A firm has the following balance sheet and income statement numbers for 2020: Sales re venue $4,000 Cost of goods sold $2,700 Accounts receivable 500 Preferred stock dividends 18 280 30% Interest expense Total operating expenses Accounts payable Tax rate 400 Number of shares of common 1,000 240 stocks outstanding The firm's net income is $396 $320 $412 $434

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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.