Sandhill Inc. incurred the following costs during the year ended December 31, 2021: Laboratory research aimed at discovery of new knowledge $294000 Costs of testing prototype and design modifications 67000 Quality control during commercial production, including routine testing 264000 of products Construction of research facilities having an estimated useful life of 6 years but no alternative future use 312000 The total amount to be classified and expensed as research and development in 2021 is:

a. $677000.
b. $937000.
c. $413000.
d. $673000.

Select the correct answer. after the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy? a. the interest rate on loans will fall. b. people will demand more foreign goods. c. people will start borrowing more money. d. the economy will face inflation. e. foreign investments will increase.