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pickupchik [31]
1 year ago
9

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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Woodland Lake Manufacturing has a new project that requires $652,000 of equipment. What is the depreciation in Year 5 of this pr
kozerog [31]

Answer: $58,223.6‬0

Explanation:

The Modified Accelerated Cost Recovery System (MACRS) is the depreciation method being used currently in the United States to depreciate assets for tax purposes. The asset is depreciated over a certain period of time depending on the Assets class.

The equipment in this scenario is a 7-year property and is subject to the rates listed. The fifth year depreciation therefore is;

= 652,000 * 8.93%

= $58,223.6‬0

5 0
2 years ago
"Vaughn Corporation is considering the issue of commercial paper and would like to know the yield it should offer on its commerc
Naddik [55]

Answer:

7.6 percent

Explanation:

Vaughn should offer 7.6 percent on its commercial paper.

This is calculated by adding the 0.2 credit risk premium to 0.1 percent liquidity premium + 0.3 percent tax adjustment + 7 percent annualized t bills rate.

= 0.1 + 0.2 + 0.3 + 7

= 7.6

Based on this Vaughn would offer 7.6 percent on its commercial paper.

6 0
2 years ago
The demand for air travel between two cities doubles. the elasticity of the supply of air travel between these cities will​ ____
Vilka [71]
The demand for air travel between two cities doubles. The elasticity of the supply of air travel between these cities will <span>become more​ elastic, the longer the time since demand doubled</span>. Elasticity is the responsiveness between supply or demand when nothing changes but the price. In this situation, the demand for air travel between two citifies doubled, so, the traveling is elastic because even though the demand rose, so did the price, but the demand didn't start to drop. 
5 0
2 years ago
Outsourcing of services is:______. a. decreasing in volume and scope. b. increasing in volume and scope. c. increasing in volume
grin007 [14]

Answer:

b. increasing in volume and scope

Explanation:

Outsourcing refers to assigning routine day to day tasks of less significance to an outside firm at a contractual price, with dual motive of saving time and focusing upon more important tasks and also to avail specialized services of an outside firm to ensure efficiency.

For example, a company may outsource it's human resource management function to third party consultants rather than conducting recruitment on it's own.

With the growth in businesses and with increased competition, the need to focus upon strategic tasks has increased which calls for growth in outsourcing function owing to which outsourcing of services has increased both in volume and scope.

3 0
1 year ago
Read 2 more answers
Hypothesize why nearly an equal number of consumers use mobile and online banking to pay bills?
Taya2010 [7]

Answer:

Nearly an equal number of consumers use mobile and online banking to pay bills because of the ease and convenience these methods afford them.

Explanation:

To hypothesize means to provide a possible explanation for something. So, a possible reason or explanation of why most customers prefer the online and mobile methods of making payments and receiving funds is that it is much easier for them.

Some of these easy benefits include;

1. They do not have to stand in long queues to pay through cheques.

2. They can process their transactions from any location and at any time.

3. There are fewer requirements needed to process transactions.

3 0
2 years ago
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