Acompany purchased $3,400 worth of merchandise. transportation costs were an additional $300. the company returned $235 worth of merchandise and then paid the invoice within the 1% cash discount period. the total cost of this merchandise is:

company purchased $3,400 worth of merchandise
transportation costs were an additional $300
the company returned $235 worth of merchandise
then paid the invoice within the 1% cash discount period = 100 - 1 = 99% = 0.99
total cost of this merchandise=

[($3,400 - $235) x .99] + $300 = $4,000.50

= [3165 x 0.99] +$300

= 3133.35 + $300

= $3433.35

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.