The central bank of Canada is the Bank of Canada.
Suppose that inâ Canada, banks' reserves at the Bank of Canada were $1 âbillion, Bank of Canada notes were $60 billion, and the quantity of coins was $4 billion. What was the monetary base?

Answers

Answer 1

Answer:

$65 billion

Explanation:

Monetary base means the total sum of banks’ reserves at the Fed (Bank of Canada), Federal reserve notes (Bank of Canada notes), and quantity of coins.

Monetary base = $1 billion + $60 billion + $4 billion

Monetary base = $65 billion


Related Questions

Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it?

Answers

Answer:

A general lien is one placed against any and all real and personal property owned by a particular debtor. An example is an inheritance tax lien placed against all property owned by the heir. A specific lien attaches to a single item of real or personal property, and does not affect other property owned by the debtor.

Explanation:

Inheritance tax lien is a kind of general lien.

What is Inheritance tax lien?

A percentage of a decedent's estate's value that is distributed to beneficiaries by will, heirs by intestacy, and transferees by operation of law is subject to inheritance tax. Depending on the heir's status relative to the decedent, there are different tax rates. Payments for inheritance taxes are due at the time of the decedent's death and become past due nine months afterwards. A 5% rebate is permitted if inheritance tax is paid within three months of the decedent's passing. The Tax Law encumbers the decedent's real estate upon death to guarantee the payment of any estate taxes owed. The decedent's death date serves as the effective date of the inheritance tax lien. For all dates of death, a release of lien is used unless the decedent and the surviving spouse were the only joint tenants of real estate.

The value of the property has no bearing on whether a release of lien is necessary.

What is general lien?

A general lien is the right of one person to keep any things or property that belong to another person that are in his possession until the promise or duty is satisfied.

It is the ability to keep someone else's property as payment for an overall account balance.

Brokers of insurance, bankers, factors, and High Court lawyers can all get a general lien. Without an express agreement to the contrary, the general lien of bankers, factors, wharfinger, attorneys, and policy brokers retains as a security for the overall balance of the account and any items that are to be bailed to them.

Service providers typically receive the broad lien privilege. These identification service providers reserve the right to keep the items that are given to them as bail in order to collect the overall balance of money that is owed by their client. This specific Section is very eager to restrict the use of general liens by stating that no one has the right to assert a general lien unless the parties have expressly provided for it in their contract.

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K. Decker, S. Rosen, and E. Toso are forming a partnership. Decker is transferring $50,000 of personal cash to the partnership. Rosen owns land worth $15,000 and a small building worth $80,000, which she transfers to the partnership. Toso transfers to the partnership cash of $9,000, accounts receivable of $32,000 and equipment worth $39,000. The partnership expects to collect $29,000 of the accounts receivable.
Account Titles and Explanation: Debit Credit
(To record invstment of Decker)
(To record investment of Rosen)
(To record investment of Toso.)
What amount would be reported as total owners?

Answers

Answer:

the total owners amount should be $222,000

Explanation:

The computation of the amount that should be reported as the total owners is given below:

= K decker + rosen + tosa

= $50,000 + $80,000 + $15,000 + $9,000 + $32,000 + $39,000 - ($32,000 - $29,000)

= $50,000 + $95,000 + $77,000

= $222,000

Hence, the total owners amount should be $222,000

DHL express deals with :

a) Air freight of goods
b) petroleum products
c) motorcycle company
d) import and export good ​

Answers

Answer:

DHL express deals with:

d)import and export good

Which of the following approaches for calculating the market value of a property involves estimating the dollar value associated with replacing the property new, as well as determining the loss in value due to physical, functional, and external obsolescence?

a. income approach
b. sales comparison approach
c. cost approach
d. Investment approach

Answers

Answer:

c. cost approach

Explanation:

The cost approach is a real estate valuation method in which the price estimated regarding the buyer that have to pay for the property and the same is equivalnet to the cost for creating a buidling.

Here the property value should be equivalent to the land cost also add the construction cost and minus the depreciation expense

So as per the given situation, it is the cost approach that determined the market value of the property

what is the definition of abuse

Answers

Answer:

The improper usage or treatment of a thing, often to unfairly or improperly gain benefit. Abuse can come in many forms, such as physical or verbal maltreatment, injury, assault, violation, unjust practices, crimes, or other types of aggression.

Explanation:

planning practices are different from organization to organization. discuss

Answers

Answer:

planning can be referred to as the things you think for the future to happen and organization is a group of people who works together.

Hopes this answer helps you.

The CEO of Fly Corporation decides to change an accounting method at the end of the current year. The change results in reported profits increasing by 5%, but the company's cash flows are not changed. If capital markets are efficient, then what would happen to the company stock price? Justify your answer with logical arguments

Answers

Answer:

Fly Corporation

The stock price will not be affected by the accounting change.

Explanation:

This opinion is based on the assumption that the capital markets are efficient.  Therefore, the stock's market price will reflect all available and relevant information.  Since all the necessary information is already incorporated into the stock price, the CEO of Fly Corporation cannot beat the market by the change in accounting method, and the stock price will not be undervalued or overvalued.  Moreover, the change in accounting method only shifts the timing for reporting income.

life assurance forms part of...... insurance?​

Answers

Answer:

Life insurance

Explanation:

Zach attended Champion University during 2014-2018. He lived at home and was claimed by his parents as a deduction during the entire duration of his education. He incurred education expenses of $15,000 during college of which $3,750 was paid for by scholarships. To finance his education, he borrowed $9,500 through a federal student loan program and borrowed another $5,500 from a local lending institution for educational purposes. After graduation, he married and moved with his spouse to a distant city. In 2019, he incurred $950 of interest on the federal loans and $550 on the lending institution loan. He filed a joint return with his spouse showing modified AGI of $113,500. What amount of student loan interest can Zach and his spouse deduct in 2019, if any

Answers

Answer:

The amount of student loan interest can Zach and his spouse deduct in 2017 is $1,125

Explanation:

The amount of student loan interest can Zach and his spouse deduct in 2017 is $1,125

The amount of student loan interest can Zach and his spouse deduct in 2017 is

Education Expenses:

= $15,000 Incurred Expenses - $3,750 Scholarship

= $11,250

$11,250 / $15,000 = 75%

Interest Incurred:

= $950 Federal Loan Interest + $550 Lending Loan Interest

= $1, 500

$1,700 x 90% = $1,125

The Nearside Co. just paid a dividend of $1.65 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year, indefinitely. Investors require a return of 12 percent on the stock. a. What is the current price

Answers

Answer:

$24.7

Explanation:

The first step is to calculate D1

1.65(1+5/100)

1.65(1+0.05)

1.65(1.05)

=>1.73

Therefore the current price can be calculated as follows

= D1/required rate-growth rate

= 1.73/0.12-0.05

= 1.73/0.07

= 24.7

Hence the current price is $24.7

You have $100,000 to invest in a portfolio containing Stock X and Stock Y. Your goal is to create a portfolio that has an expected return of 12.1 percent. Stock X has an expected return of 10.28 percent and a beta of 1.20, and Stock Y has an expected return of 7.52 percent and a beta of .80.
a. How much money will you invest in Stock Y? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the beta of your portfolio? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.)
a. Investment in Stock Y
b. Portfolio beta

Answers

Answer:

a. Amount to invest in Y

The amount that will be invested in Stock Y should be such that the expected return of the portfolio would equal 12.1%.

This would be determined by the weights of the stock.

Assume the weight to be invested in X is x.

Portfolio return = (weight of X * Return of X) + (weight of Y * Return of Y)

12.1% = (x * 10.28%) + ( (1 - x) * 7.52%)

0.121 = 0.1028x + 0.0752 - 0.0752x

0.121 - 0.0752 = 0.1028x - 0.0752x

0.0458 = 0.0276x

x = 0.0458 / 0.0276

= 1.6594

Weight in stock Y:

= 1 - 1.6594

= -0.6594

Amount to invest in Y:

= -0.6594 * 100,000

= -$65,940

b. Portfolio beta

It will be a weighted average of the betas of the two stocks:

= (Weight of stock X * Stock X Beta) + ( Weight of stock Y * Stock Y beta)

= (1.6594 * 1.20) + (-0.6594 * 0.80)

= 1.46

The financial reporting for private not-for-profit entities primarily focuses on: Multiple Choice basic information for the organization as a whole. standardization of the fund information that is reported. inherent differences of various not-for-profit entities that impact reporting presentations. distinctions between current fund and noncurrent fund presentations.

Answers

Answer: basic information for the organization as a whole.

Explanation:

Private Not-for-profit organization as the term implies, are not operating to make a profit therefore their financial statements will generally not include measures that are aimed at showing profit like profit making organizations.

They will instead focus on talking about the entire organization as whole and what it has done so far in the current period. This is what is required of them by U.S. GAAP.

You would like to have enough money saved to receive $80,000 per year in perpetuity after retirement for you and your heirs. How much would you need to have saved in your retirement fund to achieve this goal

Answers

Answer:

$1,000,000

Explanation:

The full question is shown below:

You would like to have enough money saved to receive $80,000 per year in perpetuity after retirement for you and your heirs. How much would you need to have saved in your retirement fund to achieve this goal? (Assume that the perpetuity payments start one year from the date of your retirement. The annual interest rate is 8 percent.)

In order to receive $80,000 per year forever, one needs to save the present value of the annual  cash flow using the present value formula for perpetuity as provided below:

PV of perpetuity=annual cash flow/annual interest rate

PV of perpetuity=$80,000/8%

PV of perpetuity=$1,000,000

A company purchased a computer system at a cost of $26,000. The estimated useful life is 8 years, and the estimated residual value is $4,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year

Answers

Answer:

the depreciation expense for the second year is $4,875

Explanation:

The calculation of the depreciation expense for the second year is given below:

First the depreciation rate should be

= 1 ÷ 8 × 2

= 25%

Now the first year depreciation is

= $26,000 × 25%

= $6,500

Now the second year depreciation should be

= ($26,000 - $6,500) × 2

= $4,875

Hence, the depreciation expense for the second year is $4,875

A project is expected to generate annual revenues of $132,100, with variable costs of $80,200, and fixed costs of $20,700. The annual depreciation is $4,750 and the tax rate is 35 percent. What is the annual operating cash flow

Answers

Answer:

$21,943

Explanation:

Calculation to determine the annual operating cash flow

Using this formula

Operating Cash Flow =(Annual Revenue-Variable costs - Fixed costs)×(1-Tax rate)+( Annual depreciation×Tax rate )

Let plug in the formula

Operating Cash Flow =[ ($132,100 - $80,200 - $20,700) x (1 - 0.35)]+ ($4,750 x 0.35)

Operating Cash Flow =

Operating Cash Flow =($31,200×0.65)+$1,663

Operating Cash Flow =$20,280+$1,663

Operating Cash Flow =$21,943

Therefore the annual operating cash flow is $21,943

QS 8-7 Computing revised depreciation LO C2 On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.

Answers

Answer:

$23,925 for both the second and third years

Explanation:

Depreciation is the systemic recognition of the cost of an asset in the profit or loss statement. It is an expense.

Depreciation may be computed on a straight line basis as

Depreciation = (cost - salvage value)/estimated useful life

Given that Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000

Depreciation in the first year of use

= ($65,800 - $2,000)/4

= $15,950

The carrying amount at the start of the second year

= $65,800 - $15,950

= $49,850

Depreciation for the second year and 3rd year after the company realizes that this equipment will last only a total of three years

= ($49,850 - $2,000)/2

= $47,850/2

= $23,925

giả sử mối quan hệ giưa doanh thu và nỗ lực

Answers

Answer:

नजषनदजदनददजसकसककसकसकनसनसजसजसजसकस भने त्यो मस्त निद्रामा हिड्ने गरेको मेरो हो मेरो नाम बिबस कि भन्ने लाग्छ के भनौ भने पनि त्यो थाहा भयो कि भएन भन्ने कुरा पनि उल्लेख गर्नु रे ु च चय उनले सन् उo Bibas is hero DC COAII, y

A company has already incurred $7,200 of costs in producing 6,000 units of Product XY. Product XY can be sold as is for $31 per unit. Instead, the company could incur further processing costs of $10 per unit and sell the resulting product for $35 per unit. Should the company sell Product XY as is or process it further

Answers

Answer: Sell as is or lose $36,000

Explanation:

If the company sells as is, they could sell at a price of $31 per unit.

If they process further and sell at $35, they would incur a cost of $10 per unit which leaves them with profit of:

= 35 - 10

= $25

This is lower than the selling price if they sell as is and will therefore give a loss of:

= (31 - 25) * 6,000 units

=- $36,000

Company should sell as is so as not to lose $36,000

XYZ Confectionary has a number of store locations throughout North America. In income statements segmented by store, which of the following would be considered a common fixed cost with respect to the stores?

a. store manager salaries
b. store building depreciation expense
c. the cost of corporate advertising aired during the Super Bowl
d. cost of goods sold at each store
e. none of the above

Answers

Answer: c. the cost of corporate advertising aired during the Super Bowl

Explanation:

Commmon fixed cost simply means the cost that cannot be traced to a single department.

From the options given, it can be noted that the store manager salaries, store building depreciation expense and the cost of goods sold at each store can be identified separately for the stores.

On the other hand, the cost of corporate advertising aired during the Super Bowl is used for the promotion of the entire company, therefore, it's the common fixed cost.

A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adjusting entry for this company by completing the following sentence. The required adjusting entry would be to debit the Interest __________________ account and ___________________ the Interest ___________________ account.

Answers

Answer:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account.

Explanation:

The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.

In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.

Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.

Therefore, we have:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account.

EcoFabrics has budgeted overhead costs of $982,800. It has allocated overhead on a plantwide basis to its two products (wool and cotton) using direct labor hours which are estimated to be 468,000 for the current year. The company has decided to experiment with activity-based costing and has created two activity cost pools and related activity cost drivers. These two cost pools are cutting (cost driver is machine hours) and design (cost driver is number of setups). Overhead allocated to the cutting cost pool is $374,400 and $608,400 is allocated to the design cost pool. Additional information related to these pools is as follows.\
Wool Cotton Total Machine hours 104,000 104,000 208,000 Number of setups 1,040 520 1,560 Calculate the overhead rate using activity based costing. (Round answers to 2 decimal places, e.g. 12.25.)
Overhead rates for activity-based costing Cutting $________per machine hour Design $_______per setup
Determine the amount of overhead allocated to the wool product line and the cotton product line using activity-based costing.
Wool product line Cotton product line Overhead Allocated $____________ for the wool product line $__________ cotton product line.
Calculate the overhead rate using traditional approach. (Round answer to 2 decimal places, e.g. 12.25.) Overhead rates using the traditional approach $ _____________per direct labor hour

Answers

Answer:

Hence the answer is given as follows,

Calculation of Activity rate:-

When the selling division in an internal transfer has unsatisfied demand from outside customers for the product that is being transferred, then the lowest acceptable transfer price as far as the selling division is concerned is:

Answers

Answer: c. the market price charged to outside customers

Explanation:

When a division is able to sell its products to customers outside the company for a certain price but instead has to transfer these to another division in the company, the minimum transfer price will have to be the selling price to the customers outside so that the division would not make losses.

The division that this good is transferred to will then reflect the cost of acquiring the goods as that selling price. This cost will be accounted for when the new division wants to sell their own goods that way this cost will be recuperated on a company level.

Again, Inc. bonds have a par value of $1,000, a 25 year maturity, and an annual coupon rate of 16.0% with annual coupon payments. The bonds are currently selling for $873. The bonds may be called in 4 years for 116.0% of par. What quoted annual rate of return do you expect to earn if you buy the bonds and company calls them when possible

Answers

Answer: 24.10%

Explanation:

The quoted annual rate of return that will be expected to be earned if one buys the bonds and company calls them when possible will be calculated thus:

Call price = 1160

Coupon rate = 16%

Number of compounding period per year = 1

Interest per period = 1000 × 16% = 160

Bond price = 873

Number of years to sell = 4

NPER = 4

Quoted annual rate of return will be:

= Rate(NPER, PMT, -PV, FV)

= Rate(4160, -873, 1160)

= 24.10%

Conoly Co. has identified an investment project with the following cash flows. If the discount rate is 10 percent, what is the present value of these cash flows? What is the present value at 18 percent and at 24 percent? Year 1, 2, 3, and 4 Cash Flow $1,200, 600, 855 and 1,480 respectively

Answers

Answer:

Present Value when discount rate is 10% = $3240.01

Present Value when discount rate is 24% = $2432.40

Present Value when discount rate is 18% = $2,731.61

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = $1,200

Cash flow in year 2 = 600

Cash flow in year 3 = 855  

Cash flow in year 4 = 1,480

Present Value when discount rate is 10% = $3240.01

Present Value when discount rate is 24% = $2432.40

Present Value when discount rate is 18% = $2,731.61

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Gutierrez Company is constructing a building. Construction began in 2014 and the building was completed on December 31, 2014. Gutierrez made payments to the construction company of $2,500,000 on 7/1/14, $5,500,000 on 9/1/14, and $5,000,000 on 12/31/14. What is the amount of weighted average accumulated expenditures

Answers

Answer:

$3,083,333.33

Explanation:

Weighted average accumulated expenditures = ($2,500,000*6/12) + ($5,500,000*4/12)

Weighted average accumulated expenditures = $1,250,000 + $1,833,333.33

Weighted average accumulated expenditures = $3,083,333.33

So, the amount of weighted average accumulated expenditures is $3,083,333.33.

