Answer:
D
Explanation:
Seems to be the most applicable answer.
Answer(1)
<em>b. interest rate at which banks can borrow reserves from the Federal Reserve</em>
Explanation:
The discount rate is known in America as the rate of interest which a central bank charges on its loans and advances to a commercial bank. This loans and advances are from the federal reserve.
Answer (2)
<em>a. more reserves, causing an increase in lending and the money supply</em>
Explanation:
Excess lending from the national reserve due to a lowered discount rate will lead to a reserve supply excess into commercial banks throughout the economy and expands the money supply .
Answer:
8448.22
Explanation:
We are asked to calculate the present value of 20,000 in ten years.


<em>Resuming: </em>in this kind of problems we are asked for which lump sum becomes a certain amount in a given period of time at an annual rate
Answer and Explanation:
The journal entries are shown below;
On Sept 15
Merchandise inventory $77,500
To Accounts payable $77,500
(Being purchase of inventory is recorded)
On Sep 29
Accounts payable $77,500
To Cash $75,175
To Merchandise inventory (3% of $77,500
) $2,325
(Being payment to suppliers after discount is recorded)
Answer:
Arithmetic Growth rate is about 19.89%
Geometric Growth rate is about 23.44%
Explanation:
Dividend Arithmetic Growth rate is calculated as follows
Step 1:
Find the growth rate of each year
Step 2:
Take its sum
Step 3:
Make an average by dividing the sum of all growths by Number of years in growth.
Dividend Arithmetic Growth rate is calculated as follows
Step 1:
Find the growth rate of each year
Step 2:
Take sum of all positive growth rates because geometric mean does not include the negative values.
Step 3: Multiply every growth and take the square root of the resultant product of these growths.
A MS Excel File is attached for the working. please find it.