I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!
Answer:
The most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.
Explanation:
When there isn't a statute, the buyer bears the risk of loss when property subject to a contract for sale is destroyed without fault of any party prior to the date specified for closing. Unless the contract specifies otherwise, the buyer must pay the contract price even if the property is damaged by fire.
The inn was burned down in this case after the landowner and the buyer signed a contract for the sale of the property, but before the closing date. The contract appears to be silent on the risk of loss, and no appropriate statute exists. As a result of the common law rule, the buyer bears the risk of loss. Therefore, the landowner has the right to particular execution of the contract, which implies that the entire stipulated contract price must be paid by the buyer.
Regardless of the property's drop in worth owing to the fire, the $1 million contract price must be paid by the buyer because he bears the risk of loss.
Therefore, the most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.
Answer: See explanation
Explanation:
The unit selling price of sale mix will be:
= (1200 × 60%) + (452 × 40%)
= 720 + 180.8
= 900.8
The unit variable cost of sales mix will be:
= (450 × 60%) + (242 × 40%)
= 270 + 96.8
= 366.8
The unit contribution margin of sales mix will be:
= 900.8 - 366.8
= 534
Break even sales unit will be:
= 348,168 / 534
= 652
The break-even point in units of X will be:
= 60% × 652
= 391.2
The break-even point in units of Y will be:
= 40% × 652
= 260.8
Answer:
A journal entry for Richardson Company was prepared and is shown below.
Explanation:
Solution
A JOURNAL ENTRY FOR RICHARDSON COMPANY
Date Account Title Debit Credit
Dec 31 Prepared Advertising ($9900 *1/12) 825
Advertising expenses 825
To record for insurance the adjusting entry
Thus,
The advertising expense for the month elapsed in the present year. therefore a one month prepared advertising was deducted or debited.
A president who pursues foreign policy strategies that focus on promoting military defense and homeland security and perceives involvement in international organizations or cooperation with other countries as a potential threat to the national security and sovereignty of his or her country is following a grand strategy of _____.
isolationism
<h3>What is isolationism?</h3>
A national foreign policy that advocates against getting involved in the political issues, and notably the wars, of other nations is known as isolationism. As a result, isolationism is fundamentally against joining military alliances and agreements on mutual defence.
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