Suppose that a small firm observes that large firms borrow directly from capital markets at a rate of 5%. However, the firm's search costs for finding a lender is 2% (per annum). A small lender (consumer) looking to place their funds directly (and hoping to earn 5%) with this small firm would need to underwrite the borrowing, potentially secure an interest in collateral, and monitor its performance afterwards. These activities would cost 2.5% on an annual basis for the small lender. A financial intermediary can make the borrower and lender both better off if they:

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

In macroeconomics, to study the aggregate means to study blank