The entry to record the purchase of goods on account is what results in the purchase of inventory being recorded. Journal entry for an acquisition of stock The first inventory purchase is being processed by the accounts payable system.
The corporation can create a journal entry for an inventory purchase under the periodic method by debiting the purchase account and crediting either the accounts payable or the cash account. The balance of the purchase account is typically on the debit side because it is a temporary account.
At the end of the time period, it will be utilized to calculate the cost of items. Therefore, it is important to accurately record journal entries for purchases, processing, and sales in order to account for inventory. To balance the financial statistics and maintain track of firm inventories.
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features are a competitive tool for differentiating a company's product from competitors' products. which question are companies least likely to ask in a survey of buyers regarding product features?
Product - How much would (a certain new feature) be worth to you
What is product?
A product is anything that is offered to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made available for consumer use in response to consumer demand. Products are frequently referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A type of product that is also considered is a service. The most common types of commodities are raw materials like metals and agricultural goods, but they can also include anything that is widely available on the open market. In project management, products are the formally defined project deliverables that comprise or assist in achieving the project's goals.
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Complete Question
Features are a competitive tool for differentiating a company's product from competitors' products. Which question are companies LEAST likely to ask in a survey of buyers regarding product features?
A) Which features could we add to improve the product?
B) Which specific features of the product do you like most?
C) How much would (a certain new feature) be worth to you?
D) Which features of the product do you like the least?
E) How do you like the product?
which of the following individuals would be the best fit as the chief executive officer (ceo) of a startup? a. jamal, a web developer b. katelyn, an engineer c. mia, a scientist d. all of these are correct. e. none of these are correct.
Neither Jamal, a web developer, Katelyn, an engineer nor Mia, a scientist are individuals who would be the best fit as the chief executive officer (ceo) of a startup.
Who is a chief executive officer?Basically, a chief executive officer (CEO) are also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE). This officer is one of a number of corporate executives charged with the management of an organization, most especially in an independent legal entity such as a company or nonprofit institution.
A typical chief executive officer find roles in a range of organizations including the public and private corporations, non-profit organizations and even some government organizations.
The chief executive officer of a company typically reports to the board of directors and is charged with maximizing the value of the business which may include maximizing the share price, market share, revenues etc.
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the learning curve theory is based upon each of these conclusions except: group of answer choices a. the time required to perform a task decreases as the task is repeated. b. all time increases can be associated with improved product quality. c. the amount/rate of improvement decreases as more units are produced. d. the rate of improvement has sufficient consistency to allow its use as a prediction tool.
The idea of a learning curve is based on all of these findings, except that the rate of improvement lacks the consistency needed to be used as a predictive tool.
A learning curve is a mathematical idea that visually illustrates how a process improves over time. learning outcome and growing skills. According to the learning curve idea, things will take less time and effort to complete the more times they are completed because of the consistency you gain as you learn the process. A tool for estimating costs and measuring production efficiency,
the learning curve was originally introduced by psychologist Hermann Ebbinghaus in 1885. A percentage that indicates the rate of improvement is generally used to express a learning curve. In a graphical representation of the learning curve, a steeper slope indicates initial learning that results in consistency, further cost savings, and subsequent learning that leads to slower and more difficult cost savings.
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How many job openings are projected for Community Health Workers across the
United States between 2019-2029?
64,900
7,600
362,600
2,109
arnold has a tax liability of $700. he has a refundable tax credit of $1,000, and his employer withheld $900 in federal income tax from arnold's pay. what is the amount of arnold's tax refund?
The amount of Arnold's tax refund is $1200
Tax liability = $700
Tax refunds are payments sent to taxpayers who have overpaid their taxes, frequently as a result of excessive withholding by employers from employees' paychecks. Nearly three-fourths of taxpayers, according to U.S. Treasury estimates, have too much money withheld from their taxes, resulting in tax refunds. Overpaying taxes can be compared to giving the government an interest-free loan. Employees can also adjust the amount they withhold when estimating their year-end liability.
Refundable tax credit = $1000
Amount withheld with employer = $900
Calculating the amount of refund:
= 700 - 1000 - 900 = $1200
So, the refund amount is $1200
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employee motivation tends to increase when people are assigned to jobs for which they are qualified, and they receive coaching to improve their self-confidence. both of these practices improve employee motivation by:
A used PPE asset can typically be exchanged for a new one and is called trade-in. The trade-in allowance is the amount for which the buyer and seller have agreed to trade something in. The difference is paid by the buyer once this sum is deducted from the cost of the new asset.
