A monopoly in a particular industry may be preferred to competition within that industry A. when it would be less costly for one firm rather than many firms to provide a good, as in a natural monopoly.
Natural monopolies occur when the industry exhibits significant economies of scale, meaning that the average cost of production decreases as output increases. This often arises in industries with high fixed costs and low marginal costs, such as utilities (water, electricity) and transportation networks. In these cases, having a single firm providing the service can lead to lower prices for consumers and increased efficiency, as the firm can take advantage of the cost reductions associated with large-scale production.
However, monopolies can also lead to negative consequences, such as reduced innovation, less choice for consumers, and potential abuse of market power. Therefore, it is essential to carefully consider the specific context and characteristics of an industry before deciding whether a monopoly would be preferred to competition.
It is worth noting that options B, C, and D do not necessarily support the preference for a monopoly. Option B states that a monopoly is never ideal, while options C and D emphasize the need for competition in certain situations, such as when markets are chaotic or when few firms exist in an industry. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
a. when, if ever, would a monopoly in a particular industry be preferred to competition within that industry?
A. When it would be less costly for one firm rather than many firms to provide a good, as in a natural monopoly.
B. It is never ideal to let a monopoly exist.
C. When too many firms are in an industry, and the market is too chaotic to receive clear price signals.
D. When only a few firms exist in an industry, so that the government must intervene to promote competition.
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what are the roles of financial manager ?
Answer:
hope it helps
Explanation:
A Financial Manager, or Finance Manager, builds financial strategies and reports to help companies improve their financial health and meet their long-term goals. Their main duties include preparing an organizations’ activity reports, creating financial forecasts and brainstorming ways to maintain or reduce company costs
The role of corporate support in event marketing has
in the past few decades.
a. Increased
b. Decreased
C. Remained status quo
d. Developed
A financial adviser suggests that his client select one of three types of bonds in which to invest $5000. • Bond X pays a return of 4% and has a default rate of 2%. • Bond Y has a 2.5% return and a default rate of 1%. • Bond Z pays a return of 5.1% and has a default rate of 3.1%. By comparing their expected return, which of the followings is correct? Hint: A bond pays a return of p% means the bond pays the investor p% of his investment per some time period. When the bond defaults, the investor loses all the investment, that is, letting $P be invested in a bond whose rate of return is p% and rate of default is 1%, this implies that • there's T% chance that the investor looses his investment (i.e., not only the bond doesn't return any, but also takes the investment), and • there's (1-100) % chance that the bonds returns the investor $P (per some time unit.) 100 Hence, the expected return is given by P100-(1+100) 100
a. Bonds X and Y would be the best and worst investments, respectively.
b. Bonds X and Z would be the best and worst investments, respectively. c. Bonds Y and X would be the best and worst investments, respectively. d. Bonds Y and Z would be the best and worst investments, respectively. e. Bonds Z and X would be the best and worst investments, respectively. f. Bonds Z and I would be the best and worst investments, respectively.
Based on the expected returns, Bond Z has the highest expected return, making it the best investment option. Bond Y has the lowest expected return. Hence, Option (F) is correct.
Let's calculate the expected return for each bond:
For Bond X:
Expected return = (1 - default rate) * return rate
= (1 - 0.02) * 0.04
= 0.98 * 0.04
= 0.0392 or 3.92%
For Bond Y:
Expected return = (1 - default rate) * return rate
= (1 - 0.01) * 0.025
= 0.99 * 0.025
= 0.02475 or 2.475%
For Bond Z:
Expected return = (1 - default rate) * return rate
= (1 - 0.031) * 0.051
= 0.969 * 0.051
= 0.049419 or 4.9419%
Bond X has an expected return of 3.92%.
Bond Y has an expected return of 2.475%.
Bond Z has an expected return of 4.9419%.
Thus, Bonds Z and X would be the best and worst investments, respectively.
