In the United States, the service sector accounts for approximately ________ % of the United States GDP.
A. 70
B. 75
C. 80
D. 85
Answer: C
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An increase in interest rates
A. decreases the M2 money multiplier. B. decreases the ratio of excess reserves to transaction accounts held by banks C. increases the money supply for a given amount of monetary base. D. increases the ratio of excess reserves to transaction accounts held by banks
A customer got a great haircut at a salon and went back six weeks later to the same person to get a second haircut. This time, the customer received one of the worst haircuts of his life
The difference between the two haircuts is due to the ________ characteristic of services. A) perishability B) responsiveness C) personalization D) variability E) inseparability
Karl loaned Linda $100,000 . Madeline agreed to act as surety for $100,000 . Nora agreed to act as surety for $75,000 and Orville agreed to act as surety for $25,000 . Linda later defaulted on the loan, and Karl is now demanding payment from Nora and Orville. What amount do Nora and Orville have to pay? If Nora and Orville pay, does Madeline have any obligation? Explain
Lafromboise Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 6%Tax rate 30%Expected life of the project 4 Investment required in equipment$240,000 Salvage value of equipment$0 Working capital requirement$10,000 Annual sales$690,000 Annual cash operating expenses$490,000 One-time renovation expense in year 3$100,000 The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.The total cash flow net of income taxes in year 2 is:
A. $88,000 B. $158,000 C. $200,000 D. $140,000