Answer:
a. What is the equilibrium interest rate in Trance?
To answer this part of the question we use the table below we use the table attached as an image.
We find the equilibrium interest rate by equating the quantity supplied with the quantity demanded, which occurs at the interest rate of 2%.
b. At the equilibrium interest rate, what are the quantity of money supplied, the total quantity of money demanded, the amount of money demanded for transactions, and the amount of money demanded as an asset in Trance?
We can easily answer this part by looking at the table, The equilibrium quantity of money supplied is $210 and the equilibrium quantity demanded is $210. The amount of money demanded for transactions is $150 and the amount of money demanded as an asset is $60.
Answer:
$1.0391
Explanation:
The question is asking for the calculation of the present value of a future sum.
First, the Future Value = $120,000 = FV
The number of years to achieve the value is = 23 years = N
and the earning interest rate per year is 66%= r
Based on these information, the formula for calculating the future value is as follows:
FV / (1/ (1+ r)∧)n)
Using the formula, we have the following:
$120,000/ [1/(1+0.66)∧23]
$120,000 /(1/115474.48258)
$120,000/ (0.0000086599)
=$1.0391
Answer:
1) Stay Alert. ...
2) Train Your Staff. ...
3) Ensure Visibility. ...
4) Don't Store Excess Cash in the Register. ...
5) Install Security Devices. ...
6) Use Deterrence Signage. ...
7) Install Physical Security Measures. ...
8) Be an Active Member of Your Community
Explanation:
Hope this helps!
16 cents out of every dollar will go to the farmer
Answer:
d. Debit to Interest Receivable of $6,510.
Explanation:
To interest receivable = $180,000 * 6.2% = $11,160
Interest receivable for 7 months (June 1 - December 31) = $11,160 * (7/12) = $6,510
Therefore, the proper adjusting entry at December 31, 2018, with regard to this note receivable includes a <u>debit to Interest Receivable of $6,510</u>.
