The answer is False.
You should not avoid making large-scale changes in your rough draft.
Answer: $360,050
Explanation:
The total cost of a fixed asset refers to all the cash that was paid to acquire the asset, transport it and then install it.
Cost of the new machinery is therefore = Discounted cost price + Sales tax + Installation charges + Concrete slab
= (270,000 * (1 - 2%)) + 79,750 + 4,800 + 10,900
= 264,600 + 79,750 + 4,800 + 10,900
= $360,050
<em>Cost price was discounted by 2% as per the credit terms of 2/10 which means that there is a discount of 2% if the asset is paid for in 10 days. </em>
Answer:
exchange-traded fund
Explanation:
Goodwin Ross Mid Cap Growth is an investment company that offer their clients different set of portfolios to invest their clients’ money. According to the information the Goodwin Ross Mid Cap Growth is an exchange-traded fund company that invests in different portfolios such as stocks, commodities and bonds in the financial market similar to the composition of the Dow Jones.
Answer:
c. $50 billion; 4
Explanation:
On the basis of Question provided in ask for details:
Solution is
Monetary multiplier = 1/reserve ratio
Monetary multiplier = 1/0.2 = 5
If the Fed increased the reserve requirement from 20 percent to 25 percent
New reserve based on 25 % requirement =(200 billion/20%)/25%= 250 billion
Deficiency of reserves = 250 billion - 200 billion = 50 billion
Monetary multiplier = 1/reserve ratio
Monetary multiplier = 1/0.25 = 4