Define trade in allowance.The value given to a used car that a dealer accepts in trade from a customer in order to lower the leasing cost of another car is known as a trade-in allowance. The criteria for a trade-in allowance on a lease are the same as the criteria for a purchase of a car. The circumstance of a trade-in allowance occurs when a business disposes of old assets by exchanging them for new assets and receives an allowance.
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for financial reporting, the lower of cost or net realizable value approach can be applied to (select all that apply.) multiple select question. the entire inventory. groups of inventory items. individual inventory items. only to inventory purchased during the current year.
The net realizable value approach can be applied to groups of inventory items; the entire inventory; individual inventory items.
Inventory must be documented at the lesser cost or the rate at which it can be sold in accordance with the lesser cost or net realizable value principle. A product's net realizable value is its expected selling price less the expenses related to its production, marketing, and delivery.
Thus, inventory should be written down to its net realizable value if it is recorded in the accounting records at a value higher than its net realizable value. Selling price less completion, disposal, and transportation expenses equal net realizable value. It is possible to apply the lower of cost and net realizable value to specific inventory items, logical categories of inventory, or the entire inventory.
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a country has a comparative advantage in producing a good if: a) its opportunity cost of producing the good is lower than that for other countries. b) its opportunity cost of producing the good is higher than that for other countries. c) its opportunity cost of producing the good is equal to that for other countries. d) it uses fewer resources (per unit of output) than other countries do.
Answer: Opportunity cost would be your answer :)
Explanation:
A country has comparative advantage in producing a certain good if the opportunity cost of producing that good is lower than in the other country. Ricardo observes that an absolute advantage does not necessarily imply a comparative advantage. As long as the relative cost of production is different in the 2 countries, comparative advantage exists.
Comparative advantage refers to a country's ability to produce a specific good or service at a lower opportunity cost than its trading partners. Opportunity cost measures a trade-off by representing the potential benefits an investor, business or individual misses out on when they choose one alternative over another.
the gap inc. has standardized marketing in terms of product items, price, style, and size for global markets, however, they change their standardized marketing in japanese market in term of .
The Gap inc. has standardized marketing in terms of product items, price, style, and size for global markets, which is clearly successful. An example of sizing is this.
What does formalized global marketing mean?Global marketing standardization focuses on creating a standardized plan of action across the board for selling your brand or product in colorful countries. The ultimate thing is to achieve thickness and produce a global appeal to a brand and its standardized products.
Why do companies use standardized marketing?By laying out a unified standardized marketing frame that's effective across different time zones, a company can save time and plutocrat in its marketing sweats, since individual marketing strategies in each country or region are gratuitous.
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The Gap Inc. has indeed implemented standardized marketing strategies in terms of product items, price, style, and size to cater to the needs and preferences of global markets. However, the company has modified its standardized marketing approach in the Japanese market to align with the unique cultural and social norms of the country. This includes factors such as language, design, and product offerings that are specific to the Japanese market. By customizing their marketing strategies in Japan, The Gap Inc. can effectively reach and connect with local customers, ensuring that their brand message resonates with the target audience.
Hi! I'd be happy to help you with your question. The Gap Inc. has implemented standardized marketing in terms of product items, price, style, and size for global markets. However, they adapt their standardized marketing in the Japanese market in terms of local preferences, fashion trends, and sizing to better cater to the unique needs and tastes of Japanese consumers. This ensures that they can successfully appeal to customers in that specific market while maintaining their global brand identity.
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ansas enterprises purchased equipment for $77,000 on january 1, 2024. the equipment is expected to have a five-year service life, with a residual value of $8,250 at the end of five years. using the double-declining balance method, depreciation expense for 2025 would be:
Depreciation expense for 2025 would be =$27,160.
Depreciation rate = 2 / 5 =0.40.
$77,000 × 0.40 = $30,800 depreciation in the first year.
($77,000 − 29,400) × 0.40 = $19,040 depreciation in the second year.
Book value = $77,000 − $30,800 − $19,040 = $27,160.
