On december 31, 2016, green company finished consultation services and accepted in exchange a promissory note with a face value of $550,000, a due date of december 31, 2019, and a stated rate of 5%, with interest receivable at the end of each year. the fair value of the services is not readily determinable and the note is not readily marketable. under the circumstances, the note is considered to have an appropriate imputed rate of interest of 10%.

the following interest factors are provided: interest rate table factors for three periods 5% 10%

qs) prepare a schedule of note discount amortization for green company under the effective interest method.

date 12/31/16 12/31/17 12/31/18 12/31/19 cash interest (5%) effective interest (10%) discount amortized unamortized discount balance present value of note 27500 27500 27500 82500

future value of 1 1.15763 // 1.33100

present value of 1 0.86384// 0.75132

future value of ordinary annuity of 1 3.15250 //3.31000

present value of ordinary annuity of 1 2.72325// 2.48685

What happens when a bank is required to hold more money in reserve?

Jamie lee is reviewing her finances one month later. she has provided the actual amounts paid below. use the cash budget table below to her identify the variances in her budget. each answer must have a value for the assignment to be complete. enter "0" for any unused categories. actual amounts income: monthly expenses: gross monthly salary $2,315 rent obligation $260 net monthly salary $1,740 utilities/electricity $130 savings allocation: utilities/water $10 regular savings $130 utilities/cable tv $155 rainy-day savings $20 food $160 entertainment: gas/maintenance $205 cake decorating class $90 credit card payment $25 movies with friends $50 car insurance $75 clothing $145 budgeted amounts assets: monthly expenses: checking account $1,850 rent obligation $225 emergency fund savings account $4,300 utilities/electricity $75 car $5,200 utilities/water $35 computer & ipad $1,100 utilities/cable tv $120 liabilities: food $115 student loan $6,600 gas/maintenance $95 credit card balance $1,000 credit card payment $45 income: car insurance $45 gross monthly salary $2,155 clothing $45 net monthly salary $1,580 entertainment: savings allocation: cake decorating class $90 regular savings $130 movies with friends $50 rainy day savings $20

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?