I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!
2016 claims the full $2,500<span> deduction if your modified adjusted gross income is </span>$65,000<span> or less. The deduction is gradually reduced when your modified adjusted gross income is between </span>$65,000<span> and </span><span>$80,000</span>
Answer:
15.6%
Explanation:
Investment = $3200
Net savings = $500
Investment returns in % = Net savings/Investment × 100
= 500/3200 × 100
= 0.15625 × 100
= 15.6%
Answer:
The answer is given below;
Explanation:
Highlight Construction Company
Summarized Income Statement
For the year December 31, 2014
Amount in $
Sales Revenue 117,000
Expenses (86,200)
Net Income before taxes 30,800
Income Tax Expense (30,800*30%) (9,240)
Net Income <u>21,560</u>
As per requirement of the question, only summarized income statement is prepared.
Answer:
A. Application controls
Explanation:
Application control refers to the practice that looks in the security issues that lingers over the data. It helps in restricting or blocking the applications that are unauthorized to become a threat to data security. When the data is transferred or shared among different applications, the application control helps in performing the function of a safeguard.
