Suppose that in 2020, for every $10 of disposable income, households put $9 in deposits with a bank and keep $1 as cash. Banks keep twice as much reserves as households keep for themselves in cash. Suppose that in 2021, retail stores no longer accept cash and instead only accept credit cards and peer-to-peer payment systems such as Venmo/Zelle. In response, consumers realize it is no longer useful to carry cash around, so no household does. As a result, banks decide it is best to hold more reserves, and now only loan out 70% of their liabilities. Assume there are no other financial capital or assets. The money multiplier in 2020 is:

Teller co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during may. each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. manufacturing overhead is applied at a rate of 110% of direct labor costs. teller has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. what is the total amount to be budgeted for manufacturing overhead for the month?

Select the word from the list that best fits the definition sometimes

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld