The entity who should be thought of as a firm's banker and source of information should be the <u>Banker</u>.
<h3>Roles of a banker in a company</h3>
They advise the company on financial and capital needs to ensure that the company gets the funding it needs to be successful.
They also serve as a source of information for various aspects of the financial world and can assist in preparing financial statements. They are therefore partners to the business.
Find out more on the role of bankers at brainly.com/question/14274562.
Answer:
2. False
Explanation:
The market for money is like the market for any other good: if demand is higher than supply, then, the price of money (the interest rate), will have to be lowered, so that money becomes cheaper and more abundant, and supply and demand become equal and reach equilibrium.
In this case, the centrla bank needs to lower the interest rates by buying bonds. When the central bank buys bonds, it prints more money that is put in the market, effectively increasing the supply of money, and lowering the interest rate in the meantime.
Workers at nuclear power plants wear film badges to determine and measure their exposure to radiation. It is important for them to monitor their exposure to ionizing radiation. Through this method, workers can determine whether the radiation levels are already too dangerous or not.
Answer:
Opportunity cost
Explanation:
Opportunity cost is the sacrificed benefits in decision making. Making a decision involves selecting one option from several choices. The forfeited advantage from the next best alternative is the opportunity cost.
Monica has chosen to join college. She has sacrificed her job at the supermarket to make time for college. Her forfeited weekly pay from her job is the opportunity cost for joining college.
Answer:
$11,250
Explanation:
The computation of depreciation expense for the second year is given below:-
Double declining rate = 1 ÷ 8 × 2
= 25%
Here, for computing the depreciation for 2nd year we need to first calculate the 1st year of depreciation.
Depreciation for the 1st year = Purchase cost × Double declining rate
= $60,000 × 25%
= $15,000
Depreciation for the 2nd year = (Purchase cost - Depreciation for the 1st year) × Double declining rate
= ($60,000 - $15,000) × 25%
= $45,000 × 25%
= $11,250
