You borrowed $500,000 for your new house with a 30-year fixed-rate loan at an annual interest rate of 4.2%. The first mortgage payment is due exactly one month after you signed the contract. Your monthly mortgage payment is
2,623.33
2,445.09
2,273.23
$3,748.75
Answers
To find the monthly mortgage payment that is due exactly one month after signing a contract for a 30-year fixed-rate loan with an annual interest rate of 4.2%, we need to use the formula for calculating mortgage payments.
The formula is: P
= L[c(1 + c)^n]/[(1 + c)^n - 1]where P is the monthly mortgage payment, L is the loan amount, n is the number of payments, and c is the monthly interest rate, which is the annual interest rate divided by 12. Using this formula, we can calculate the monthly mortgage payment as follows:Loan amount,
L = $500,000Annual interest rate,
r = 4.2%Monthly interest rate,
c = r/12
= 0.035Number of payments,
n = 30 years x 12 months/year
= 360P
= 500,000[0.035(1 + 0.035)^360]/[(1 + 0.035)^360 - 1]
= $2,445.09Therefore, the monthly mortgage payment that is due exactly one month after signing the contract is $2,445.09.
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Related Questions
A Manager Should Always Reject A Special Order If o A. The special order price is less than the variable costs of the order. o B. The special order price is less than the regular sales price. o C. There is available excess capacity. o D. The special order will require variable nonmanufacturing expenses.
Answers
A Manager Should Always Reject A Special Order if A. The special order price is less than the variable costs of the order.
How do you decide whether to approve a special order?
Management must take into account a number of considerations before determining whether to accept a particular order:
1. the quantity needed to complete the particular order.
2. Whether the buyer's proposed price will cover the cost of production.
3. the analysis's use of fixed costs.
4. Qualitative elements
Management should only approve a special order if the added revenue surpasses all product costs when analysing the request. Management must take into account a number of criteria before deciding whether to accept a particular order, including the capacity needed to complete the request. Whether the buyer's proposed price will cover the cost of production. the analysis's use of fixed costs.
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It has been noted that there is a connection between individualism that is fostered by Protestantism anda. government intervention in business activities.b. the willingness of a country to import foreign goods.c. feminine-based societies.d. the growth of the caste system.e. the extent of entrepreneurial activity in a nation.
Answers
It has been observed that there is a link between the individualism that Protestantism promotes and government involvement in commercial activity.
What does individualism mean?A basic emphasis on the value of the individual is emphasized by individualism, a moral perspective, political philosophy, ideology, and social orientation. Talk of individualism frequently involves comparisons to totalitarianism, collectivism, and other more oligarchical social structures. The core idea behind individualism is that the human individual must be at the center of the fight for liberty. Consequently, it is more person-centered. Individual humans are viewed as the primary analytical unit by ideologies including anarchism, existentialism, liberalism, and libertarianism. Talk of individualism frequently involves comparisons to totalitarianism, collectivism, and other more oligarchical social structures. It has been observed that there is a link between the individualism that Protestantism promotes and government involvement in commercial activity.To learn more about individualism refer to:
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Free cash flow (FCF) and net income (NI) differ in the following ways:
I) Net income accrues to shareholders, calculated after interest expense; free cash flow is calculated before interest.
II) Net income is calculated after various noncash expenses, including depreciation; FCF adds back depreciation.
III) Capital expenditures and investments in working capital do not appear in net income calculations; however, they do reduce free cash flows.
IV) Net income is never negative; free cash flows can be negative for rapidly growing firms, even if the firm is profitable, because investments can exceed cash flows from operations.
a.
I only
b.
I and II only
c.
I, II, and III only
d.
I, II, III, and IV
Answers
Answer:
c. I, II, and III only
Explanation:
As we know that
Free cash flow = Earnings before Interest and Taxes × (1-Tax Rate) + Amortization and Depreciation expense - Change in Net Working Capital -Capital Expenditure
And, the Net income is determined after considering all cash and non cash expenses.
Therefore, I, II and III statements are considered
Hence, the option c is correct
governments, regulators, unions and suppliers represent who potentially could be managed more effectively by the parent, than by the individual business units. quizlet
Answers
Governments, regulators, unions, and suppliers are potential stakeholders that could be managed more effectively by the parent rather than the individual business units.
