Consider the following data: Reserve requirement 8%
Currency in circulation $1,400 billion
Deposits $2,200 billion
Excess reserves $2,500 billion
What would be the increase in M1 if the money base increases by $250 million?
a) $409 million
b) $338 million
c) $221 million
d) $218 million

The solution set for -18 < 5x-3 iso-3х3< xо-3хo3 > x

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

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