Depreciation is an accounting approach that spreads out the cost of an asset over its beneficial existence. Depreciation price is the cost of an asset that has been depreciated for a unmarried period, and indicates how tons of the asset's fee has been used up in that year.
Depreciation fee is that part of a hard and fast asset that has been considered fed on inside the cutting-edge period. This amount is then charged to fee. The rationale of this rate is to regularly reduce the wearing amount of constant belongings as their cost is consumed through the years.
Depreciation fee is stated on the profits declaration as some other regular commercial enterprise price. 3 If the asset is used for manufacturing, the rate is listed within the working prices area of the earnings statement. This quantity displays a portion of the acquisition fee of the asset for production functions.
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you are an investment advisor. your clients have been stuffing money into a a cookie jar to save for their child's college education, and is now bringing it to you to invest. they have $10091 dollars to invest and need to turn it into $23194 dollars in 8 years. they cannot make any more deposits. what rate of return do you need to find them to make sure they can afford to send their child to college? answer as a percent and to the nearest hundredth of a percent as in xx.xx % and enter without the percent sign.
The required rate of return is 16.23% for the investment
The principal amount invested for a child's college education= $10091
Required amount in future for education= $23194
Number of years for which amount is invested= 8 years
Interest earned in 8 years = 23194-10091 = $13103
Using the formula of simple interest, to find the rate of return:
Simple interest = P*R*T/100
where P = principal amount invested
R = rate of return
and T = time period for which the principal is invested
Substituting the values in the formula we get the following:
13103 = 10091*R*8/100
13103 = 807.28*R
R = 16.23%
So, the rate of return is 16.23%
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what are two profit-oriented approaches to setting a price?multiple select question.cost-plus pricingskimming pricingcustomary pricingtarget return pricingtarget profit pricing
Two price-setting strategies focus on making a profit:
target return pricingtarget profit pricingWhat are the two methods of pricing?We discuss the three main and most popular pricing techniques in this concise guide:
Price based on cost. Pricing based on value. Pricing based on competition.What does profit-driven pricing mean?When a corporation has a profit-oriented pricing purpose, it means that it wants to maximize profits from each sale or service it offers while achieving long-term corporate viability.
What is a profit-oriented strategy?Profit-focused strategies: Setting the price to achieve targeted profits, a return on sales, or a return on investment is necessary for profit orientation. Three pricing methods emphasize profits: optimum pricing for profit. Ideally priced for return on sales.
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yamaha incorporated hires a new chief financial officer and promises to pay him a lump-sum bonus four years after he joins the company. the new cfo insists that the company invest an amount of money at the beginning of each year in a 7% fixed rate investment fund to insure the bonus will be available. to determine the amount that must be invested each year, a computation must be made using the formula for:
To determine the amount that must be invested each year, a computation must be made using the formula for the future value of an annuity due. The future value of an annuity can be described as the sum of the future value of each payment.
Investing can be defined as the process of buying assets that increase in value over time and provide returns in the form of income capital gains or payments. The equation for the future value of an annuity due is the sum of the geometric sequence, or can be written as A(1 + r)1 + A(1 + r)2 + ... + A(1 + r)n.
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you own a small manufacturing business that produces widgets. you have spent $150,000 acquiring the fixed assets you need to produce widgets. each widget costs you $2 to make and they sell for $15 each, so your variable cost is 13.3% of the overall revenue. at your current level of operating leverage, how many widgets must you sell to break even? 13,482 19,950 11,539 10,000
11,539 widgets must be sold in order to achieve break-even at the current operating leverage.
How does operating leverage work?A cost-accounting technique called operational leverage assesses how much a company or project can raise operating profitability by raising revenue. High operating leverage companies have low variable costs and high gross margins when generating revenue.
You must finish the operational leverage calculation to determine the price at which to make a profit and pay your expenses. Additionally, it can assist you in comprehending the efficiency with which your company can generate profits by making use of fixed-cost assets like machinery or storage facilities.
Calculation:
Due to this:
$150,00 for fixed assets
Sales price = $15 Variable cost = $2
The contribution margin minus fixed costs equals the break-even point.
Sales per unit less variable cost per unit ($15-$2=$13) equals contribution margin.
Break-even point (Sales) is $150,000 divided by $13 to equal 11,539 units.
Therefore, in order to break even, 11,539 widgets must be sold.
