Answer:
The correct answer is letter "A": would most likely increase the supply of loanable funds.
Explanation:
In the case Americans start saving more money, financial institutions will feel more confident in providing them with more loans because debtors have stored some resources that could cushion debts if they arise. Thus, the supply of loanable funds is likely to increase under this scenario.
Answer: The correct answer is "B".
"B. Investing in real assets" is<u> NOT</u> typically considered a function of financial intermediaries.
Explanation: A financial intermediary is an institution specialized in mediation between economic units that save or invest their funds, and units that wish to borrow funds.
Financial intermediaries are dedicated to investing in <u>financial assets.</u>
Answer: 60.36%
Explanation:
Interest = Amount - Principal
= 14320 - 10500
= 3820
Time = 220 days
Rate = Unknown
Interest = PRT/100
3820 = (10500 × R × 220/365)/100
3820 = (10500 × R × 0.6027397)/100
3820 = 6328.7671R/100
Cross multiply
3820 × 100 = 6328.7671R
R = 382000/6328.7671
R = 60.36%
The ordinary interest rate was 60.36%
Answer:
$221,600
Explanation:
The computation of the depreciation expense for the year 2021 is as follows:
Depreciation expense is
= (Cost - Salvage value) ÷ Useful life
= ($840,300 - $87,000) ÷ 9
= $83,700 per year
Now the book value would be
= $840,300 - ($83,700 × 3 years)
= $589,200
And, finally the revised depreciation is
= ($589,200 - $146,000) ÷ 2
= $221,600
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: Competence, confidentiality, integrity, and credibility.
Explanation:
In the activities of management accountants professionals, the four standards of ethical conduct which the Institute of Management Accountants enacted are simply confidentiality, credibility, competence, and integrity.
This therefore shows that the right option is B.