1. Governments: The parent company can handle government relations more efficiently as it has a broader perspective and can negotiate with authorities at a higher level. For example, the parent company can coordinate compliance with regulations, lobby for favorable legislation, and manage tax strategies across all business units.
2. Regulators: Centralizing regulatory compliance can reduce duplication of efforts and ensure consistent adherence to regulations. The parent company can develop standardized processes, policies, and training programs to meet regulatory requirements more effectively.
3. Unions: The parent company can negotiate labor agreements and ensure consistency in labor relations across business units. It can address union grievances, manage collective bargaining, and implement standardized employee benefits and policies.
4. Suppliers: By centralizing procurement and supplier management, the parent company can negotiate better contracts, leverage economies of scale, and ensure consistent quality and delivery across all business units. This approach allows for better coordination and optimization of the supply chain.
Therefore, the parent company has the advantage of a broader perspective, increased bargaining power, and streamlined processes, which enable more effective management of governments, regulators, unions, and suppliers across the entire organization.
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Governments, regulators, unions, and suppliers are potential stakeholders that could be managed more effectively by the parent company than by individual business units. This is because the parent company has a broader perspective and can coordinate actions and policies across all business units, leading to more consistent and efficient management of these external entities.
1. Governments: The parent company can centralize its interactions with government authorities, ensuring compliance with regulations and managing issues such as permits, licenses, and tax requirements. This centralized approach allows for better coordination, avoids duplication of efforts, and reduces the risk of conflicting actions taken by individual business units.
2. Regulators: Similar to governments, the parent company can establish a single point of contact with regulatory bodies. This facilitates communication, reporting, and compliance with industry-specific regulations. By managing regulators centrally, the parent company can better understand and address regulatory requirements across different regions or jurisdictions, ensuring consistency and avoiding potential penalties or legal issues.
3. Unions: When dealing with labor unions, the parent company can negotiate collective bargaining agreements and address labor issues at a broader level. This allows for consistent policies and practices across business units, ensuring fairness and reducing the risk of labor disputes or strikes. By managing unions centrally, the parent company can also leverage its bargaining power and negotiate more favorable terms for all business units.
4. Suppliers: The parent company can establish global supplier relationships and negotiate contracts on behalf of all business units. This centralized approach can lead to economies of scale, improved pricing, and better coordination of the supply chain. Additionally, the parent company can ensure consistent quality standards, monitor supplier performance, and address any issues or disputes in a more efficient and coordinated manner.
In conclusion, by managing governments, regulators, unions, and suppliers centrally, the parent company can leverage its broader perspective and coordination capabilities to effectively manage these external entities. This approach ensures consistency, efficiency, and better outcomes for all business units.
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Collusion occurs when companies agree to drop prices and increase production.
True
or
False
Answers
Regarding impairment of intangible assets, which of the following statements is incorrect?
A) If any impairment occurs, the company records a loss in the period in which the intangible asset was aquired
B) Impairment occurs when the fair value of an intangible asset is less than the book value
C) Intangible assets with an indefinite life are tested for impairment annually
D) Intangible assets are impaired when there has been a permanent decline in the value of the asset
Answers
The incorrect statement regarding the impairment of intangible assets is option A) "If any impairment occurs, the company records a loss in the period in which the intangible asset was acquired."
Impairment of intangible assets refers to a situation where the value of an intangible asset decreases, requiring a reduction in its book value. The correct statements about impairment are:
Impairment occurs when the fair value of an intangible asset is less than the book value. When the fair value is lower, the asset's value needs to be adjusted.
Intangible assets with an indefinite life are tested for impairment annually. Assets with an indefinite life, such as trademarks or brand names, need to be assessed regularly for any indication of impairment.
Intangible assets are impaired when there has been a permanent decline in the value of the asset. If there is a permanent loss of value due to factors like obsolescence or loss of competitive advantage, the asset's value is impaired.
Option A is incorrect because impairment losses are recorded when the fair value of the asset is lower than its carrying value, not necessarily in the period of acquisition. Impairment losses are recognized when they occur, regardless of when the asset was acquired
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Considering absolute and comparative advantages, how would you explain the growth in AJC exports from China to the USA?
Answers
The growth in AJC (Aluminum Junction Clips) exports from China to the USA can be explained by both absolute and comparative advantages.
