If a bank has a required reserve ratio of 30 percent, excess reserves of $45,000,000, and deposits of $100,000,000, how much can the bank lend out? A. $13,500,000 B. $30,000,000 C. $43,500,000 D. $45,000,000 E. $145,000,000
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Madison River Supply Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical inventory on December 31, 20Y8, Madison incorrectly counted its inventory as $545,000 instead of the correct amount of
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During the period, labor costs incurred on account amounted to $175,000, including $150,000 for production orders and $25,000 for general factory use. Factory overhead applied to production was $23,000.
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