A cash budget for the first three quarters of Brister Incorporated is given below (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. If necessary, the company will borrow money from its bank to maintain this balance. The company will pay no interest in Quarters 1, 2, and 3. It will repay as much of its borrowings as possible as soon as it has more than $5,000 in cash in a given quarter. Suppose the company starts the first quarter with no bank debt. How much total bank debt does the company expect to have at the end of the third quarter?

A cash budget for the first three quarters of Brister Incorporated is given below (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. If necessary, the company will borrow money from its bank to maintain this balance. The company will pay no interest in Quarters 1, 2, and 3. It will repay as much of its borrowings as possible as soon as it has more than $5,000 in cash in a given quarter. Suppose the company starts the first quarter with no bank debt. How much total bank debt does the company expect to have at the end of the third quarter?

Multiple Choice

• $16,000

• $40,000

• $6,000

• $50,000

canadian tax 2019-2020

John commenced employment at ABC Ltd. on February 1, 2019. He had lived in an apartment until May 2019, at which time he purchased a new house. Under the terms of his employment, he received a housing loan on May 1, 2019 of $80,000 at a rate of 2 percent. He pays the interest on the loan on a monthly basis. Assume the 2019 prescribed interest rates applicable to employee loans are as follows:

First quarter                                                                                5%

Second quarter                                                                           4%

Third quarter                                                                              3%

Fourth quarter                                                                            3%

What is John’s taxable benefit on the above loan for 2019?

1. Suppose that from 2020 to 2025, the price level rises at a rate of 3% per year.
   1. [1] In 2025, real GDP is equal to potential, so there is no output gap. Workers and employers are bargaining the wage for the next year.

If they are backward-looking, are wages likely to increase? If so, by how much?

2. [1] Given your answer in a, will there also be an increase in the price level next year (inflation)? If so, by how much?

3. [1.5] Suppose that in 2026, an inflationary output gap opens. Workers and employers once again bargain the wage increase for the next year.

Compared to the past year (in part b), do you think that inflation will be higher or lower than in 2025?

4. [1.5] In 2027, there is still an output gap. The price of energy—an important input—increases.

Will this affect inflation? If so, will the inflation rate be higher or lower than in 2026?

13.Which of the following are constraints on deposit creation?

1. The decision by banks to stop lending money to qualified borrowers
2. All of the above
3. The decision by consumers, businesses, and governments to stop borrowing
4. The decision by consumers and businesses to take money out of transactions accounts and hold it as cash

14.Which of the following is an example of fiscal policy?

1. All of the above
2. A change in government spending on goods and services
3. A change in taxes that affects investment spending
4. A change in taxes that affects consumer spending

15.According to the foreign trade effect, when the U.S. price level decreases, U.S. consumers are likely to buy

1. Less of all products, both American made and foreign made
2. More foreign-made products
3. More American-made products
4. Different American-made products

Which of the following will increase both the price level and real GDP?

Group of answer choices

A nationwide drought that drives up the prices of agricultural products

A reduction in government spending for goods and services

Greater optimism among business executives

The aggregate demand curve is

Group of answer choices

Downward sloping because a reduction in the price level leads to a lower interest rate, causing consumption and investment spending to increase

Downward sloping because a reduction in the price level leads to a higher interest rate, causing consumption and investment spending to increase

Upward sloping because as output is expanded shortages of resources are encountered which cause prices to rise

When inflation is steady and low, the rate at which prices rise is

Group of answer choices

difficult to predict

easy to predict

A rotating cylindrical rod of mass m=4 Kg and length l=1 meter is connected to a falling weight of 300 grams with a 2 meters string (Maximum distance covered by the falling weight). The distance from the wound string to the axis of rotation is 300 mm. The time taken by the falling weight to halfway is 2 seconds and to the bottom is 3.7 seconds.

1. Calculate the angular momentum of the rod at both the points .
2. Explain the difference in the angular momentum at two points.

1. Today, you can buy a 15-year Treasury bond with a 3.8% coupon rate for $1067.49.  Show your work.

1. Calculate the Yield-to-Maturity for this bond
2. Assume the bond is callable 6 years from now for $1019. Based on this, calculate the Yield-to-Call for this bond
3. Assume that YOUR required return for this bond is 3.5% (and ignore the call provision). Based on this, what is the most YOU would be willing to pay? Given that, would you be interested in buying this bond at the current price of $1067.49? PLEASE SHOW CALCULATIONS

A man is planning to retire in 15 years. Money can be deposited at 4% interest compounded quarterly, and it is also estimated that the future general inflation rate will be 6% compounded annually. What amount of end-of quarter deposit must be made each quarter until the man retires so that he can make annual withdrawals of $80,000 in terms of today's dollars over the 20 years following his retirement? (Assume that his first withdrawal occurs at the end of the first six months after his retirement.)

A man is planning to retire in 15 years. Money can be deposited at 8% interest compounded quarterly, and it is also estimated that the future general inflation rate will be 6%. What amount of end-of-quarter deposit must be made each quarter until the man retires so that he can make annual withdrawals of $80,000 in terms of today's dollars over the 20 years following his retirement? (Assume that his first withdrawal occurs at the end of the first year after his retirement.) (Without using excel)