Absolute advantage refers to a country's ability to produce a good more efficiently and at a lower cost compared to other countries. In the case of China, it is likely that they have a lower production cost for AJC due to factors such as cheaper labor and access to raw materials. This lower cost allows Chinese producers to offer competitive prices in the US market, leading to increased exports.
Comparative advantage, on the other hand, refers to a country's ability to produce a good at a lower opportunity cost compared to other goods it can produce. It is possible that China has a comparative advantage in the production of AJC, meaning that they can produce AJC at a lower opportunity cost compared to other goods they could produce. This encourages Chinese producers to specialize in AJC production and export it to the USA, where they can take advantage of their comparative advantage.
In conclusion, the growth in AJC exports from China to the USA can be attributed to China's absolute advantage in terms of lower production costs and its comparative advantage in the production of AJC. These advantages enable Chinese producers to offer competitive prices and specialize in AJC production, leading to increased exports to the USA.
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Global Inc. Has a preferred share issue outstanding with a current price of $26.80. The firm is expected to pay a dividend of $1.90 per share a year from today. What is the firm's cost of preferred equity?
Answers
Answer:
7.09 %
Explanation:
Cost of preferred equity = Dividend / Market Price x 100
therefore,
Cost of preferred equity = $1.90 / $26.80 x 100 = 7.09 %
If operating income is $155,000 and total revenue is $577,000, then the operating margin is __________.
Answers
If running earnings is $a hundred and fifty-five,000 and overall revenue is $577,000, then the operating margin is seventy two.20%
Revenue is the whole amount of income generated by using the sale of goods or offerings related to the agency's number one operations. sales, additionally called gross income, is frequently called the "pinnacle line" because it sits on the pinnacle of the income statement.
Your annual is the quantity of money your corporation earns from income over 12 months; it does now not consist of fees and expenses. To calculate your annual sales, you multiply the quantity of every product you bought by way of its sale rate, after which add every product's annual income to determine your gross annual sales.
The sale of goods, merchandise, or merchandise. The sale of services, which includes consulting. apartment income from industrial assets (observe the usage of “profits”) The sale of tickets to a live performance.
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If you focus on the present now, instead of focusing on your future concerns, you will be able to __________.
a. Gain more enjoyment from your leisure time
b. Avoid doing more work than necessary
c. Create a feeling of control in your life
d. All of the above
Answers
In the case when we focus on the present so rather than focusing it we have to gain, avoid excess work, and control the feeling of control.
Importance of focus on the present:If we focus on the present rather than thinking of the future so automatically the present, as well as the future, will get better.
Due to this, we will be able to do the enjoyment arising from the leisure time, avoiding excess work, and developed a feeling for control in the life.
Hence, the option d is correct.
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which 3 are transaction types you can assign in a rule for money-out transactions?journal entrycredit memochecktransferpurchase orderrefund receiptexpense
Answers
The three transaction types that you can assign in a rule for money-out transactions are:
1. Check: This transaction type represents a payment made by issuing a physical or electronic check to a recipient.
2. Transfer: This transaction type involves transferring funds from one account to another within the same organization or between different organizations.
3. Expense: This transaction type is used to record expenses incurred by the business, such as payments for supplies, utilities, rent, or employee salaries.
These transaction types allow for categorizing and tracking different types of money-out transactions, making it easier to analyze and manage the financial activities of a business.
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which of the following promises does not have to be evidenced by writing in order to be enforceable? a. jerry's agreement with monique to buy her condominium for $200,000 b. stewart's promise to work for austin for a two-year period c. christopher's promise to midwest credit union that he will make payments on his son's truck if his son does not pay d. mindy's agreement with chelsea to buy her bike for $400
Answers
The promise that does not have to be evidenced by writing in order to be enforceable is option c: Christopher's promise to Midwest Credit Union to make payments on his son's truck if his son does not pay.
In general, the statute of frauds requires certain types of contracts to be in writing to be enforceable. These include contracts for the sale of real estate (option a), contracts that cannot be performed within one year (option b), and contracts to answer for the debt or duty of another (option d). However, option c involves Christopher making payments on his son's truck, which does not fall under any of the categories that require a written agreement for enforceability. Therefore, this promise can be enforceable even without a written contract.
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the common stock of jacey home store sells for $38.42 per share. the stock is expected to pay an annual dividend of $1.80 next year and increase that amount by 4 percent annually thereafter. what is the market rate of return on this stock?
