25*$1000

= $250 per unit per year

Optimal order quantity is obtain from the EOQ formula.

Economic Order Quantity (EOQ) is given as follows:

Q = \sqrt{\frac{2*A*S}{H}}

Q = \sqrt{\frac{2*10,000*150}{250}}

Q = \sqrt{\frac{3000000}{250}}

Q = \sqrt{12000} = 109.545

Q = 110 units per order

Therefore, The approximate economic order quantity is 110 units.

3 0

1 year ago

A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home

lana [24]

The amount of money that Eric will have after 5 years given the initial amount and the interest per year (which we will assume to be compounded)

F = P x (1 + r)^n

Substituting,

F = ($7,500)(1 + 0.0525)^5

F = $9,686

Therefore, Eric will be short of about $113.39.

4 0

1 year ago