Was an American novelist<span>, </span>short-story writer<span>, and </span>poet. <span>Farrell based his writing on his own experiences, particularly those that he included in his celebrated "Danny O'Neill Pentology" series of five novels.</span>
Answer:
$206,000
Explanation:
Beginning inventory 10,000*9.2 $92,000
Purchases during the month (9000*8+ 6000*7) $114,000
Cost of Goods available for sale $206,000
Answer:
A) Contra to the particular asset.
Explanation:
A valuation allowance account is a reserve or contra account against deferred tax assets based on the likelihood that those assets will not be realized.
For example, a common valuation allowance account is Allowance for Doubtful Accounts which is a contra asset account of Accounts Receviable.
<u>Solution and Explanation:</u>
1. the Yield to maturity
FV = 1,000
PMT = FV multiply with Coupon rate
, PMT = 1,000 multiply with 0.1 = 100
N = 5
, PV = -1,197.93
CPT I/Y
I/Y = 5.380166647
Therefore, the Yield to maturity = 5.380166647%
Where: FV – fair value, PV – Present value
2. Current yield = Coupon payment divided by Price
Current yield = 100 divided by 1,197.93
By solving we get,
Current yield = 0.08347733173
Therefore, the Current yield = 8.347733173%
If the Federal Reserve wants to lower the interest rate to 4 percent, it must <u>increase </u>the money supply to <u>lower </u><u>interest </u><u>rates</u>.
<h3>
Why the federal reserve wants to prevent a recession?</h3>
If the federal reserve wants to prevent a recession which means an economic condition when GDP falls or economy faces a low or negative economic growth.
Thus, first of all aggregate demand should increased to boost up the economy and money supply should increase to lower the interest rate then business will take more loans at lower rate and invest more in production to meet up the aggregate demand and increasing employment opportunities.
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