Business, 18.12.2019 01:31 Nextlevel3
On january 1, 2001, el salvador "dollarized" its economy. the u. s. dollar circulated throughout the country along with the salvadoran colon for the first year. by the end of 2002 the official currency circulating in this economy was the u. s. dollar. el salvador abandoned its own currency and adopted the currency of the united states because:
a. the government would no longer be able to finance deficits by printing money, and inflation would be under control.
b. the government would still be able to run deficits by printing money.
c. with dollars, monetary policy would be more effective at offsetting demand shocks in the economy.
d. the government would still be able to finance deficits by printing u. s. dollars, and inflation would be under control.
Answers: 1
Business, 22.06.2019 00:30
Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150
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Business, 22.06.2019 01:20
What cylinder head operation is the technician performing in this figure?
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Business, 22.06.2019 19:30
Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
Answers: 3
On january 1, 2001, el salvador "dollarized" its economy. the u. s. dollar circulated throughout the...
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