The reserve ratio is 20 percent. the fed buys $1 million in government securities from a bond dealer by transmitting the funds to the dealer's deposit account at bank a. bank a makes the maximum loan possible to a construction company, which buys materials with the loan. the check is deposited in bank b, which loans out all it can to a car dealership. to this point, the money supply has increased by.. a)$1 million b)$1.8 million c)$2.44 million d)$3 million.

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)