Suppose a commercial bank has checkable deposits of $50,000 and the legal reserve ratio is 10 percent. If the bank's required and excess reserves are equal, then its actual reserves Multiple Choice are $500,000. cannot be determined from the given information. are $5,000. are $10,000.

Njuly, noel & vang company purchased materials costing $23,100 and incurred direct labor cost of $19,800. manufacturing overhead totaled $35,200 for the month. information on inventories was as follows: july 1 july 31 materials $6,820 $7,810 work in process 770 1,320 finished goods 3,630 2,970 what was the cost of goods sold for july? a. $71,300 b. $71,100 c. $69,600 d. $77,220

Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement