Calculate the required reserve ratio. (show your work) assume that pam wants to borrow money to pay for a new car from sharpeland bank. what is the maximum amount that sharpeland bank can loan out if it wants to keep all of its bonds? what is the maximum amount that the banking system can create given the balance sheet above? assume instead that michael withdraws $10,000 in cash from his checking account at sharpeland. by how much will sharpeland bank’s reserves change based on michael’s withdrawal? (be specific.) what is the immediate effect of the withdrawal on the m1 measure of the money supply? explain. as a result of the withdrawal, what is the new value of excess reserves for sharpeland bank based on the reserve requirement from part (a)?

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.