If a firm has fixed costs of $3,000, the price of its product is $4.00, and the per unit variable costs are $1.00, the break-even level of output is 3,000 units.
Answer the following statement true (T) or false (F)
False
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The reserve requirement is 0 percent on the first $8 million in transaction deposits, 3 percent on amounts between $8 million and $50 million, and 10 percent on amounts above $50 million. A bank with transaction deposits totaling $83 million has required reserves equal to
A. $2.49 million. B. $4.56 million. C. $6.54 million. D. $8.30 million.
Which “type” has a preference for hunches and speculative imagination?
a. Extraversion b. Intuition c. Thinking d. Feeling
To determine the amount of additional funds needed (AFN), you may subtract the expected increase in liabilities, which represents a source of funds, from the sum of the expected increases in retained earnings and assets, both of which are uses of funds.
Answer the following statement true (T) or false (F)
Risk is a rough assessment of whether there may be problems or difficulties developing the use case
Indicate whether the statement is true or false