In 2007 before the financial crisis, the currency to deposit ratio 1.2, required reserve ratio plus excess reserve ratio is 0.05. the total money supply measured by M1 in 2007 was 1.4 trillion dollar.

(1) Calculate the value of the money multiplier and the value of the money base?

(2) During the financial crisis, the U.S. central bank purchase a large amount of assets, including long term government bonds and mortgate based securities, to provide liquidity to the market and rebuild the market confidence. The money base increases to 2 trillion dollar in January, 2010. If the money multiplier does not change from 2007 to 2010, what is the money 1 supply measured by M1 in January, 2010?

(3) The actual official reported M1 in January 2010 was $1.7 trillion dollar. Given this number, what is the money multiplier in January, 2010? Explain why there is such a significant difference between the official reported M1 and the M1 you calculated in question (2)?

ROK Corporation's December 31, 2010 balance sheet showed the following:

Preferred Stock - $150,000
Common Stock - $400,000
Paid-in Capital excess of par value - preferred stock - $80,000
Paid-in Capital excess of par value-common stock - $800,000
Retained Earnings - $1,500,000
Treasury stock - $150,000

1. What is the total amount of Paid-in Capital as of December 31?

2.  What is the total amount of Stockholders' Equity as of December 31?

3. Which of the following statements is TRUE regarding a 2-for-1 stock split?

a. Total contributed capital decreases

b. Par value per share will be twice the amount of what it was before the split.

c. A stockholder with ten shares before the split owns twenty shares after the split.

d. The market price of the stock will probably increase.

what is innovation?
types of innovation?
uses of innovation?
and other useful information related to innovation?
please mention the references too?

what is innovation?
types of innovation?
uses of innovation?
and other useful information related to innovation?
please mention the references too?

The merger between United Airlines and Continental Airlines. Although the merger was initiated in 2010 many issues still exist today in 2020 related to that merger.

What items of value did Continental bring to the merger that will not be recorded in the acquisition? How will the items of value that Continental brought to the merger in #3 affect future reported income for the combined firm?

"In a very real sense, freedom of association is the foundation of the collective bargaining process. There must also be legal protection of the freedom of person to join a collective bargaining entity - this is what freedom of association is all about" Do you agree with the above quotation? Motivate your answer with reference to the protection of freedom of association of employees.

Pro forma income statement. The marketing department of Metroline Manufacturing estimates that its sales in 2020 will be $1.64 million. Interest expense is expected to remain unchanged at $37,000​, and the firm plans to pay $69,000 in cash dividends during 2020. Metroline​ Manufacturing's income statement for the year ended December​ 31, 2019​, is given below​, along with a breakdown of the​ firm's cost of goods sold and operating expenses into their fixed and variable components.

Income Statement

Sales Revenue 1,405,000

Less: Cost of goods sold 914,000

Gross profits 491,000

Less: Operating expenses 110,000

Operating Profits 381,000

Less: Interest Expense 37,000

Net profits before taxes 344,000

Less: Taxes (rate= 40%) 137,600

Net profits after taxes 206,400

Less: cash dividends 68,000

To retained earnings 138,400

Breakdown of Cost and Expenses

Cost of goods sold

Fixed Cost 212,000

Variable Cost 702,000

Total Cost 914,000

Operating Expenses

Fixed expenses 37,000

variable expenses 73,000

Total expenses 110,000

A. Use the ​percent-of-sales method to prepare a pro forma income statement for the year ended December​ 31, 2020. Complete the pro forma income statement for the year ended December​ 31, 2020 ​below: (Round the percentage of sales to four decimal places and the pro forma income statement amounts to the nearest​ dollar.)

B. Use fixed and variable cost data to develop a pro forma income statement for the year ended December​ 31, 2020. Complete the pro forma income statement for the year ended December​ 31, 2020 ​below: (Round the percentage of sales to four decimal places and the pro forma income statement amounts to the nearest​ dollar.)

C. Complete the following statements:

The pro forma income statement developed using the fixed and variable cost data projects a (enter either 'higher' or 'lower')  net profit after taxes due to (enter either 'higher' or 'lower')  cost of goods sold and operating expenses. Although the​ percent-of-sales method projects a more (enter either 'conservative' or 'aggressive')  estimate of net profit after​ taxes, the pro forma income statement that classifies fixed and variable cost is (enter either 'less' or 'more')  accurate.

Statement of Partnership Liquidation

After the accounts are closed on April 10, prior to liquidating the partnership, the capital accounts of Zach Fairchild, Austin Lowes, and Amber Howard are $37,400, $6,600, and $29,700, respectively. Cash and noncash assets total $9,600 and $74,100, respectively. Amounts owed to creditors total $10,000. The partners share income and losses in the ratio of 1:1:2. Between April 10 and April 30, the noncash assets are sold for $39,300, the partner with the capital deficiency pays the deficiency to the partnership, and the liabilities are paid.

Required:

1. Prepare a statement of partnership liquidation, indicating (a) the sale of assets and division of loss, (b) the payment of liabilities, (c) the receipt of the deficiency (from the appropriate partner), and (d) the distribution of cash.

Enter any subtractions (balance deficiencies, payments, cash distributions, divisions of loss, sale of assets) as negative numbers using a minus sign. If there is no amount or an amount is zero, enter "0".

2. Assume the partner with the capital deficiency declares bankruptcy and is unable to pay the deficiency.

a. Journalize the entry to allocate the partner's deficiency. For a compound transaction, if an amount box does not require an entry, leave it blank.

b. Journalize the entry to distribute the remaining cash. For a compound transaction, if an amount box does not require an entry, leave it blank.