If the fed lowers the reserve requirement, what will happen? a. banks will be able to give out more loans. b. people will have less spending power. c. banks will make changes to the fees they charge customers. d. the money supply will grow more slowly.

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?