Prepare a 2020 income statement for Crane Corporation based on the following information: Cost of goods sold Operating expenses Other expenses and losses Sales revenue Tax rate $460,000 104,000 32,500 725,000 30%

Q: Prev

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A:

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Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.