Answer:
C. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.
Answer:
A. Financial innovation motivated banks and other financial institutions to bypass the intent of the Glass-Steagall Act.
B. The Act's restrictions put American banks at a competitive disadvantage relative to foreign banks.
D. The Fed allowed bank holding companies to enter the underwriting business.
References for Explanation:
A. Financial Crisis Inquiry Commission. (2011). <em>The financial crisis inquiry report: The final report of the National Commission on the causes of the financial and economic crisis in the United States including dissenting views</em>. Cosimo, Inc. p. 21
B. Financial Crisis Inquiry Commission. (2011). <em>The financial crisis inquiry report: The final report of the National Commission on the causes of the financial and economic crisis in the United States including dissenting views</em>. Cosimo, Inc. p. 205
D. Financial Crisis Inquiry Commission. (2011). <em>The financial crisis inquiry report: The final report of the National Commission on the causes of the financial and economic crisis in the United States including dissenting views</em>. Cosimo, Inc. p. 300
Answer:
FV= $314,365.69
Explanation:
Giving the following information:
Monthly deposti= $140
Number of months= 25*12= 300
Interest rate= 0.13/12= 0.01083
<u>To calculate the future value of the investment, we need to use the following formula:</u>
<u></u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {140*[(1.01083^300) - 1]} / 0.01083
FV= $314,365.69
Answer and Explanation:
Year Cash Inflow Discounting factor 9%, 12 Years Present Value
0 -$8,200 1 -$8,200.00
1 $1,350 0.8929 $1,205.42
2 $1,295 0.7972 $1,032.37
3 $1,240 0.7118 $882.63
4 $1,185 0.6355 $753.07
5 $1,130 0.5674 $641.16
6 $1,075 0.5066 $544.60
7 $1,020 0.4523 $461.35
8 $965 0.4039 $389.76
9 $910 0.3606 $328.15
10 $855 0.322 $275.31
11 $800 0.2875 $230.00
12 $745 0.2567 $191.24
Net Present Value -$1,264.95
Since the net presnet value comes in negative so it is not beneficial for a company as it is not able to cover the initial investment
Answer:
a. Annual consumer expenditure
9,000,000,000* $0.24= $2.16 billion
b. farmers receive for wheat production
19,000,000,000* $0.24=$4.56 billion
c. government expenditure on wheat
total production by farmers minus total purchase by consumers (because excess production is stored by the government)
$4.56 billion - $2.16 billion = $2.46 billion