Answers
Option-D "8.69%" is correct.
Calculate the rate of return on the stock using the following formula:
Rate of return Dividend year-1 Current stock price + Growth rate
$1.80 = +0.04
$38.42
= 0.0469+0.04
= 0.0869 or 8.69%
Therefore, the market rate of return on the stock is 8.69%.
In finance, stock (also capital stock) includes all of the shares by way of which possession of a organisation or organisation is split.[1] (specifically in American English, the phrase "stocks" is likewise used to consult stocks.)[1][2] A unmarried share of the inventory approach fractional possession of the business enterprise in proportion to the full range of stocks. This typically entitles the shareholder (stockholder) to that fraction of the company's income, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt),[3] or vote casting energy, frequently dividing these up in share to the quantity of cash every stockholder has invested.
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why can't disney just make new movies and cartoons with black characters why change the old ones color
Answers
The decision to change the race or ethnicity of established characters in movies and cartoons is a complex and nuanced topic. While Disney has made efforts to create new movies and cartoons featuring diverse characters, it's important to recognize that changing the race of existing characters can be seen as a separate issue.
Here are a few points to consider regarding the topic:
Respect for Original Source Material: Characters in movies and cartoons often have a long history and are beloved by audiences. Changing their race or ethnicity can be seen as a departure from the original source material and may be met with resistance from fans who have a strong attachment to the characters as they were originally portrayed.
Cultural Authenticity and Representation: When introducing new characters with diverse backgrounds and experiences, it is important to ensure their portrayal is authentic and respectful. Creating new characters allows for the exploration of unique storylines and perspectives that better represent diverse communities.
Opportunities for New Stories: Creating new movies and cartoons with diverse characters provides opportunities for fresh narratives that can address contemporary issues and promote inclusivity. These stories can showcase the experiences and perspectives of underrepresented communities, helping to foster understanding and empathy.
Balancing Relevance and Tradition: It is a delicate balance for content creators to introduce diversity without erasing the heritage and cultural significance of existing characters. This can involve creating new characters alongside existing ones or reimagining storylines and adaptations that better reflect the diverse world we live in.
Ultimately, the decision to change the race of characters should be considered carefully, taking into account cultural sensitivity, audience expectations, and the goal of promoting inclusivity and representation. Content creators strive to strike a balance between honoring the legacy of established characters and embracing the need for diverse and inclusive storytelling.
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Why is it called Chick-Fil-A when a Fil-A (filet) is normally cooked with beef???
Answers
he balance sheet contains the following major sections:
a. Current assets f. Current liabilities b. Long-term investments g. Long-term liabilities c. Property, plant, and equipment h. Contributed capital d. Intangible assets i. Retained earnings e. Other assets j. Accumulated other comprehensive income
____ 1. Unexpired insurance
____ 2. Idle machinery
____ 3. Unrealized increase in available-for-sale securities
____ 4. Land
____ 5. Fund to retire preferred stock
____ 6. Additional paid-in capital on common stock
____ 7. Deferred income taxes-noncurrent
____ 8. Obligation for future pension payments
____ 9. Trademark
____ 10. Unearned ticket sales
Answers
The major sections of the balance sheet include: Current assets, Long-term investments, Property, plant, and equipment, Intangible assets, Other assets, Current liabilities, Long-term liabilities, Contributed capital, Retained earnings, and Accumulated other comprehensive income.
Now, let's categorize the given items according to the appropriate balance sheet sections: Current Assets: Unexpired insurance Unearned ticket sales Other Assets: Idle machinery Land Long-term Investments: Unrealized increase in available-for-sale securities Property, plant, and equipment: None Intangible assets: Trademark Current liabilities: None Long-term liabilities: Obligation for future pension payments Fund to retire preferred stock Contributed capital: Additional paid-in capital on common stock Retained earnings: None Accumulated other comprehensive income: Deferred income taxes-non current. In conclusion, the correct categorization of the given items according to the appropriate balance sheet sections are: Current assets (1, 10), Other assets (2, 4, 5), Long-term investments (3), Intangible assets (9), Long-term liabilities (7, 8), Contributed capital (6), and Accumulated other comprehensive income (7).
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List 5 motives for the construction of various media?
