Answer:
Money multiplier= 1 / reserve requirement
a. Reserve requirement = 0.09
Money multiplier = 1 / 0.09
Money multiplier = 11.11
b. Reserve requirement = 0.25
Money multiplier = 1 / 0.25
Money multiplier = 4
c. Reserve requirement = 0.12
Money multiplier = 1 / 0.12
Money multiplier = 8.33
d. Reserve requirement = 0.04
Money multiplier = 1 / 0.04
Money multiplier = 25
Answer:
$200,000
Explanation:
This involves revenue recognition based on percentage of work completed (cost to completion technique). Revenue to be recognized per time is assessed based on the level of cost incurred compared with the total cost to be incurred.
Given that the total approved budget for the project is $600,000, If at the end of the first three weeks of work, $160,000 has been spent, and five miles of road have been completed for a a 15-mile road, the earned value of the project at the end of the first three weeks
= 5/15 * $600,000
= $200,000
Economics solves the problem of scarcity by placing a higher price on scarce goods. The high price discourages demand and encourages firms to develop alternatives.
Answer:
ke=0.1922
Explanation:
Where:
We=weight of common equity in the capital structure
ke=cost of equity
Wd=Weight of debt in the capital structure
kd= Cost of debt i.e yield to maturity on the bonds
t= tax rate.
Since WACC is estimated to be 14.8%
=0.192154
Answer:
Steve will take 240 minutes or 4 hours.
Explanation:
Steve and Hillary can mow a lawn in 60 minutes by working together. However, Hillary works three times faster than Steve.
Let's assume Steve takes takes x minutes to mow alone.
This implies that Hillary can mow alone in x/3 minutes.
In a minute, Steve can mow 1/x of the lawn, so this means Hillary can mow 3/x of the lawn.
In a minute together then can mow,
=
=
In 60 minutes they can mow
=
=
This means that it takes 4 hours for Steve to mow the lawn alone.