Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if a new customer deposits $50,000, the bank could extend new loans up to a maximum of

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production