Answers
Answer and Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
Media is the plural word of the medium that is the means of communication. The news channels, radios, magazines, and many other social things are communicated to the general public by means of media only. The media covers the speech or the incident and lets it known to the general public at no time.
The five motives for the construction of social media are:
1. Developing and making connections: For motivating social media there is a need to establish connections and suing those conections new connections can be made.
2. Sharing the company's reviews: After the company gets its name on social media, it gets famous among a group of people at no more time.
3. Voice opinion: Voice opinion also matters for interacting the several medias
4. People's opinion of the company: Customer satisfaction is the utmost priority of the company so that the company could able to know what changes are required in the product to deliver it in the most satisfactory form.
5. Interaction with employees: Communication with the employees also matters as the employees could deliver their idea to better the company's services.
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One of the reasons it has been so difficult for Congress to bring federal spending under control is because
A.the crowding-out effect has been ineffective.
B.the pay-as-you-go provisions have been so expensive.
C.the federal budget has many entitlements that people do not want cut.
D.sequestration has worked so well.
Answers
Answer:
Correct Answer:
C.the federal budget has many entitlements that people do not want cut.
Explanation:
In U.S, there are so many sectors with so many budget mapped out and controlled in-order to benefits the citizens. For example, in this pandemic situation, there are budgets for those who lost their jobs, those unable to pay their house rent, those with medical challenges etc. all these entitlements are what people are not willing to lose. Bringing the federal spending under control means cutting off some of these budgets which might trigger crises.
Which phrase best completes the list?
Edit: The correct answer is D
Answers
Answer:
The answer is D
Explanation:
because you can't withdrawal money whenever you want that makes long term savings have more interest then savings accounts.
با ما
Outline two reasons why a business such as AEC could not be
Successful without other firms providing natural resources
Answers
Answer:
Because of product's use of natural resources in its input (1) and dependence on the supply chain system of other companies.
Explanation:
The reason is that all of the companies rely on natural resources that the companies are processing and making it available for the other companies to utilize it to control its cost and complete the production of the products. The energy is a natural resource which every company utilizes and due to this its production is largely dependent on the firms that are processing natural resources to make it available for companies to utilize it.
The next most important thing is supply chain system of natural resource companies that helps the companies like AEC and even an individual to make the use of these natural resources in an efficient and effective manner. If I don't have access to fuel, then I cann't travel and traveling by using horses would be expensive and time consuming. So supply chain system of the other businesses play key role here.
Record the information you found for steps 2 and 3 here. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
The information described above is a Market Survey/Research. A market survey is research included in a business plan that must be carried out prior to starting a business.
What is a business plan?A business plan is a document that outlines the results of a person's market research and must contain the following:
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name four commercial services which are useful to a manufacturer
Answers
Write a one to two paragraph explanation that teaches how to complete each form. Be sure to write the instructions in "plain English" versus official federal government "speak."
Describe the documents you could provide to a new employer in order to establish your identity and/or employment eligibility. Provide a list of a minimum of four documents.
Submit your paragraph explanations for completing each form and the description of the documents for establishing your identity and/or employment eligibility as the assignment for this lesson.
Answers
Answer: So so sorry but i don't know!
Explanation:Have a great day
A firm decides to raise capital and has made a preliminary decision to sell a block of securities to the entity that makes the highest offer. this procedure is referred to as a?
Answers
The procedure described, where a firm decides to sell a block of securities to the entity that makes the highest offer, is commonly referred to as an auction. Specifically, it can be categorized as a "competitive auction" or a "bidding process."
In a competitive auction, the firm invites potential buyers or investors to submit their bids for the securities being offered. The interested parties compete by submitting their highest offers, and the firm then selects the bid that provides the most favorable terms, such as the highest price or most advantageous conditions. The entity that makes the highest bid is typically awarded the block of securities.
Competitive auctions are commonly used for initial public offerings (IPOs), secondary offerings, or the sale of large blocks of securities. This approach allows the firm to assess the market demand and determine the highest value it can receive for the securities being sold. It provides an opportunity for potential buyers to compete for the securities and obtain them based on their submitted bids.
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The Allen Export Company ships sugar to many overseas ports. Over the years the company has stacked large bags of sugar onto pallets for shipping. Because of a lumber shortage, pallets for export have become very difficult to obtain. The management of Allen Export has presented the dock manager with the challenge of reducing the number of wooden pallets used and/or to find a new way to supplement or change their stevedoring system.