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Optimo Corporation is evaluating its capital structure and attempting to optimize the value of the firm. While the debt-to-equity ratio is less than 1, the company's shareholders have indicated that they require a 13% return on equity and the bank has indicated that it will charge an after-tax rate of 8%. Once the debt-to-equity ratio exceeds 1 , the bank structure is most likely to occur when the debt-to-equity ratio is: A. 2.00 B. 1.00 C. 0.50 D. 3.00 Explanation Choice "B" is correct. The optimal capital structure is generally quantified as the ratio of debt-to-equity financing that produces the lowest weighted average cost of capital (WAC several steps in determining the lowest WACC for each of the alternatives presented: Step 1, determine the percentage components of the debt-to-equity ratio that result in the alternatives proposed: - Debt/Equity =0.50= Debt of 33.3%, Equity of 66.7% - Debt/Equity =1.00= Debt and Equity of 50% - Debt/Equity =2.00= Debt of 66.7%, Equity of 33.4% - Debt/Equity =3.00= Debt of 75%, Equity of 25% Step 2, compute the WACC associated with each debt-to-equity ratio by multiplying the debt percentage by the applicable interest rate and the return on equity by the applicable equity percentage and taking their sum as follows (e.g., 8%×0.33=2.7%,13%×0.67=8.7%,2.7%+8.7%=11.3% WACC at 0.50 ): Step 3, select the debt-to-equity ratio with the lowest WACC, 1.00 (10.5\% WACC). Choices "C", "A", and "D" are incorrect, per above.
Once the debt-to-equity ratio exceeds 1, the bank structure is most likely to occur when the debt-to-equity ratio is 1.00.
Optimo Corporation is attempting to optimize the value of the firm by evaluating its capital structure. Although the debt-to-equity ratio is less than 1, the company's shareholders have indicated that they require a 13% return on equity, and the bank has indicated that it will charge an after-tax rate of 8%.According to the given information, the optimal capital structure is typically quantified as the ratio of debt-to-equity financing that produces the lowest weighted average cost of capital (WACC). We must go through several steps to determine the lowest WACC for each of the alternatives presented.
First, determine the percentage components of the debt-to-equity ratio that result in the alternatives proposed. The following are the results:Debt/Equity = 0.50 = Debt of 33.3%, Equity of 66.7%Debt/Equity = 1.00 = Debt and Equity of 50%Debt/Equity = 2.00 = Debt of 66.7%, Equity of 33.4%Debt/Equity = 3.00 = Debt of 75%, Equity of 25%
Second, compute the WACC associated with each debt-to-equity ratio by multiplying the debt percentage by the applicable interest rate and the return on equity by the applicable equity percentage and taking their sum. This can be done as follows (e.g., 8% × 0.33 = 2.7%, 13% × 0.67 = 8.7%, 2.7% + 8.7% = 11.3% WACC at 0.50):
Third, choose the debt-to-equity ratio with the lowest WACC, 1.00 (10.5 percent WACC). Therefore, once the debt-to-equity ratio exceeds 1, the bank structure is most likely to occur when the debt-to-equity ratio is 1.00. So, option B is correct, and options A, C, and D are incorrect.
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the net outcome of either tariffs or quotas for the world economy is multiple choice 2 indeterminate, since neither the costs to consumers nor the gains to producers and government are consistent. zero, since the costs to consumers equal the gains to producers and government. negative, since the costs to consumers substantially exceed the gains to producers and government. positive, since the costs to consumers do not exceed the gains to producers and government.
The net outcome of tariffs or quotas for the world economy is negative due to the significant costs to consumers.
The net outcome of either tariffs or quotas for the world economy is negative, since the costs to consumers substantially exceed the gains to producers and government. Tariffs are taxes imposed on imported goods, while quotas restrict the quantity of goods that can be imported. Both measures are aimed at protecting domestic industries and increasing government revenue. However, they often result in higher prices for consumers due to reduced competition and limited choices. Additionally, tariffs and quotas can lead to trade disputes and retaliatory measures from other countries, disrupting global trade. Therefore, the overall impact on the world economy is negative, as the costs to consumers outweigh the benefits to producers and governments.
The net outcome of tariffs or quotas for the world economy is negative due to the significant costs to consumers.
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On Sunday, Dawson's flower shop sold 25 arrangements. The materials needed for 25 arrangements cost $250. If he sold each arrangement for $55, what would the net income?
Answer:
Net Income = $1125
Explanation:
The net income is the difference between the revenue and the total costs incurred to earn that revenue. It can be calculated as follows,
Net Income = Revenue - Total costs
The revenue in the given question can be calculated by multiplying the selling price per arrangement by the number of arrangements sold.