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question 3: lamar finds reconciling his bank statement with his quickbooks file at the end of the month too time-consuming. upon learning that his bank offers a bank feed with quickbooks, lamar signs up for the service. how will this change his monthly reconciliation?
Because Lamar signs up for quickbooks, reconciliation will be quicker because most transactions will be matched already. So that, Lamar does not need wait too long for his reconciliation.
A QuickBooks can be defined as a financial management suite or full-featured business complete with tools for accounting, tax filing, invoicing, bank account tracking , inventory, payroll, and reconciliation. In accounting, Reconciliation can be defined as the process of comparing transactions and activity to supporting documentation. The function of reconciling account is to ensure that the money leaving an account matches the actual money spent.
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a management statement that the property, plant, and equipment shown on the balance sheet was owned and available for sale at the balance sheet date is an example of the
Assertion. existence.
The creators of financial statements often make five accounting assertions. They are existence, completeness, rights and obligations, accuracy and valuation, and presentation and disclosure.
Which five audit assertions are there?The creators of financial statements often make five accounting assertions. They are existence, completeness, rights and obligations, accuracy and valuation, and presentation and disclosure.Analytical techniques, a test of transactional specifics, and testing of balancing specifics are the three categories of substantive exams.Basic Statement Simple expression of defending one's own rights, convictions, emotions, or viewpoints. Example: "Excuse me, I'd like to finish what I'm saying," to say while being interrupted.For instance, the company claims that cash exists when a financial statement shows a cash balance of $605,432. The business contends that the $234,100 reserve for uncollectibles is a correctly valued sum.To learn more about Assertions refer to:
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three years ago, you invested in the future investco mutual fund by purchasing 1,000 shares of the fund at a net asset value of $30.00 per share. because you did not need the income, you elected to reinvest all dividends and capital gains distributions. today, you sell your 1,100 shares in this fund for $32.67 per share. what is the compounded rate of return on this investment over the 3-year period?
(200 x 0.92) + (200 x 0.80) + (200 x 29) = $6144
6144 - (200 x 23) = $1544 total return is the compounded rate of return on this investment over the 3-year period.
Investment is the determination of cash to buy an asset to gain an increase in price over a time period. Funding calls for a sacrifice of a few present assets, along with time, money, or attempt. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (income) or a loss found out from the sale of assets or funding, unrealized capital appreciation (or depreciation), investment profits together with dividends, interest, condo income, or a combination of capital advantage and earnings. The return may consist of forex profits or losses because of modifications inside the overseas currency trading fees. Buyers normally anticipate higher returns from riskier investments. When a low-risk investment is made, the return is also commonly low.
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peta spoke with deanna about how long it should take to finalize menu items and coupon values. what are some risks that might affect the time estimate for uploading menu and coupon content? select all that apply.
The risks that might affect the time estimate for uploading menu and coupon content are unpredictable carter's schedule and Carter want to revamp the menu before he finalizes the menu and coupon information.
What is project management ?Project management is the process of carrying out certain project goals in accordance with predefined parameters by using procedures, techniques, abilities, knowledge, and experience. Project management final deliverables are subject to time and budget constraints.
The fact that project management has a final outcome and a limited time frame as opposed to management, which is a continuing process, is a crucial aspect differentiating it from simple management. Therefore, a project professional requires a varied set of skills, including various technical ones, as well as strong people-management and commercial acumen.
When a company seeks to offer a solution to specified needs within a given budget and time limit, it engages in projects, which are distinct from business as usual activities.
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The complete question is mentioned below :
Peta spoke with Deanna about how long it should take to finalize menu items and coupon values.
What are some risks that might affect the time estimate for uploading menu and coupon content? Select all that apply.
a. Carter's schedule can be unpredictable
b. Restaurant customers are not interested in coupons
c. Waitstaff have not yet been trained to use the tablets
d. Carter wants to revamp the menu before he finalizes the menu and coupon information
which type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents?
A Peer-to-peer type of network would be most appropriate for a business that comprised three employees and a manager located in the same office space, whose primary need is to share documents.
In the field of computers and technology, a peer-to-peer network can be described as a kind of network made among two or more computers by which they can share files and use hardware devices without having to use a separate server.
A business that has three employees that need to use the same files and documents should use a peer-to-peer network as it is the most reliable one to share files and use the same hardware.
