The federal funds rate falls , because the supply of the bank reserves increases
Answer:
$860,000
Explanation:
If Clement correctly recognised $43,000 in royalty revenue inecember which are based on Global's estimate of July - December, $43,000 is 5% of the sales value they are estimating. So using simple proportion, we can get the sales value. (using 5% = 0.05 and 100% = 1)
1/0.05 * 43,000 = $860,000
The demand and supply of imported textiles are given. Initially, the price is $4.50 per yard and the quantity imported is 4,500 yards.
Now the government imposes quotas on imported textiles. That means the government restricts the quantity that must be imported to 3,000 yards. The graph is as follows:
Initially, the market is in equilibrium at point E. The price iS S4.5 per yard and the quantity
imported is 4,500 yards. After the government puts restrictions on imports, the supply
curve remains the same that is, Upward sloping till 3,000 yards are imported. After that, the supply curve becomes vertical because no more imports are possible whatever the price is. Green colored line is the new supply curve
As a result of this, the equilibrium shifts from point E to point F. The price of
imported textiles has increased to $ó per card and the quantity of import is 3,000 yards.
Learn more about imported textiles here: brainly.com/question/9452496
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Answer:
Given:
The total transaction price for the sale of the stereo system and the extended warranty is $3,000.
The standalone price of each is $2,300 and $900, respectively.
The estimated cost of the assurance-warranty is $350.
Here, in this case the warranty expenses against sale of stereo is on basis of expected expenses
.
Expected expenses in future is for certainty and sum collected against this expenses. Therefore, $ 900 is gathered under assurance-warranty while no cost is incurred. Therefore, they will credit the unearned warranty revenue of $ 900
<u><em>Option (4) is correct.</em></u>
