Answer:
the banks will eventually make new loans totaling 9,000 and the money supply will increase by 10,000
Explanation:
The money multiplier is 1/0.10= 10. If 1,000 new dollars of currency are deposited in the banks, they must hold $100 as required reserves and can lend out $900. Through the money multiplier, loans will increase by $900*10= $9000. The expansion of the money supply is the original deposit + the increase in loans or $1,000+ $9,000= $10,000
Answer:
B) they do not have a need for the products or services her company is offering
Explanation:
The reason why Megan will not consider the two prospects qualii leads is if they do not need her companie's products.
For these other options, they have the need but need further follow-up
a. They do not have the budget or financial resources to purchase the product.
c. They are too busy to meet with salespeople.
d. They do not have the authority to make a purchase decision.
e. They are not in her company's target market.
Answer:
4. Fiscal year
Explanation:
Reporting period refers to the period or time covered by a set of financial statements. It is the accounting period in which a given financial report will be covered. It may either be monthly, quarterly or yearly depending on organization's choice.
Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.
Answer:
New wants continue to develop and willingness to meet them is limited.
Explanation:
Scarcity arises because of -'Unlimited Wants', but 'Limited Resources' having 'Alternative Uses'.
Wants are different from needs: needs are basic but wants are not basic - eg food is need but pizza is want. So, the basic essence of wants is that they are ever increasing. Contrasting to these never ending wants, resources are unlimited & have alternative uses. Eg- Land may be used to create industries or houses, it is limited in contrast to its unlimited want.
Answer:
$8,120
Explanation:
<em>To calculate the proceeds, the gross proceed less the discount charged by the bank. The gross proceed is the total amount that would have been received should the note is held to maturity.</em>
Gross proceed= P + (P×R×T)
P- 8,000 R- 6%, T- 10/12
Gross proceed = (8,000 + 8,000× 6%× 10/12)
= $8,400
Discount charges = Gross proceed × discount rate × time to maturity
Time to maturity = 10 - 5 = 5 months
Discount rate - 8%, Time- 5/12
Discount charges = 8400× 5/12× 8% = $280
Proceeds to be received = $8,400 - $280
= $8,120