Revenue = 55 * 25
Revenue = $1375
The total cost for materials needed for 25 arrangements is provided and there are no other costs.
Net Income = 1375 - 250
Net Income = $1125
Which best description of joint tenancy is best? Two or more people own a property equally or two or more people in the same family own a property equally
Answer:
Two or more people own a property equally
Explanation:
This persons who equally own a property may not necessarily be a family member, and the property may be a business, brokerage accounts or a real estate (a single home).
In most cases however, this Joint tenancy is made between married couples, wherein both parties equally own a property and share in the responsibilities of that property. Ownership is transferred to the other remaining members of the agreement automatically if one party dies.
The best description that can denote joint tenancy that two or more people own a property equally. So, the correct option that matches the above statement is A.
Joint tenancy refers to the condition where at least two people jointly hold, acquire or possess the benefits of a property under their name in proportion as may be determined.
The joint ownership is a condition where at least two people are required to make contracts of owning, buying, renting, leasing or selling such property in an equal proportion.The ratio of ownership in case of a joint ownership of a property where the benefits are shared equally is 1:1. One partner will share the benefits and bear losses equally in proportion of the other owners.There exists a relationship of vicarious liability in case of a joint tenancy which refers that one partner will be liable for the acts of the other partner(s).Hence, the correct option is A that the best example of a joint tenancy is when two or more people own a property equally.
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Describe the benefits of having a positive attitude.
The primary advantage of a positive attitude is it helps in achieving the objective of life by keeping clear mindsets.
What is a positive attitude?The concept of having a positive mindset is one that desires and predicts success. To bring enthusiasm into one's life and play an active role in society, one must be ready to attempt new things.
It is a mindset that enables you to notice the positive aspects of others and your own successes rather than only the shortcomings, and it contributes to a healthy way of living.
It is said that if an individual sees positivity in surroundings it helps in bringing positivity in other life as well by reshaping their mentality with positive thoughts and creativity.
Those who have an optimistic outlook tend to be wealthier and more socially skilled because they consistently see the good in every circumstance, which facilitates effective communication.
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what are the different levels of profession
Answer:
the different levels of profession are:
medium level profession
high level profession
Which of the following agencies regulates insider trading?
answer: SEC A
Which president founded the SEC?
answer: Franklin D. Roosevelt B
Why were the federal regulatory agencies founded?
answer: to restore trust in the economy as a result of the Great Depression C
Which of these can cause a fluctuation in your income? Select the two correct answers
answers: a raise in taxes, a raise in your salary A and D
What is the definition of economic change?
answer: a shift in the structure of an economic system B
The answer response are:
A. SEC (Securities and Exchange Commission) regulates insider trading.
B. Franklin D. Roosevelt founded the SEC.
C. Federal regulatory agencies were founded to restore trust in the economy as a result of the Great Depression.
A. A raise in taxes and a raise in your salary can cause a fluctuation in your income.
B. The definition of economic change is a shift in the structure of an economic system.
What is the SEC about?The SEC is an independent federal agency in the United States that is responsible for regulating the securities markets and protecting investors. The SEC has broad authority to enforce federal securities laws, regulate the securities industry, and oversee various types of investment products, such as stocks and bonds.
Therefore, Franklin D. Roosevelt was the 32nd President of the United States, serving from 1933 until his death in 1945. He is best known for his leadership during the Great Depression and World War II.
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If the price of a blu-ray disc player is three times the price of an mp3 player, then a blue-ray disc player contributes
a. more than three times as much to gdp as does a mp3 player.
b. less than three times as much to gdp as does a mp3 player.
c. exactly three times as much to gd
The blue-ray disc player contributes exactly three times as much to GDP as does a MP3 player that is option C is correct.
GDP or gross domestic product may be defined as the size of the country's economy over a specified period of time or within a financial year. It is the measure of the country's expenses and revenues within the financial year. If the price of the blue-ray disc is three times the price of mp3 player so the contribution will also be three times as the GDP solely depends on the prices of the entities purchased or bought within the country. It is neither higher nor it is lower than three times. GDP is an important feature in determining the country's progress as in today's world economy is one of the most important factors in determining progress of country. Most of the developed countries have their GDPs in great number.
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Inside Brice's monthly statement from Commonwealth Edison was a leaflet from a local bank detailing its free checking accounts. The advertisement from the bank is an example of a 1) self-mailer. 2) house organ. 3) broadside. 4) statement stuffer. 5) public relations release.
