Assume that the following table portrays the balance sheet of First Southern bank. Assets Liabilities and Net Worth
Vault Cash $100,000 Deposits $950,000
Deposits at Fed $150,000
Loans $700,000
Total $950,000 Total $950,000
First Southern's bank reserves are equal to $. If the Federal Reserve sets the required reserve ratio to 0.20, First Southern's required reserves would be $. Therefore, it would have $ in excess reserves. If First Southern loaned all of its excess reserves, the maximum amount by which the money supply could subsequently increase is $. If the Fed were instead to set the required reserve ratio to 0.10, required reserves would be $, excess reserves would be $, and the maximum increase in the money supply would be $. Thein the money supply will be smaller if the Fed chooses a required reserve ratio of.

"in my opinion, we ought to stop making our own drums and accept that outside supplier's offer," said wim niewindt, managing director of antilles refining, n. v., of aruba. "at a price of $21 per drum, we would be paying $4.70 less than it costs us to manufacture the drums in our own plant. since we use 70,000 drums a year, that would be an annual cost savings of $329,000." antilles refining's current cost to manufacture one drum is given below (based on 70,000 drums per year):

crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?

Why entrepreneurs start businesses. a) monopolistic competition b) perfect competition c) sole proprietorship d) profit motive