Answer:
b) 4
Explanation:
effective monetary multiplier = [required reserve ratio]/[commercial bankers decide to hold additional excess reserves]
= 20/5
= 4
Therefore, the effective monetary multiplier for the banking system will be 4.
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Answer:
$3,115
Explanation:
Preferred stockholders has an advantage that they are paid first when there is any dividend is announced. The residual dividend will be divided into the common stockholders. Any prior years due dividend and current years dividend associated with preferred share will be paid first.
As per given data
Preferred shares = $532,300
Dividend on preferred shares = $532,300 x 5% = $26,615 per year
As in 2015 $23,500 was declared, the dividend of $26,615 is due in respect of preferred dividend.
2015
Arrears = Amount of Preferred dividend - Dividend declared = $26,615 - $23,500 = $3,115
All the dividend of $23,500 is paid to preferred stockholders there is no dividend for common stockholders in 2015 and still there are arrears of $3,115 due in respect of preferred dividend.
Answer:
$420
Explanation:
The computation of the net profit or loss is shown below:
Before that we have to determine the following calculations
Net Profit from call option is
= (Gain from Exercising Call Option - Option Premium paid) × Size of the Contract
= (($36 - $30) - $1.60) × 100 Shares
= $440
Net Loss from put option is
= (Option Premium paid) × Size of the Contract
= $0.20 × 100 Share
= $20
So, the net profit is
= Net Profit from Call Option - Net loss from Put Option
= $440 - $20
= $420
Answer:
Clyde's Well Servicing has the following financial statements. The balance sheet items, profit margin, and dividend payout have maintained the same ...
Explanation:
