Answer:
a. 25 b. 7 c. 6 d. 4. e. 3
Explanation:
Money Multiplier = 1/Reserve ratio
A. At 4% reserve ratio
Money Multiplier = 1/0.04
Money Multiplier = 25
B. At 12% reserve ratio
Money Multiplier = 1/0.12
Money Multiplier = 6.67
Money Multiplier = 7
C. At 18% reserve ratio
Money Multiplier = 1/0.18
Money Multiplier = 5.56
Money Multiplier = 6
D. At 26% reserve ratio
Money Multiplier = 1/0.26
Money Multiplier = 3.85
Money Multiplier = 4
E. At 30% reserve ratio
Money Multiplier = 1/0.3
Money Multiplier = 3.33
Money Multiplier = 3
Answer: For each of the following companies, each company would be more likely to use:
a. Janitorial services company - <u>Job costing.</u>
b. Soup manufacturer - <u>Process costing.</u>
c. Commercial plumbing contractor - <u>Job costing.</u>
d. Toothpaste manufacturer - <u>Process costing.</u>
e. Catering service - <u>Job costing.</u>
Recruitment is the answer. Recruitment: the action of finding new people to join an organization or support a cause.
Answer:
The deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.
Explanation:
Note: See the attached photo for the T-account Illustration for Waterfield Bank after this transaction has occurred.
The the proceeds of the home sale deposited by Mr. Rho into his checking account at Waterfield Bank is liability to Waterfield Bank. Therefore, the deposit of $178,000 by Mr. Rho appears under Liabilities of Waterfield Bank as shown in the attached photo.
Answer:
The model defines how people should ideally make decisions.
Explanation:
A positive statement can be defined as any statement that is typically based on empirical evidence and as such can be tested, proven and verified. Also, a positive statement can be amended or rejected based on evidences that are available.
On the other hand, a normative statement can be defined as any statement that can't be tested, proven or verified because it is judgmental and based on opinions.
The classical model of decision making is a strategic process which assumes that managers (decision makers) are well furnished with large amounts of information and as such are able to practically process the information for decision making.
When the classical model of decision making is said to be normative, this means the model defines how people should ideally make decisions.
