Answer:
Interest= 25%
Explanation:
Giving the following information:
Friendly’s Quick Loans, Inc., offers you "eight for ten or I knock on your door." This means you get $8 today and repay $10 when you get your paycheck in one week (or else).
Interest for the operation:
Interest= 10/8*100= 25%
Answer:
It will be a financial disadvantage of Alternative Y over Alternative X
which menas, alternative X is better as their work is lower.
Explanation:
![\left[\begin{array}{cccc}&X&Y&$Differential\\$Material cost&-43000&-62000&-19000\\$Processing cost&-47200&-47200&0\\$Equipment rent&-17800&-17800&0\\$Occupancy cost&-16800&-25100&-8300\\&&&0\\$Total&-16800&-25100&-8300\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%26X%26Y%26%24Differential%5C%5C%24Material%20cost%26-43000%26-62000%26-19000%5C%5C%24Processing%20cost%26-47200%26-47200%260%5C%5C%24Equipment%20rent%26-17800%26-17800%260%5C%5C%24Occupancy%20cost%26-16800%26-25100%26-8300%5C%5C%26%26%260%5C%5C%24Total%26-16800%26-25100%26-8300%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Letter A and B are absolutelly incorrect. I think it is C... Not sure
Answer:
D) Monetary, fiscal
Explanation:
The Fed's dual mandate is to first promote a strong economy, but at the same time it must promote maximum employment, stable prices and moderate long term interest rates.
Monetary policy is carried out by the Fed through open market operations where it purchases or sells US securities, decreasing or increasing interest rates, and increasing or decreasing the money supply.
But if the interest rates are near 0, then the actions of the Fed are very limited regarding an expansionary monetary supply that would boost the economy and lower unemployment. There is basically no more room for lowering the interest rates.
So that means that the government must modify its fiscal policy to try to boost the economy. The government can either by increase spending, decrease taxes or a mixture of both. In this particular case, the Chairman of the Fed favors lowering decreasing taxes.
