Economics Answers

What is the step by step process of making money in the United States?

Bank X has Sh. 100M of assets and Sh. 10M of Equity bank. Bank Y has Sh. 100M in assets and Sh. 4Min equity.
Calculate the Equity Multiplier of each bank. (5 Marks)

b) If the two banks have 1%, return on assets; calculate the return on equity of bank X and Y and comment.

Bank X has Sh. 100M of assets and Sh. 10M of Equity bank. Bank Y has Sh. 100M in assets and Sh. 4Min equity.
Calculate the Equity Multiplier of each bank.

ABC bank produced net income of just over sh.23 billion in 2015, and had total assets of sh.1.787 trillion at the end of the year. Compute its return on assets (ROA).

Assume that in the year 2007 stock and net fixed assets amounted to ksh 22 m and 30 m respectively sales amounted to 50 m. Calculate the stock and fixed assets as a percentage of sales.

Given that the cost of sales of a company XYZ for the year 2005 was
ksh 570,000 and the average stock amount to ksh 124,250.
Calculate the stock turnover

How does opportunity cost to education contribute to low school enrollments in developing countries?

Discuss to what extend should monetary policy be used to fine-tune the economy?

When the iPhone was launched in the second quarter of 2008, it was priced at $599, and
Apple sold 270,000 units during this quarter. In mid-September of that year, Apple reduced
the price to $434, and sales rose to 1,119,000 during this next quarter. Without even doing
any calculation, these figures clearly show that Apple& rsquo;s demand was very elastic. How reliable
do you think this estimate is? What other factors do you think should be taken into account
for a more complete assessment of iPhone& rsquo;s elasticity?

5. Which of the following commodities has inelastic demand and why?
a) Soap
b) Salt
c) Cigarettes
d) Ice cream.