Roberto designers was organized on january 1,2021. the firm was authorized to issue 100,00 shares of $5 par value common stock. during 2021, roberto had the following transactions relating to stockholder's equity:
issued 10,000 shares of common stock at $7 per share.
issued 20,000 shares of common stock at $8 per share.
reported a net income of $100,000.
paid dividends of $50,000.
purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8).
a) $270,000
b) $200,000
c) $300,000
d) $250,000

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?

How do communism and socialism differ in terms of the role that government plays in the economy ?