The desired reserve ratio is 10 percent of deposits, and the currency drain ratio is 1 percent of deposits. The central bank makes an open market purchase of $5 million of securities.
Calculate the change in the quantity of money and how much of the new money is currency and how much is bank deposits.

The quantity of money changes by $___ million.

Gideon company uses the allowance method of accounting for uncollectible accounts. on may 3, the gideon company wrote off the $2,200 uncollectible account of its customer, a. hopkins. on july 10, gideon received a check for the full amount of $2,200 from hopkins. the entry or entries gideon makes to record the write off of the account on may 3 is:

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u. s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is

To determine her power usage, samantha divides up her day into three parts: morning, afternoon, and evening. she then measures her power usage at 3 randomly selected times during each part of the day.