Answer:
A) $0
Explanation:
with 100 million in checking account, and required reserve ratio in 10%
the bank need to hold 10 millions
IFthe Federal Reserve raises the required reserve ratio to 15% then it will need hold 15 millions
<u>This bank has none excess reserves</u>
Answer:
Find attached word document with complete question.
The first revised statement showed net income $2324000 in the year and $742000 in the prior year.
The second revised statement showed net income $1,862,000 with a net income $742000 in the year 2020.
The third revised statement showed net income of $1,392,000 in the year 2021 with $742000 in the previous year.
Explanation:
Kindly attached spreadsheet showing the three revised income statements as required by the question.
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docx
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<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark">
xlsx
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<span> such advertisements make use of consumer differences arising out of micro cultures based on different Sex Roles.
Another example of this would be the advertisements of Guns that is aimed to be appealing to Men because the 'sex roles' as the protector seems to be had by Men</span>
Answer:
<em>(A) realize financial rewards.</em>
Explanation:
In <em>theory (textbook)</em> the no.1 reason that people become entrepreneurs is to achieve <em>maximum return</em>. The concept of higher risk, higher return is the key here. Business as compared to Services and Profession, has the highest risk thereby giving the best returns out of the three.
However, in <em>practicality</em> people adopt business to <em>pursue their own ideas, gain prestige, be their own boss, continue a family tradition and also to realize financial rewards. </em>
Answer:
coupon interest rate that the company must set on the bonds in order to sell the bonds-with-warrants at par is 8.25%.
Explanation:
warrant per share = 2*75 = $150
price of the bond = 1000 - 150 - (1000/(1.05^40))
= $707.9543177
coupon*(1 -(1/(1.05^40)))/0.05 = 707.9543177
coupon*17.15908635 = 707.9543177
coupon = 41.25827583
coupon rate = 8.25%
Therefore, coupon interest rate that the company must set on the bonds in order to sell the bonds-with-warrants at par is 8.25%.
