<span>The interest expense is $3,850.52. 12% annual interest is equivalent to a daily interest rate of 0.0328767123% in 2018, a 365 day year, and with 61 days between November 1 and December 31 the amount calculated is (0.0328767123/100)*61*192000 which is equal to 3,850.52.</span>
Answer: $724.35
Explanation: Stacy worked 46 hours in total in her work week. Normally any amount of hours above 40 hours is considered to overtime hours. This means she worked a total of 6 hours (46 - 40 = 6) as overtime.The special half rate apply on these overtime hours.
Calculating the special half rate on the overtime is as follows:
Total salary: $680
Hours workered: 46
Therefore pay per hour= 680 ÷ 46 = $14.78
Apply half rate: 14.78 × 0.5 = $7.39 per hour
Total overtime: 7.39 × 6 hours = $44.35
Total gross salary: 680 + 44.35 = $724.35
If the Fed decided that virtual money should be included in money supply, we would see a situation where both <u>M1 </u><u>and </u><u>M2 increase/ rise. </u>
M1 is:
- The most liquid money instruments
- Inclusive of cash and close instruments
If virtual money was counted as money, it would increase M1 because virtual money is very liquid as it can easily be converted to cash so it would be counted as M1.
M2 would increase because M1 is part of M2.
In conclusion, both M1 and M2 would increase.
<em>Find out more about M1 and M2 at brainly.com/question/25458814.</em>
Answer:
d. None of the above
Explanation:
if the marginal propensity to consume = 0.80, the Keynesian's multiplier = 1 / (1 - MPC) = 1 / (1 - 0.8) = 1 / 0.2 = 5
that means that if Congress wants to decrease real GDP by $100 billion and the Keynesian's multiplier is 5, then it should raise taxes by $20 billion. This way -$20 billion (taxes take away money from the economy) x 5 = -$100 billion.