Answer: $603,500
Explanation:
Ending inventory in 2014;
= Ending inventory balance 2013 + (( * 100) - ending inventory 2013)) * Price index 2014/100
= 550,000 + (() - 550,000)) * 107/100
= $603,500
Answer:
Sole proprietorship and partnerships generally have a tax advantage over many corporations, especially large ones.
Explanation:
Corporation face fewer regulations than Sole proprietorship.
In any partnership every partner is liable for their share of rights, privileges, and liability exposure.
An S Corp and C Corp are not taxed the same.
Answer:
Because the current money multiplier is <u>2</u>, the Fed would <u>BUY $500,000</u> worth of bonds, <u>INCREASING</u> the monetary base and so increasing the money supply by $1 million.
Explanation:
if the Fed wants to increase the money supply by $1 million, then it would need to purchase US securities worth $500,000. The formulas used to calculate the impact of the Fed's operations are:
increase in money supply = additional funds x money multiplier
- money multiplier = 1 / reserve ratio = 1 / 50% = 2
- desired increase in money supply = $1 million
$1,000,000 = additional funds x 2
additional funds = $1,000,000 / 2 = $500,000
I will assume this is a true or false question. The statement above is false. Usually, in all states, the automobile repair shops are allowed to hold their client's car until it is fully repaired this is because the physical car should be present in the shop to be able to be repaired.
Answer:
Broadband internet connection
Explanation: