False answering customer feedback can make the business seem more honest and appealing to consumers.
Answer:
B) 4
Explanation:
the monetary multiplier before this newly acquired checkable deposit was 1 / required reserve ratio = 1 / 20% = 5. Since the banks decided to increase the reserve ration to 25%, then the money multiplier will decrease to 1 / 25% = 4.
The monetary multiplier shows the money creating effect of the fractional banking system. E.g. you deposit $1,000 at bank A. Bank A will lend $750 to Bill. Bill then purchases a bike from Tom and Tom deposits the $750 in bank B. Bank B will then lend $562.50 to Sarah. Sarah purchases a TV from Alex, and Alex deposits the money in bank C. Then bank C will lend $421 to Frank, and the cycle goes on.
Answer:
a. $39,000
b. $85,000
Explanation:
The computations are shown below:
a. Tax on real property would be
= Valued of real property × tax rate
= $1,300,000 × 3%
= $39,000
b. Tax on real property would be
= Property's assessed value up × tax rate + difference of property value × increased tax rate
= $2,000,000 × 3% + $2,500,000 × 1%
= $60,000 + $25,000
= $85,000
Answer:
$100,000
Explanation:
If the individual transfers personal property to a tax-exempt entity and the corporation uses the asset in a similar way to its tax-exempt intent, the individual is entitled to subtract the property's fair value.
in this scenario, Maple Corp. has the right to deduct $100,000 (market value of painting) from his taxable income.
