Answer: $2,025
Explanation:
Your monthly payment based on the rate of 6.3% per annum is:
= (6.3% * 1,620,000 ) / 12 months
= 102,060 / 12
= $8,505
Now that the rate has gone up to 7.8% per annum, the payment is:
= (7.8% * 1,620,000 ) / 12 months
= 126,360 / 12
= $10,530
Payment went up by:
= 10,530 - 8,505
= $2,025
Answer:
0.5
Explanation:
Marginal propensity to consume is the proportion of the increase in disposable income spent on consumption.
Marginal propensity to consume = change in consumption/ increase in disposable income
$500 / $1000 = 0.5
I hope my answer helps you
Answer:
$45,000
Explanation:
In this case the market value is $200,000 but the policy limit is only $120,000, with a coinsurance of 80%.
Since the amount of loss = $60,000, the insurance company will pay:
(stop limit / value) x loss = ($120,000 / $160,000*) x $60,000 = 0.75 x $60,000 = $45,000
*the $160,000 value is determined by multiplying the fair market value of the property times the coinsurance = $200,000 x 80% = $160,000
Answer: Equality
Without proper guidelines in place one would outweigh the other cause an imbalance. If the government didn't keep those equal there wouldn't be enough stability and nobody would be able to live fairly.
Answer:
the inventory should be recorded at $8,500
Explanation:
As we know that according to GAAP, the inventory should be recorded at a cost or net realizable value whichever is lower
So as per the question
Historical cost is $12,000
And, the net realizable value is
= Expected selling price - expected selling cost
= $9,000 - $500
= $8,500
So, the lower cost is $8,500
Hence, the inventory should be recorded at $8,500