Answers
Answer:
Throughout the given scenario following are the points, should be achieved to reduce the pallet crisis.
Explanation:
The export business faces the above-mentioned issue of that same lack of wooden pallets towards distribution.
The tightly packed sugar bags might be utilized easily, allowing for easy release of pallets and therefore also available for several other reasons or uses.Rather than just being placed throughout pallets the enterprise should contain sugar bags in what seems like different warehouses.options available for employers to pay for workers compensation and comply with state law include each of the following except: group of answer choices charging employees a premium tax to pay for anticipated costs. setting up a self-insurance funding program. purchasing coverage through a fund set up by the state. buying coverage from private insurance carrier.
Answers
Options available for employers to pay for workers compensation and comply with state law include each of the following except Charging employees a premium tax to pay for anticipated costs, option A.
The high level premium tax break is a credit in the Patient Security and Reasonable Consideration Act (ACA), likewise alluded to conversationally as Obamacare, which was endorsed into regulation on Walk 23, 2010, by President Barack Obama.
The tax credits are not the same as regular tax credits, which must be calculated and applied to the taxpayer's tax obligation before they can be refunded or used to lower the taxpayer's tax liability when the previous year's taxes are filed.
The Advanced Premium Tax Credit, on the other hand, is calculated and sent directly from the government to the health insurance companies that cover eligible individuals. The tax credit provides the individual with a discount on their monthly premium payments. Anybody qualified for this tax break gets still up in the air by pay.
While those with lower incomes will receive larger credits and a larger discount on healthcare premiums, those with higher incomes will receive a smaller credit and a smaller monthly discount. People who receive this tax credit are not required to pay the full amount of their monthly health insurance premium up front; rather, they can pay the discounted amount because it is a direct payment.
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Mary is earning a weekly salary of $521.60 as a payroll clerk. She has accepted a new assignment in the tax-processing department. In her new position, she will be paid an annual salary of $30,534.00. How much more would she earn per week in her new position?
Answers
Answer:
$65.60
Explanation:
Mary's current is $521.60.
In her new position, she will be earning $30,534.00. Her new weekly income will be as follows. Assuming one year has 52 weeks.
New pay = $30,534.00/ 52
New pay =587.20
In her new job, she will earn more by( $587.20 - $521.60.) =$65.60
=$65.60
Which of the following is not a factor for determining the price elasticity of demand?
A.Sanitary conditions
B.Nature of goods
C.Time period
D.Availability of substitutes
Answers
option b) Product supply The term "elasticity" refers to adaptability. The flexibility with which a change in QD (quantity demanded) for any change in the price of the commodity occurs is measured by price elasticity.
What does price elasticity imply?A measure of how a product's consumption changes when its price changes is called price elasticity of demand. In mathematical terms, it is: Price Elasticity of Demand = Percentage Change in Demanded Quantity x Price Change
Is the price of 0.5 elastic or rigid?inelastic Because price changes only slightly affect demand, a score between 0 and 1 is considered inelastic. Because changes in price have no effect on demand, a product with an elasticity of 0 would be regarded as completely inelastic.
What are the various types of price elasticity?Analyze of price elasticities. The responsiveness of demand to changes in its determinants is referred to as the elasticity of demand. There are three kinds of demand elasticity: cross demand elasticity, income demand elasticity, and price demand elasticity.
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Full Question = Which of the following is not an important factor that affects the magnitude of the own price elasticity of a good?
a. Available substitutes.
b. Supply of a good.
c. Time.
d. Expenditure share.
When your tire blows out in the middle of a drive, you should
Answers
get out of the car and change it
Use the graph to answer the question that follows.
Which statement describes the shift from D1 to D2?
Demand for the product increased.
Less of the product is being produced.
Demand for the product decreased.
More of the product is being produced.
Answers
The statement that describes the shift from D1 to D2 is the demand for the product increased.
What does the shift from D1 to D2 signify?The graph represented in the image is that of a demand curve. A demand curve is a curve that shows the relationship between price and quantity demanded.
The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
When the demand curve shifts to the right, it indicates an increase in demand. When the demand curve shifts to the left, it indicates a decrease in demand.
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Answer:
Demand for the product increased!
Explanation:
option A