Bank Three currently has $950 million in transaction deposits on its balance sheet. The Federal Reserve has currently set the reserve requirement at 6 percent of transaction deposits.

a. If the Federal Reserve decreases the reserve requirement to 4 percent, show the balance sheet of Bank Three and the Federal Reserve System just before and after the full effect of the reserve requirement change. Assume Bank Three withdraws all excess reserves and gives out loans and that borrowers eventually return all of these funds to Bank Three in the form of transaction deposits.

panel A initial balance sheets: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three:

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

panel B: balance sheet after all changes: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

b. Redo part (a) using a 10 percent reserve requirement.

panel A initial balance sheets: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three:

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

panel B: balance sheet after all changes: federal reserve bank:

Assets:______ Millions Liabilities _____________ millions

bank three

Assets:______ Millions Liabilities _____________ millions

Assets:______ Millions

Question

1. For Matrix A = 4 12 3, if g (X) = X² +4X +2, what is the answer to g(A)?
2. Using algebra, find the solution to the system of inequalities below

                      y ≤ 5-3x

                y + 19 ≥ x² -8x       

3. What is peculiar about the slope of a function before and after a point of inflection as compared with the slope before or after a maximum or minimum point?

4. Suppose that the satisfaction received from a number of rides taken on a roller coaster is given by the function S(x) = 200 2x+13x+4^0.5 , where S is the satisfaction received and x is the number of rides taken.

5. Find the rate at which the satisfaction changes with respect to the number of rides taken

   Question

6. For Matrix A = 4 12 3, if g (X) = X² +4X +2, what is the answer to g(A)?
7. Using algebra, find the solution to the system of inequalities below

8.                       y ≤ 5-3x

                   y + 19 ≥ x² -8x       

                               

9. What is peculiar about the slope of a function before and after a point of inflection as compared with the slope before or after a maximum or minimum point?
11. Suppose that the satisfaction received from a number of rides taken on a roller coaster is given by the function S(x) = 200 2x+13x+4^0.5 , where S is the satisfaction received and x is the number of rides taken.
13. Find the rate at which the satisfaction changes with respect to the number of rides taken

TravelToday, Inc., disclosed the following rounded amounts (in thousands) concerning the Allowance for Doubtful Accounts on its Form 10-K annual report.

Required:

1. 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2014 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance.

   	Allowance for Doubtful Accounts Beg. Bal. End. Bal.

2. 1-b. Write the T-account in equation format to prove the above items account for the changes in the account.

   Write the T-account in equation format to prove the above items account for the changes in the account. (Enter your answers in thousands.)

   	Beginning Balance + – = Ending Balance + – =

3. 1-c. Record summary journal entries for 2015 related to (a) estimating Bad Debt Expense and (b) writing off specific customer account balances.

4. 1-d. Supply the missing information for 2016.

5. 1-e. If TravelToday had written off an additional $22 of Accounts Receivable during 2016, by how much would Net Receivables have decreased? How much would Net Income have decreased?

Suppose rRF = 3%, rM = 10%, and bi = 1.4. What is ri, the required rate of return on Stock i? Round your answer to two decimal places. % 1. Now suppose rRF increases to 4%. The slope of the SML remains constant. How would this affect rM and ri? Both rM and ri will remain the same. Both rM and ri will increase by 1%. rM will remain the same and ri will increase by 1%. rM will increase by 1% and ri will remain the same. Both rM and ri will decrease by 1%. 2. Now suppose rRF decreases to 2%. The slope of the SML remains constant. How would this affect rM and ri? Both rM and ri will increase by 1%. Both rM and ri will remain the same. Both rM and ri will decrease by 1%. rM will decrease by 1% and ri will remain the same. rM will remain the same and ri will decrease by 1%. 1. Now assume that rRF remains at 3%, but rM increases to 11%. The slope of the SML does not remain constant. How would these changes affect ri? Round your answer to two decimal places. The new ri will be %. 2. Now assume that rRF remains at 3%, but rM falls to 9%. The slope of the SML does not remain constant. How would these changes affect ri? Round your answer to two decimal places. The new ri will be %.

In order to study the activity of enzyme X, cells were treated with either glucagon, dibutyryl cAMP, glucagon plus H-8, or glucagon with D-2 at does to achieve a maximal effect. The activity and concentration of enzyme X were then assayed in dilute cell-free extracts. Dibutyryl cAMP is an analog of cAMP that diffuses across cell membranes more easily than does cAMP itself. H-8 is a selective inhibitor of protein kinase A. D-2 is a selective inhibitor of CREB. The results are shown in the following table.

It can be inferred from these results that glucagon most likely acts to _____________ and the changes or part of the changes in activity of enzyme X are most likely mediated by _____________ .