The advertisement from the local bank that was included in Brice's monthly statement from Commonwealth Edison is an example of a statement stuffer.
Statement stuffers are ads that are served to customers with their bank statements. Claim fillers often refer to additional services that the issuer is trying to "sell" to existing customers. Statement makers encourage customers to sign up for a broader range of products and services.
Statement Writers are popular with financial firms because they offer a convenient and inexpensive form of marketing to clients who are already using their basic services. However, in recent years, digital versions of these displays, commonly referred to as "e-stuffers," have also become common.
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Select the word or phrase that accurately completes each sentence.
Pressing the Backspace key will delete the text on the .
Pressing the Delete key will delete the text on the .
Answer:
Pressing the backspace key will delete the text on the leftPressing the delete key will delete the text on the rightExplanation:
This information relates to Sage Hill Co.
1. On April 5, purchased merchandise from Oriole Company for $27,900, terms 4/10, n/30.
2. On April 6, paid freight costs of $520 on merchandise purchased from Oriole.
3. On April 7, purchased equipment on account for $32,700.
4. On April 8, returned $4,800 of April 5 merchandise to Oriole Company.
5. On April 15, paid the amount due to Oriole Company in full.
Prepare the journal entries to record the transactions listed above on Cullumber Co.’s books. Cullumber Co. uses a perpetual inventory system.
The preparation of the journal entries to record the transactions of Sage Hill Co. are as follows:
Journal Entries:April 5 Debit Inventory $27,900
Credit Accounts Payable (Oriole Company) $27,900
Credit terms 4/10, n/30.
April 6, Debit Freight-in $520
Credit Cash $520
April 7, Debit Equipment $32,700
Credit Accounts Payable $32,700
April 8, Debit Accounts Payable (Oriole Company) $4,800
Credit Inventory $4,800
April 15, Debit Accounts Payable (Oriole Company) $23,100
Credit Cash $22,176
Credit Cash Discounts $924
Transaction Analysis:April 5 Inventory $27,900 Accounts Payable (Oriole Company) $27,900
Credit terms 4/10, n/30.
April 6, Freight-in $520 Cash $520
April 7, Equipment $32,700 Accounts Payable $32,700
April 8, Accounts Payable (Oriole Company) $4,800 Inventory $4,800
April 15, Accounts Payable (Oriole Company) $23,100 Cash $22,176 Cash Discounts $924
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Using a hypothetical but specific example, explain how marketers use the concept of utility to sell items and make a profit
Answer:
Place utility
Explanation:
because if the person sells a certain item in a certain place then they can make extra money for it being needed in said place
why the pattern of employment in a country may change over time？（essay question）
Answer:It would most likely change overtime because technology is being advanced.
Explanation:
2. New Supply - how do we measure it? How can we calculate it (example/ exercise)?
Measuring new supply is an important task for economists as it helps them determine the growth of an economy and the demand for goods and services. By understanding how to calculate new supply, we can better understand the market and make informed decisions about production and investment.
New Supply is a crucial concept in the world of economics as it helps us understand the quantity of goods and services that are newly produced and added to the market. To measure New Supply, we need to calculate the difference between the quantity of goods and services produced in a given period and the quantity produced in the previous period. This will help us determine how much new supply has been added to the market.
To calculate new supply, we need to follow a simple formula: New Supply = Quantity Produced in Current Period - Quantity Produced in Previous Period. By using this formula, we can calculate new supply for any type of goods or services.
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You received a great money-saving credit card offer in the mail, complete with a rewards program. After you read on further, however, you find that the one dollar spent for every mile earned may not be such a great offer after all, since getting a $500 airline ticket only happens after you first acquire 25,000 miles (spending $25,000 to do so). This is a ________ schedule. fixed-ratio variable-interval variable-ratio fixed-interval
Answer: variable-ratio
Explanation:
Based on the information given, since getting a $500 airline ticket only happens after one acquire 25,000 miles (spending $25,000 to do so), this is Variable ratio schedule.
Variable-ratio schedule is regarded as a form of reinforcement which occurs when there is a reinforcement of a response when there are different responses that are unpredictable and this lead to a high number of responses. An example is lottery and gambling.
