Answer:
Bank of Quebec
1. The overnight rate is 0.25%
2. The bank rate is 0.75%
3. If the Bank of Canada increases its overnight rate target, the other short-term interest rates:
B. They would become irrelevant.
Explanation:
a) Data and Calculations;
Bank of Canada (BOC) rate = 0.75%
Other banks' rate = 0.25%
b) The overnight rate is the interest rate at which a Canadian depository bank lends or borrows funds with other depository institutions in the Canadian overnight market. The central bank rate is the interest rate that the Bank of Canada charges other Canadian banks to borrow funds from it.
Answer:
As calculated below (attachment)She must deduct the expenses related to interest and taxes first, then deduct her other business expenses, then at last the depreciation.She may carry forward the $1,105 ($145 limit- $1,250 current depreciation) which she is not ble to use in the current year to a future year when her business has sufficient income to absorb the deduction.
Explanation:
Answer:
The amount of the proceeds would be allocated to paid in capital from preferred stock is $283,636.36.
Explanation:
Fair value of common stock = Common stock fair value per share * Number of common shares issued = $25 * 10,000 = $250,000
Fair value of preferred stock = Preferred stock fair value per share * Number of preferred shares issued = $20 * 15,000 = $300,000
Total fair value = Fair value of common stock + Fair value of preferred stock = $250,000 + $300,000 = $550,000
Amount allocated to preferred stock = (Fair value of preferred stock / Total fair value) * Lump sum proceeds = ($300,000 / $550,000) * $520,000 = $283,636.36
Therefore, the amount of the proceeds would be allocated to paid in capital from preferred stock is $283,636.36.
Answer:
6%
Explanation:
Given the following :
Amount of bond issued = $10,000,000
Cash paid = $300,000
Term of bond = 10years
Semiannual interest pay
The stated annual rate of interest on the bond can be calculated thus :
Rate of interest ;
Cash paid / Amount of bond issued
$300,000 / $10,000,000
= 0.03
0.03 * 100%
= 3% (semiannual interest)
Therefore, annual rate of interest :
Semiannual rate * 2
3% * 2 = 6%
Answer:
B. Supply of loanable funds shifted to the left.
Explanation:
In 2009, the Federal budget deficit had a total of $1.4 Trillion. This was a very noticeable increase from the preceding year. The Gross Domestic Product (GDP) increased from 3.1% in 2008 to 9.9% in 2009. This was the highest deficit since 1945.
The result of this economical calamitous year meant that the supply of loanable funds shifted to the left.