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kaheart [24]
2 years ago
5

Two brothers who were certified public accountants worked together at a large accounting firm practicing their chosen profession

. The older brother was concerned about his younger brother's apparent inability to show up at his job by 9 a.m. each morning, sober and clear-eyed. One day, after the younger brother showed up late for work yet again, the older brother told him that if he would show up at the office sober and ready to work by 9 a.m. each morning for the next 10 months, he would pay him $15,000 at the end of that time. The younger brother accepted the offer and complied with its terms from that day forward. Nine months later, the older brother died unexpectedly. One month after that, the younger brother filed a claim with his brother's estate for the $15,000. Will the younger brother prevail in his claim
Business
1 answer:
zysi [14]2 years ago
3 0

Answer: Yes. The younger brother will prevail in his claim since he has performed under a valid contract.

Explanation:

Based on the information given, the younger brother will prevail in his claim because he has performed under a valid contract.

Based on the information given, he entered into a valid contract with his elder brother, accepted the offer and complied with its terms from that day forward. Since he performed the contract, he's entitled to the $15000 when after his brother's death.

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Assume that the required reserve ratio is 20 percent. If the Federal Reserve buys $80 million in government securities from comm
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Answer: increase by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million

Explanation:

Based on the information given in the question, the money multiplier will be calculated thus:

Money multiplier = 1/Required reserve ratio

where,

Required reserve ratio = 20%

Money Multiplier will now be:

= 1/0.20

= 5

Therefore, the maximum money-lending potential will be:

= $80 million × 5

= $400 million

Therefore, the money supply will by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million

5 0
2 years ago
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makvit [3.9K]

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5 0
2 years ago
What is Average cost
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Orlov [11]
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Halimbawa, ang mga bata at guro ay maaaring magtabi ng isang oras bawat linggo upang malinis at maiwaksi ang silid aralan. Ang mga guro at iba pang kawani ay maaaring maghugas ng kanilang mga tasa ng kape at baso pagkatapos magamit, at punasan ang anumang pagkalat o gulo na ginawa nila.

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dapat itong makatulong sa iyo sa tanong!
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