Before the external auditors decide to use the work performed by the internal auditors, the external auditors must first assess:____.
Before the external auditors decide to use the work performed by the internal auditors, the external auditors must first assess the competence and objectivity of the internal auditors.
To assess the competence of the internal auditors, the external auditors need to evaluate their skills, qualifications, and experience in conducting audits. This includes reviewing their education, certifications, and previous audit work to ensure they have the necessary expertise to perform the audit procedures effectively. The external auditors may also consider the internal auditors' training programs and ongoing professional development activities to assess their continued competence.
In addition to competence, the external auditors must also assess the objectivity of the internal auditors. Objectivity is crucial in auditing as it ensures that the auditors are impartial and independent in their judgments. The external auditors need to determine if the internal auditors are free from any conflicts of interest that could impair their ability to provide unbiased and reliable audit evidence. They may review the organizational structure, reporting lines, and the internal auditors' relationships with management to assess their independence and objectivity.
Overall, the external auditors must assess the competence and objectivity of the internal auditors before relying on their work to ensure the quality and reliability of the audit findings. This evaluation process helps to maintain the integrity and credibility of the external audit opinion.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
In what ways did the klan try to terrorize black men who threatened their interests?
The Ku Klux Klan (KKK) is a white supremacist organization that has a long history of targeting African Americans, particularly during the late 19th and early 20th centuries. The KKK employed various methods to terrorize and intimidate black men who were perceived as threatening their interests.
Lynching: The KKK frequently employed lynching to terrorize the black population. In several cases, they would publicly hang or torture black individuals while falsely accusing them of wrongdoing. Lynching was a cruel technique used to uphold white domination and racial hierarchy.
Cross burnings: As a form of intimidation, the KKK frequently burned crosses. They attempted to instill fear and convey a message of racial superiority and control by setting fire to crosses on black men's property or close to their homes.
Violence and physical assault: In order to scare and repress black men, Klan members committed violent crimes, such as beatings and even murder. They would go after anybody who advocated for change or questioned the status quo or advocated for civil rights and equality.
Economic intimidation: The KKK would try to make it difficult for black men who were perceived as dangers to make a living. This might be participating in economic sabotage, threatening black employees to keep them from applying for jobs or promotions, or engaging in a boycott of firms run by African Americans.
Voter suppression: Especially during the Jim Crow era, the KKK actively engaged in voter suppression strategies. Threats, violence, or other forms of coercion would be used to intimidate black men and women, preventing them from exercising their right to vote.
The KKK engaged in psychological warfare against the black population in an effort to instill horror and fear. This includes sending threatening letters or notes, as well as other forms of communication, to black people or community leaders in an effort to arouse dread and discourage them from challenging white supremacy.
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In the manufacturing process, _______ technical complexity means most of the work is performed by machines, and _______ technical complexity means workers play a larger role in the production process.
The High technical complexity means most of the work is performed by machines while low technical complexity means workers play a larger role in the production process.
What is a technical complexity?In a manufacturing process, this refers to the needed technological level for the design and manufacture of an industrial product while considering its characteristics and performances.
Hence, the High technical complexity indicates most of the work is performed by machines while low technical complexity indicates workers play a larger role in the production process.
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what is a milk cartel
Answer:
hope this helps?!
Explanation:
Congress sets minimum prices for milk, but nothing stops - or should stop - individual farmers from bargaining for higher prices. ... Indeed, because of a shortage induced by the federally sponsored slaughter of dairy herds last year, most dairy farmers are now able to charge a substantial premium.
Name the FIVE documents that must be covered by the auditor's report?
Answer:
The auditor's report typically covers the following five documents:
1)Financial Statements: The auditor's report provides an opinion on the fairness and accuracy of the financial statements prepared by the company. This includes the balance sheet, income statement, cash flow statement, and statement of changes in equity.
2)Management's Discussion and Analysis (MD&A): MD&A is a section of the annual report where management provides an analysis of the company's financial performance, results of operations, and future prospects. The auditor's report may reference or provide assurance on specific information contained in the MD&A.
3)Notes to the Financial Statements: The notes to the financial statements provide additional information and explanations regarding specific items in the financial statements. The auditor's report may refer to the notes and provide assurance on their presentation and disclosure.