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assume straight-line depreciation. a company plans to purchase machinery costing $1,000,000 with salvage value of $200,000 after 4 years. annual income is expected to be $40,000 during the 4 years. calculate the accounting rate of return. round your answer to the nearest tenth of a percent.
The accounting rate of return for the nearest tenth is 6.67%
The percentage of an average investment that is earned as profit is known as the accounting rate of return (ARR).
ARR is an acronym for average revenue per share.
Average income equals (55k + 40k + 35k + 30,000)/4=40k.
Average investment = initial cost + salvage value divided by two.
= 1,000,000 + 200,000/2 = 600,000
ARR = 40,000/600,000 × 100= 6.67
6.67% is the accounting rate of return to the nearest tenth percent.
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true or false: the critical path is both the shortest time in which a project can be completed and the longest time that a project is schedule to take.
The given statement of the critical path is false.
What do you mean by critical path?
The critical path method (CPM) or critical path analysis (CPA) is a scheduling methodology for a group of project tasks. It is frequently used in tandem with the programme assessment and review technique (PERT). A critical route is found by identifying the longest stretch of dependent activities and calculating the time it takes to perform them from beginning to end. The critical path method (CPM) is a project modelling technique invented by Morgan Walker of DuPont and James E. Kelley Jr. of Remington Rand in the late 1950s. Kelley and Walker shared their memories of CPM's development in 1989.
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multiple select question select all that apply which of the following statements are correct? multiple select question. a person authorized by the board of directors signs checks. someone without access to check-writing should perform the recording function. vouchers are normally assembled by the accounts receivables department. individuals outside of normal cash operations should prepare bank reconciliations.
The correct statements are that someone without access to check-writing should perform the recording function and outside of normal cash operations should prepare bank reconciliations as both helps prevent business frauds.
Businesses uses these measures in order to avoid business frauds such as theft, financial statement fraud, and asset misused. When one person is responsible for handling bookkeeping and recording functions, it becomes easier for a fraud to go unnoticed. There should be at least two people handing bookkeeping activities and its recording function interchangeably, hence the person recording the checks should not have access to check-writing. Similarly, a person outside of normal cash operations should prepare bank reconciliations (the process of matching the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement) as a measure to detect fraud.
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student athletes argue that they have the right to form labor unions because they are treated like employees. which of the following, if true, would most likely strengthen this argument? a. student athletes enjoy decision-making powers in team selection processes. b. student athletes do not receive compensation for costs associated with health benefits and utility expenses. c. student athletes work over 40 hours a week in many cases and can be fired for poor performance. d. student athletes represent only one university team until they graduate.
The statement that would most likely strengthen the above argument is
c. student athletes work over 40 hours a week in many cases and can be fired for poor performance.
Labor unions are normally formed by the employees of an organization. Many student-athletes are not allowed to form labor unions because they are not considered employees by certain organizations.
However, such student athletes that work for the same duration like normal employees around 40 hours have can ask for the formation of a labor union.
Also, the organization has the right to fire student athletes for poor performance just as they do for normal employees. As the student athletes are being treated like employees through these factors, they can help in strengthening of their argument.
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ullrich printing inc. paid out $21,750 of common dividends during the year. it ended the year with $187,900 of retained earnings versus the prior year's retained earnings of $135,100. how much net income did the firm earn during the year?
The net income of the firm will be equal to $74550.
Dividends may be defined as a part of the organization which the organization provides its shareholders. Whenever a profit is earned a part of this profit is given to the shareholders. We can determine the net income by using the ending retained earnings. The formula is given by
Ending retained earnings = Beginning retained earnings + Net income - dividends
According to the question, ending retained earnings = $187900, Beginning retained earnings = $135100 and Dividends = $21750
The Net income will be
Net income = ending retained earnings - beginning retained earnings + dividends
Net Income = $187900 - $135100 + $21750
Net Income = $74550 which is the required amount.
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what groups of contacts are most valuable as advisors for student-owned startups? select all that apply. group of answer choices employers from internships faculty classmates
A productive team in the workplace is one that is focused on outcomes. Your startup needs a team of individuals that are truly unconventional thinkers. These professionals ought to be prepared to offer answers that you as an entrepreneur as a person cannot.
What position in a startup is most crucial?The visionary is a common term used to describe the chief executive officer (CEO) of a business. the pack's ringleader the person who decides. Their talent consists in having ambitious goals and having a strong sense of what the business can accomplish in the future. A productive team in the workplace is one that is focused on outcomes. Your startup needs a team of individuals that are truly unconventional thinkers. These professionals ought to be prepared to offer answers that you as an entrepreneur as a person cannot. Bad leadership, poor planning, failing to differentiate a product or service from those already on the market, disregarding client demands, and failing to learn from mistakes are all common issues with startups.
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financial accounting provides the primary source of information for . question 42 options: decision making in the finishing department improving customer service planning next year's operating budget preparing the income statement for shareholders
Financial accounting provides the primary source of information for preparing the income statement for shareholders.
Financial accounting is crucial for the preparation of financial statements including the income statement, balance sheet, and cash flow statement since it maintains systematic records of financial activities. These financial accounts are also utilized by managers to create budgets and make crucial financial choices.
The area of accounting known as financial accounting is focused on compiling, analyzing, and reporting financial transactions pertaining to businesses.
This entails the creation of publicly accessible financial statements. Examples of those who are interested in getting such information for decision-making include shareholders, suppliers, banks, workers, government agencies, business owners, and other stakeholders. Accounting rules from both domestic and foreign jurisdictions control financial accounting.
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if a firm with market power maximizes profit by producing at the unit elastic point on the demand curve, then a. it has no direct competitors. b. its marginal cost must be zero at the profit-maximizing level of output. c. demand must be perfectly elastic. d. it cannot be in long-run equilibrium.
(B) A company's marginal cost must be zero at the profit maximizing level of output if a firm producing at the unit elastic point. It is because at the point with unit elasticity, changes to prices do not affect total revenue.
The demand curve can be described as a graphical representation of the relationship between the quantity demanded for a given period of time and the price of a good or service. In a typical representation, the quantity demanded on the horizontal axis while the price will appear on the left vertical axis. Based on the statement above, a marginal cost must be zero because changes in quantity exactly offsets changes in price.
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of the three parties to a trust deed in california, which one is the beneficiary? group of answer choices lender borrower trustee none of the answers are correct
Of the three parties to a trust deed in California, the beneficiary would have to be the lender.
What is a trust deed?This is the term that is used to refer to the deed of trust. That is this is a document that is used to refer to what is used in the real estate business. It is what is made use of as an agreement that would have to be between the person that is the lender and the person that is the borrower. It has to do with a property that is to be held in trust.
The trust deed is done so as to be able to transfer the rights to a property to a party that can be regarded as the third party.
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a taxpayer who decides not to pay a tax deficiency, must litigate in which court? a.u.s. tax court b.u.s. district court c.appropriate u.s. circuit court of appeals d.u.s. court of federal claims
Option (a) is the best choice. A taxpayer who chooses to dispute a tax debt must do so in U.S. tax court.
What is the Tax Court's function?One of the places where taxpayers can file a lawsuit to challenge IRS decisions is the Tax Court, and it's the only one where they can do so without paying any of the disputed taxes in advance. 19 members selected by the president make up the Tax Court.
The jurisdiction of the US Tax Court is what?As an independent judicial body for taxpayers contesting specific IRS determinations, Congress established the Tax Court. The Tax Court's jurisdiction is its right to decide certain cases. In general, a taxpayer can appeal certain IRS decisions by submitting a petition to the Tax Court.
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suppose the bank of tazi loaned the banks of tazi $10 million. suppose also that both the reserve requirement and the percentage of deposits held as excess reserves stay the same. by how much would the money supply change?
Money supply is changed by 250 million tazi. The total amount of money cash, coins, and balances in bank accounts in circulation is known as the money supply.
The money supply is typically understood as a collection of secure assets that individuals, businesses, and governments can use to make payments or hold as short-term investments.
We first determine the credit multiplier before computing the change in the money supply.
Credit multiplier is determined as follows:
Reserve ratio multiplied by one
This additional 10 million will be lent out and the overall change in the money supply will be when the Bank of Tazi lends 10 million to a bank but their reserve requirements remain the same.
10,000,000 Multiplier
As an illustration, if the reserve ratio was 4%, 1/0.04 multiplied by 25
The overall change in the money supply follows
would be 250,000,000 x 10*25.
= 250 million
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