Question 10: Which of the following Fed actions would decrease the money supply? a. Lowering the reserve requirement b. Raising the reserve requirement c. Decreasing the discount rate d. Buying bonds

If you borrow \( \$ 500 \) for 6 months at \( 2 \% \) annual simple interest, how much must you repay at the end of the 6 months?

If you want to earn \( 4 \% \) annual simple interest on an investment, how much should you pay for a note that will be worth \( \$ 18,500 \) in 10 months? (Round your answer to two decimal places.) \( \$ \) Read It

What amount, \( A \), will our account have after 5 years if it earns an annual rate of \( 5 \% \) compounded quarterly if we started with \( \$ 650 \). Round to the nearest cent. \( A=\$ \)

E6-23A. (Learning Objective 2: Compare gross profit-FIFO versus LIFO-falling prices) Suppose a Walmart store in Fillmore, Missouri, ended January 2024 with 900,000 units of merchandise that cost \( \$ 5 \) each. Suppose the store then sold 50,000 units for \( \$ 510,000 \) during February. Further, assume the store made two large purchases during February as follows: Feb \( 10 \quad \begin{array}{rr}10,000 \text { units @ } \$ 3.10=\$ 31,000 \\ 21 & 25,000 \text { units @ } \$ 2.20=\$ 55,000\end{array} \) Requirements 1. Calculaté the store's gross profit under both FIFO and LIFO at February 28. 2. What caused the FIFO and LIFO gross profit figures to differ?

Natura Company manufactures umbrella using rented machinery. Rental charges are RM15,000 per year, plus RM1 for each machine hour used. over 10,000 hours. Calculate the total cost if machine is used for: a. 8,000 hours b. 20,000 hours