4)Internal Control Report: In some cases, companies are required to provide an internal control report, which outlines management's assessment of the effectiveness of internal controls over financial reporting. The auditor's report may include a reference to the internal control report and provide assurance on its reliability.
5)Other Supplementary Information: The auditor's report may also reference or provide assurance on other supplementary information included in the annual report, such as schedules, disclosures, or additional financial data that accompany the financial statements.
It's important to note that the specific documents covered by the auditor's report may vary depending on the reporting requirements and regulations applicable to the company or organization being audited.
How has globalization affected the world since the mid-20th century?
O A. It has created constant inflation that has devastated the global
economy.
B. It has reduced trade between neighboring countries.
C. It has made economies around the world more connected.
D. It has improved environmental conditions in most countries.
Answer:
C
Explanation:
A P E X
The globalization merely affected the world since the mid-20th century is has made basically and gradually economies around the world more connected Option(c) is correct.
What does Globalization means?Globalization in simple words we can say that migrating or the movement of the companies from merely one place to another for better growth opportunity and profits of the company.
As in the mid 20th century it was that globalization was at high peak it connected people and most of the organization and the companies around the world easily and there was availability more and more of high skill laborers at a low cost.
Therefore Option(c) is correct.
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Calculate the present worth of the new route assuming the El Grande vehicle model is chosen. The purchase price of the vehicle is $250,000; the vehicle will require annual maintenance and operating costs of $12,000; it is expected to be sold for $70,000 in 10 years. The new route is expected to result in additional annual net revenues of $62,000. Calculate the present worth of the new route for the 10-year period of one cycle. Explain whether the new route should be accepted or rejected and why
If the present worth of the new route is positive, it means that the benefits outweigh the costs and the route should be accepted. If the present worth is negative, it means that the costs outweigh the benefits and the route should be rejected.
To calculate the present worth of the new route, we need to consider the purchase price of the vehicle, annual maintenance and operating costs, expected resale value, and additional annual net revenues.
1. First, calculate the total costs over the 10-year period:
- Purchase price: $250,000
- Maintenance and operating costs: $12,000/year x 10 years = $120,000
- Resale value after 10 years: $70,000
Total costs = Purchase price + Maintenance costs - Resale value
= $250,000 + $120,000 - $70,000
2. Next, calculate the total additional net revenues over the 10-year period:
- Additional annual net revenues: $62,000/year x 10 years = $620,000
3. Calculate the present worth of the new route:
Present worth = Total additional net revenues - Total costs
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John borrowed $6,000,000 for a period of 15 years.is interest rate is 8%. How much interest will John pay in all?
Based on the information given the amount of interest that John pay in all is his $7,200,000.
Interest:Using this formula
Interest=Amount borrowed×Number of years×Interest rate
Where:
Amount borrowed=$6,000,000
Number of years=15 years
Interest rate=8%
Let plug in the formula
Interest=$6,000,000×15×8%
Interest=$7,200,000
Inconclusion the amount of interest that John pay in all is his $7,200,000.
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Please select the word from the list that best fits the definition Enjoy music in their free time
Answer:
Auditory Learners
Explanation:
I got it right on edge 2022.
Refer to table 14-8. If the firm's fixed cost of production is $3, and the market price is $10, how many units should the firm produce to maximize profit?.
With the profit at x=$7 the firm should produce the maximum number the consumer can receive
What number of units should the firm produce to maximize profit?From the table we should see the production capacity of the firm and the market absorption capacity as well
With that been said we see that the returns per product sell to be
x=10-3
x=$7
Therefore, the firm should produce the maximum number the consumer can receive.
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Corporation signed a six-month note payable on october 23,. What accounts relating to the note payable will be reported on its financial statements for the fiscal year ending december 31, ?.
Notes payable and interest payable will be reported on the balance sheet. In the balance sheet, a note payable is either categorized as a long-term liability.
If liability is due later than 12 months from now or as a short-term liability if it is due sooner. as we make payments on the loan, we'll debit notes payable and credit the cash account in a journal entry. This is listed as a liability on the balance sheet.
However, we also need to calculate the interest rate when a payment is made and record this amount in the interest cost and interest payable accounts. Liabilities are where notes payable are listed on a balance sheet. Additionally, when the sums are due within a year, they are categorized as current obligations. Hence, the note payable will be reported on its financial statements for the fiscal year ending December 31 in the balance sheet.
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