Assume that the following asset values (in millions of dollars) exist in Ironmania: Category Value
[Federal Reserve Notes in circulation $850]
[Money market mutual funds (MMMFs) held by individuals $400]
[Corporate bonds $300]
[Iron ore deposits $50]
[Currency in commercial banks $110]
[Savings deposits, including money market deposit accounts (MMDAs) $140]
[Checkable deposits $1,600]
[Small-denominated (less than $100,000) time deposits $100]
[Coins in circulation $40]

a. What is M1 in Ironmania?

b. What is M2 in Ironmania?

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?

Royal motor corp. generates a major portion of its revenues by manufacturing luxury sports cars. however, the company also derives an insignificant percent of its annual revenues by selling its sports merchandise that includes apparel, shoes, and other accessories under the same brand name. which of the following terms best describes royal motor corp.? a. aconglomerate b. a subsidiary c. adominant-businessfirm d. a single-business firm