The most recent financial statements for bello, inc., are shown here: income statement balance sheet sales $ 38,000 assets $ 137,000 debt $ 38,000 costs 26,200 equity 99,000 taxable income $ 11,800 total $ 137,000 total $ 137,000 taxes (22%) 2,596 net income $ 9,204 assets and costs are proportional to sales; debt and equity are not. a dividend of $2,900 was paid, and the company wishes to maintain a constant payout ratio. next year’s sales are projected to be $42,560. what is the external financing needed

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.