Question 1 a) i If Johns takes $10‚000 and deposit in the banking system‚ the total amount of of deposits in the banking system increase by $100‚000 ( $10‚000 x 10)‚ because the reserve ratio is of 10% which mean the money multiplier is 1/R= 1/0.10 = 10. ii As bank deposits are part of the money supply‚ so John deposited $10‚000 but the bank is required to keep a ratio of 10% or $10‚000. Taking in consideration i above by using the money multiplier the bank is allowed to make a maximum of $90‚000
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Cheyenne Indian request in the 1800s for 1‚000 white brides to bring peace between the two differing cultures. The request is secretly approved by the U.S. government to send women volunteers from unsatisfied lives. Their journey west is described by May Dodd‚ an educated‚ spirited‚ high-society woman released from an asylum where she was unjustly locked up by her family. As seen in 1‚000 White Women‚ adapting to a new culture is challenging and exhausting. The acculturation process individuals go through
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To: Patrick Oray Company: Plastic Composites Inc. From: Jane Doe Date: March 1‚ 2012 RE: Allocation Options for Fixed Manufacturing Overhead Costs Dear Mr. Oray‚ After researching the different methods allowed for you to use in allocating the fixed manufacturing costs to the work in process and finished goods I have come to the conclusion that normal capacity is the best method for your business. First I will define theoretical‚ practical and normal capacity and then I will explain to
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Fiscal policy can be determined as the use of government spending and taxes in order to alter the Gross Domestic Product (GDP). From the macro perspective‚ the federal budget is a tool that can shift aggregate demand and thereby alter macroeconomic outcomes. Although fiscal policy can be used to pursue any of the economic goals‚ we need to explore its potential to ensure full employment and observe the impact on inflation. The mix of output and distribution of income will determine the potential
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Dr. Clifford Brown ABC CASE AC603 ABC MANUFACTURING COMPANY( due 10/8/2010) “If I were to price this crankshaft any lower than $225‚” said Mike Brunner‚ manager of ABC Company’s Machining division‚ “I’d be countermanding my order of last month for our sales staff to stop shaving their bids and to bid full cost plus quotations. I’ve been trying for weeks to improve the quality of our business‚ and if I turn around now and accept this job at $195 or $200 or something less than $225‚ I’ll be
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Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
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ORGANIZATIONAL BACKGROUND Business Profile Wheeltek Motor Sales Corporation is located at Lawaan‚ Roxas City. The company is using manual operation in storing the forms that Costumers fill up and brochure for the Costumer to choose the motorcycles they wanted. The Wheeltek Motor Sales Corporation sells only branded motorcycles such as Honda‚ Kawasaki‚ Suzuki and Yamaha. Those brands have different models. At present‚ the said company has 136 branches all over the Philippines. The main branch is
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Threat of Substitute Products and Services-Low A new product in the market may satisfy the needs and wants of a common client in several ways (Porter‚ 2008). This threatens the profitability of the industry. For example‚ software storage applications may act as substitutes for hardware storage devices. If the substitute product presents a value proposal‚ which is distinctively dissimilar to‚ the current offers in the industry‚ the threat of the substitute is said to be high. It is however said to
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1. Describe the management style at Rondell Data Corporation. Rondell Data Corporation is a fairly small company‚ employing roughly about 800 employees. This has been a steady increase since the company began in 1939. The current management style does not seem to be able to manage the volume and span of activities throughout the company. The management style of the company seems to be a functional structure. There are five levels of hierarchy in the organization chart. There are many levels of
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people life’s that have contributed to their success. I believe if people have the desire and heart to put them in this much hard work they will be able to skillful at it. Athletes have proved this theory to be true. A soccer player named Sergi Robert‚ from Barcelona‚ Spain has been one of many athletes that can prove Gladwell’s theory to be accurate. Since he was little boy he would always be watching soccer games and every opportunity he had to play with the much older soccer players he took it. Gladwell’s
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