Explanation:
shortage is when a particular thing is present for use but not up to what the person needs.
scarcity is when a thing or object ceased to be used or non availability of a particular thing for a particular period of time.
The required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8
If the required reserve is 10%, the currency reserve multiplier is 10 and the currency supply should be 10 times the reserve. A reserve requirement ratio of 10% also means that banks can lend out 90% of their deposits.
The reserve ratio can be calculated by simply dividing the amount a bank must hold in reserves by the amount the bank has on deposit. For example, if he has $10 million in bank deposits and needs to hold $500,000 in reserves, the required reserve ratio is 1/20, or 5%.
The ratio of required reserves to deposits. A reserve ratio of 10% means that banks must hold 10% of their deposits as a reserve.
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Answer:
Intercultural communication is important as it helps in cross culture communication process. It helps in the process where different people belonging to different cultures communicate together on one platform. The communication can be verbal or non verbal among the people who belong to different cultural backgrounds.
Explanation:
High context communication is one in which communication is in such a way that relies heavily on non verbal language and emphasis the cultural values. Low context cultures communication is when people communicate in direct and precise manner. They rely heavily on verbal communication.
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Answer:
1. Overhead rate = Overhead costs / Direct material costs
Overhead rate = $684,000 / $1,900,000
Overhead rate = 0.36
Overhead rate = 36%
2. How much direct labor cost and overhead cost are assigned to this job?
Total cost of job in process $71,000
Less: Overhead applied $7,920
($22,000 * 36%)
Less: Material cost of job in process <u>$22,000</u>
Direct labor cost <u>$41,080</u>
Hence, direct labor cost is $41,080 and Overhead cost is $7,920