Answer:
money multiplier multiplied by monetary base
Explanation:
The money supply equals money multiplier multiplied by monetary base
Money supply is the quantity of money available in an economy for immediate use. It equals the currency held by public plus demand deposits at banks and
Monetary base is the sum of total currency in circulation and the amount held by banks as reserves.
A one-dollar increase in the monetary base causes the money supply to increase by more than one dollar. The increase in the money supply is the money multiplier.
Therefore Money supply is the monetary base multiplied by the money multiplier.
The inventory method which is better described as having an income-statement focus is "LIFO" because it more accurately approximates the inventory cost required to produce revenue.
<h3>What is Last In, First Out (LIFO)?</h3>
Last in, first out (LIFO) is an inventory accounting approach that registers the most recently manufactured products as sold first.
The cost of the latest recent product acquired (or created) is the first to be billed as price of goods sold (COGS) under LIFO, which means that the reduced price of older products is reported as inventory.
Some key features regarding the LIFO are-
- Last in, first out (LIFO) is a system of inventory accounting.
- All costs of the most recent models bought (or produced) will be the first to be expensed under LIFO.
- Only in the United States is LIFO employed, and it is governed by generally accepted accounting rules (GAAP).
- Other inventory accounting methods are the first one in, first out (FIFO) which is also a average cost method.
- When prices are rising, using LIFO reduces net revenue but is tax favorable.
To know more about the LIFO, here
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Answer: Percentage of the directors that are independent has increased.
Explanation: The response from board of directors, regarding financial crises, corporate scandals and regular obligations. brought about an increase in the percentage of board of directors who are independent. This has been due to government laid down legislations. This independent board of directors are not executive directors, but directors who hold shares of the organization.
Answer:
- 22.27%
- Company should invest in project.
Explanation:
Input the numbers given into an Excel worksheet to find the Internal Rate of Return in the manner shown in the attachment.
The investment will have to be in negative.
The IRR will come out as 22.27%
When evaluating a project based on IRR, invest in the project if the project MARR is less than the IRR as is the case here so the company should invest in this project, all else equal.