Suppose the reserve requirement is 15%. what is the effect on total checkable deposits in the economy if bank reserves increase by $60 billion?
a. $400 billion increase
b. $4 billion increase
c. $60 billion increase
d. $900 billion increase

What is the equity method balance in the investment in lindman account at the end of 2018?

On january 1, 2018, gless textiles issued $12 million of 9%, 10-year convertible bonds at 101. the bonds pay interest on june 30 and december 31. each $1,000 bond is convertible into 40 shares of gless’s no par common stock. bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 99 (that is, 99% of face amount). century services purchased 10% of the issue as an investment. on january 1, 2018, gless textiles issued $12 million of 9%, 10-year convertible bonds at 101. the bonds pay interest on june 30 and december 31. each $1,000 bond is convertible into 40 shares of gless’s no par common stock. bonds that are similar in all respects, except that they are nonconvertible, currently are selling at 99 (that is, 99% of face amount). century services purchased 10% of the issue as an investment. 3. on july 1, 2023, when gless’s common stock had a market price of $33 per share, century converted the bonds it held. prepare the journal entries by both gless and century for the conversion of the bonds (book value method).

Before you started applying for college, a job recruiter offered you a full-time cashier position at a doctor's office, earning an after-tax salary of $22,000 per year. however, you turn down this offer and attend your first year of college. the additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $34,000. you decide to go to college, probably because