Select one:

a. increase the catalytic efficiency of enzyme X not through protein kinase A; elevated cAMP level

b. increase the catalytic efficiency of enzyme X through protein kinase A; stimulate transcription of the gene for enzyme X

c. cannot be determined

d. increase the catalytic efficiency of enzyme X not through protein kinase A; stimulate transcription of the gene for enzyme X

e. increase the catalytic efficiency of enzyme X through protein kinase A; elevated cAMP level

In a far away and long ago, there are only two weather states, rain and sun. If it's sunny today the probability it's be sunny tomorrow is 0.8. If it's rainy today the probability it'll be sunny tomorrow is 0.4. Weather changes are well described by a Markov chain. a) It's sunny today, and tomorrow is the start a 4-day holiday. What is the probability that all 4 days are sunny? b) A parade scheduled for the last day of the holiday. What is the probability of rain on the parade? c) A royal wedding is planned for one year (365) from today. If it's an outdoor wedding what is the probability the wedding gets rained out.

Hint: This is the steps. Thank you

n a land far away and long ago, there are only two weather states, rain and sun. If it's sunny today the probability it'll be sunny tomorrow is 0.8. If it's rainy today the probability it'll be sunny tomorrow is 0.4. Weather changes are well described by a Markov chain. (a) It's sunny today, and tomorrow is the start a 4 - day holiday. What is the probability that all 4 days are sunny? (b) A parade scheduled for the last day of the holiday. What is probability of rain on the parade? (c) A royal wed ding is planned for one year (365 days) from today. If it's an outdoor wedding what is the probability the wedding gets rained out

The following cost functions apply to X Company's regular production and sales during the year:

  Cost of goods sold:   $5.41 (X) + $122,760

  Selling and administrative expenses:   $1.43 (X) + $67,580

where X is the number of units produced and sold. During the year, X Company sold 62,000 units for $17.00 each. At the end of the year, a company offered to buy 4,230 units but was only willing to pay $11.00 each. X Company had the capacity to produce the additional 4,230 units.

5. If X Company had accepted the special order, firm profits would have increased by $17,597

6. Consider the following three changes. Direct material costs on the special order would have increased by $0.79 per unit, direct labor costs on the special order would have decreased by $0.38 per unit, and X Company would have had to rent special equipment for $1,000. Independent of your answer to (5), the effect of these changes would have been to reduce profit on the special order by $2,734

7. In order to retain all of X Company's regular customers, it would have had to reduce the regular selling price by $0.50. If the selling price were reduced and next year's unit sales turned out to be the same as this year's sales, firm profits would have fallen by

1a. A small diner serves sandwiches and beverages. Which of the following is a variable cost with respect to the number of customers?

a. Rent

b.Soda

c.New dishwasher

d.All of the above

1b. A firm manufactures luxury automobiles. Which of the following is a product cost?

a.CEO salary

b.Sales commissions

c.Advertising

d.Windshields

1c.Within the relevant range, variable costs can be expected to:

a.increase on a per unit basis as the activity level decreases.

a.remain constant in total as the activity level changes.

c.increase on a per unit basis as the activity level increases.

d.vary in total in direct proportion to changes in the activity level.

1d.Which of the following is true at a firm's break-even point?

a.Profit is zero

b.Total revenue equals total cost

c.Total contribution margin equals total fixed cost

d.All of the above

1e.A corporation has provided the following contribution format income statement

Sales (1,000)                                 $50,000
Variable expense       $32,500
Contribution margin              $17,500
Fixed expenses                             12,250
Net Operating Income            $ 5,250

The break-even point in unit sales is closest to:

a.0 units

b.895 units

c.650 units

d.700 units

1f.A company has the following information:

Income tax rate                        25%
Selling price per unit         $8.00
Variable cost per unit       $5.00
Total fixed costs      $100,000

The contribution margin per unit is:

a.$3.00

b.$2.00

c.$5.00

d.$8.00

For a hypothetical country, assume the current unemployment rate is 3.8% and the NRU is 4.5%. Actual GDP is $612 billion but Potential (full-employment) GDP is $600 billion. Assume prices are flexible upward but inflexible downward. It has been noted that there is a $7.50 change in consumption spending for every $10 change in income (real GDP).

a. In what phase of the business cycle is this economy? Explain. What do you expect is occurring with the rate of inflation?

b. What specific (increase or decrease; $ amount) discretionary fiscal policy changes could Congress pass to achieve full employment GDP?

i. G:

ii. T:

iii. Combination

c. Under the original conditions, in what way would the built-in stabilizers (automatic fiscal policy) change the federal budget (toward deficit or surplus)?

d. What specific monetary policy changes might the Fed consider in order to stabilize the economy:

i. Open Market Transactions: Buy or Sell? As a result, what happens to the Fed Funds rate?

ii. Reserve Requirement: Increase or Decrease? How likely is the Fed to change this? Why?

iii. Discount Rate: Increase or Decrease?

iv. Interest on Bank Reserves Deposited at the Fed: Increase or Decrease?

e. Briefly describe how the open market transactions you chose (buy or sell) would work to affect the economy.