Hey I need help please

In June 2013, currency held by individuals and businesses was $1,124 billion; traveler’s checks were $4 billion; checkable depos

densk [106]

Answer:

M1 $2,530 billion

M2 $10,644 billion

Explanation:

M1 = Currency held + Travelers check + Checkable deposits

= $(1,124 + 4 + 1,402) billion = $2,530 billion

M2 = M1 + Savings deposits + Time deposits + Money market funds

= $(2,530 + 6,884 + 583 + 647) billion = $10,644 billion

4 0

3 years ago

As a manager, Colin realizes that there is no single formula for making easy decisions. In reality, business decisions he has to

alexira [117]

Answer: Nonrational

Explanation: The nonrational model of decision making comes in the aspects of deciding on and pursuing a method of action that will satisfy the minimum requirements to achieve a particular goal, increments, and understanding without deliberate thinking that are administrative and realistic in the decision-making process.

However, with nonrational decision-making involving uncertainty and lack of available information to carry out a reasonable decision, there is a possibility of adverse results with the decision made and the likelihood of an effect tending to cause harm to the organization respectively. Also, this model of decision making is expensive and time-consuming altogether.

3 0

3 years ago

On January 1, 2017, Ellison Co. issued eight-year bonds with a face value of $6,000,000 and a stated interest rate of 6%, payabl

sergiy2304 [10]

Answer:

Bond Price = $5,300,862.264 rounded off to $5,300,862.26

Explanation:

To calculate the price of the bond today, we will use the formula for the price of the bond. Assuming the bond is an annual bond, the semi coupon payment, number of periods and semi annual YTM will be,

Coupon Payment (C) = 6,000,000 * 0.06 * 6/12 = 180 ,000

Total periods (n) = 8 * 2 = 16

r or YTM = 0.08 * 6/12 = 0.04 or 4%

The formula to calculate the price of the bonds today is attached.

Bond Price = 180000 * [( 1 - (1+0.04)^-16) / 0.04] + 6000000 / (1+0.04)^16

Bond Price = $5,300,862.264 rounded off to $5,300,862.26

8 0

3 years ago

Today, you invest a lump sum amount in an equity fund that provides an 8% annual return. You would like to have $11,700 in 6 yea

V125BC [204]

Answer:

$7,372.99

Explanation:

Discounting is the method used to determine the present worth of a future amount which compounding is used to determine the future worth of a present amount. The relationship between both is such that;

Fv = Pv(1 + r)^n

where

Fv = future amount

Pv = present amount

r = interest rate and

n = time

The future amount = $11,700

time = 6 years

rate = 8%

$11,700 = Pv(1 + 0.08)^6

Pv = $11,700(1 + 0.08)^-6

Pv = $7,372.99

You need to deposit $7,372.99 today to reach your $11,700 goal in 6 years.

8 0

3 years ago

When you're single, it's important to have an ________

Sliva [168]

It’s important to have a best friend

6 0

3 years ago

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