Pressure groups, or a lobby.
Answer:
$3,000
Explanation:
Calculation for the increase the money supply
Using this formula
Increase in money supply=(Cash/Reserve ratio)-Cash
Increase in money supply=($1,000/0.25)-$1,000
Increase in money supply=$4,000-$1,000
Increase in money supply=$3,000
Therefore based on the information given the banking system can increase the money supply by $3,000
Answer:
$ 7000
Explanation:
Given data;
Weekly salary of the salesperson = $ 600
Commission earned = 1 % on the sales over $ 2000
The amount earned by the salesman in the week = $ 650
Thus, the commission received = $ 650 - $ 600 = $ 50
Now,
let the amount over $ 2000 for which the commission of $ 50 paid be 'x'
therefore,
1 % of x = $ 50
or
0.01x = $ 50
or
x = $ 5000
Hence, the total sales was of $ 2000 + $ 5000 = $ 7000
Answer:
Current year = 204%
Prior year = 100%
Explanation:
Detailed solution is given below
Answer:
$181
Explanation:
Given that,
Beginning:
Income tax payable = $54
Deferred tax liability = $75
Ending:
Income tax payable = $34
Deferred tax liability = $145
Tax expenses during the year = $231
Amount of tax paid during the year:
= Tax expenses during the year + (Beginning - ending tax payable) - (Ending - Beginning deferred tax liability)
= $231 + ($54 - $34) - ($145 - $75)
= $231 + $20 - $70
= $181
