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1 year ago

In economics, decisions are necessary because are scarce, while are practically unlimited.

1 answer:

3 0

In economics, decisions are necessary because resources are scarce, while wants and needs are practically unlimited.

<h3>What is economic?</h3>

Economics examines how products and services are produced, distributed, and consumed as well as the decisions that people, corporations, communities, and countries make when distributing funds.

There are enormous people who are living in this world and all of them have some kind of need or want them to need to fulfill and also which means that there will be limited resources that will be available to them in the near future also.

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You need a 25-year, fixed-rate mortgage to buy a new home for $315,000. Your mortgage bank will lend you the money at an APR of

Slav-nsk [51]

Answer:

The answer is $1,441,746.04

Explanation:

Solution

Given that:

The Annual rate = 6.1%

The monthly interests rate = 6.1%/12 =0.5083%

Monthly payment =$1,550

The time period = $1,441,746.04300 Months

The amount of payment at the end of 300 months is

=1,550 *((1.005083^300 - 1) / 0.005083

The amount of payment at the end of 300 months is = $1,090,754.66

Thus

Future value of $315,000 = $315,000*1.005083^300

= $1,441,746.04

Now

The balloon payment = $1,441,746.04 - 1,090,754.66

= $350,991.38

Therefore the largeness of this balloon payment will be $1,441,746.04

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3 years ago

A corporate culture is generally defined as the

Lady bird [3.3K]

Answer:

inner rites, rituals, heroes, and values of a firm. one's duty to do a job or perform a task is called.

Explanation:

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3 years ago

All of the following are economic institutions EXCEPT

Svetlanka [38]

Churches .it's a religious institution

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3 years ago

Brown Co. pays weekly salaries of $10,500 on Friday for a five-day workweek ending on that day. Assuming the end of the accounti

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Answer:

c.credit to Wages Payable for $6,300.

Explanation:

The journal entry to record the wages expense is shown below;

Wages expense dr ($10,500 × 3 ÷ 5) $6,300

To Wages payable $6,300

(being the wages expense is recorded)

Here the wages expense is debited as it increased the expense and credited the wages payable as it increased the liabilities

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3 years ago

an activity-based costing system blank . multiple select question. uses numerous overhead cost pools is used for external report

fenix001 [56]

An Activity-based system uses numerous overhead cost pools.

<h3>What is activity-based costing?</h3>

Activity based costing is a method of costing that is used in accounting to apportion costs to a good or service produced. It believes that manufacturing requires the use of resources which require activities and so these activities can be given costs.

To give these activities costs, there is a need to use overhead cost pools which is why activity-based systems use several overhead cost pools.

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2 years ago

In economics, decisions are necessary because ________ are scarce, while ________ are practically unlimited.

In economics, decisions are necessary because are scarce, while are practically unlimited.