The differences between actual and standard costs are called __________ variances. cost profit quantity volume 2. A favorable cost variance results when actual cost is greater than standard cost at actual volumes. actual cost is less than standard cost at actual volumes. actual cost is equal to standard cost at actual volumes. actual cost is greater than standard cost at budgeted volumes.

Answers

Answer:

1. The differences between actual and standard costs are called

__________

variances.

2. A favorable cost variance results when

actual cost is less than standard cost

Explanation:

The cost variance is the difference calculated when either the actual cost is less than the standard cost or the standard cost is less than the actual cost.  If they are equal, there is no variance.  Variance reporting helps management to initiate corrective measures.  It helps to improve performance, output, or workers' productivity.

While preparing your risk responses, you identify additional risks. What should you do? Add reserves to the project to accommodate the new risks and notify management. Document the risk and calculate the expected monetary value based on the probability and impact of the occurrences. Determine the risk events and the associated costs, then add the cost to the project budget as a reserve. Add 10 percent contingency to the project budget and notify the customer

Answers

Answer: Document the risk and calculate the expected monetary value based on the probability and impact of the occurrences.

Explanation:

Risk response refers to the development of strategic options to reduce the threats and enhance opportunities to the objectives of the project.

It should be noted that when new risks are identified, such risks go through the process of risk management and one needs to be able to know the risk probability and risk impact and then get to curtail them.

Green Caterpillar Garden Supplies Inc. is considering a one-year project that requires an initial investment of $600,000; however, in raising this capital, Green Caterpillar will incur an additional flotation cost of 2%. At the end of the year, the project is expected to produce a cash inflow of $840,000. The rate of return that Green Caterpillar expects to earn on the project after its flotation costs are taken into account is:________
a. 29.80
b. 22.35
c. 37.25
d. 33.53

Answers

Answer:

c. 37.25%

Explanation:

Calculation to determine what Caterpillar expects to earn on the project after its flotation costs are taken into account is

First step

Net investment = Additional investment*(1 + Flotation cost rate)

Net investment= $600,000*(1 + 0.02)

Net investment= $612,000

Now let Compute the rate of return (ROR), using this formula

ROR = (Cash inflows – Net investment)/ Net investment

Let plug in the formula

ROR = ($840,000 - $612,000)/ $612,000

ROR = $228,000/ $612,000

ROR=37.25%

Therefore Caterpillar expects to earn on the project after its flotation costs are taken into account is 37.25%.

Broker Brad accidentally deposited his commission in the trust fund account instead of his business account. Because it remained in the account for more than 25 days, he is guilty of:

Answers

Answer:

Commingling non-trust funds with trust funds

Explanation:

Trust funds

This is simply known as money or other valuable items that is received by the broker on behalf of another individual.

Non-trust funds

This are simply real estate commissions, general operating funds, rents and deposits.

Commingling

This is simply the act of combining a client's money with the agent's personal funds and it is illegal. It is the act of putting or depositing rent and security deposit into the trust account. When a Commissioner audits the account and sees either commingling of trust funds, the court may issue an order to restrain the broker from further mishandling of trust funds and from practicing real estate. It is a violation of real estate law if the trust account is commingled and it is considered commingling when the trust funds are first deposited into the general brokerage account and then transferred to the trust account.

If a licensee is found guilty of conversion of trust funds

1. There will be a revoke the license of the licensee.

2. The assets of the licensee may be sold to recover the converted funds.

3. The receiver account may be imposed on the licensee's assets in order to find and recover the converted funds.

Explain what unearned revenues are by choosing the correct statement below. Multiple choice question. Unearned revenues refer to income reported on the income statement. Unearned revenues refer to cash received in advance of providing a service or product. Unearned revenues refer to amounts owed to the company that have not yet been billed. Unearned revenues refer to customer payments which have not yet been received.

Answers

Answer:

Unearned revenues refer to cash received in advance of providing a service or product.

Explanation:

The unearned revenue is the amount i.e. collected in advance prior a service or the product is to be delivered. The same is to be shown as the liability on the balance sheet

So it is the cash received in advance before providing the service or product

Therefore the above statement represent an answer

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