Answer:
16.67%
Explanation:
Calculation to determine what percentage of your salary must you save each year
First step is to calculate the Annual savings
Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]
Annual savings=$5 million*0.07/(1.1^40-1.03^40)
Annual savings=$8333.88
Now let determine the percentage of the salary you must save each year
Proportion of savings=$8333.88/$50,000
Proportion of savings=0.1667*100
Proportion of savings=16.67%
Therefore the percentage of your salary that you must save each year is 16.67%
Answer: When the price of the flour falls, the equilibrium price of the cream rises and the equilibrium quantity of the cream cheese also rises
Answer A is correct
Explanation:
if flour is cheaper, bagels are chepear so demand increases and both equilbrium price and equilibrium quantity rises
Answer:
0.82
Explanation:
Calculation to determine the firm's asset beta
Using this formula
Firm's asset beta=Equity beta/(1+/D/E)
Let plug in the formula
Firm's asset beta=1.2/(1+0.47)
Firm's asset beta=1.2/1.47
Firm's asset beta=0.816
Firm's asset beta=0.82 (Approximately)
Therefore the firm's asset beta is 0.82
Answer:
Although credit cannot be granted at this time, we welcome your cash business and encourage you to reapply in the future.
Explanation:
In business communication when conveying a message that is not pleasant to the other party, it is advisable to demphasise the bad news and focus on the good news in your statement.
This will create a more positive environment that promotes future business.
In the first statement the client was just told - We cannot grant your credit at this time.
This emphasises the bad news.
In the second statement the client was told - Although credit cannot be granted at this time.
Using the word although demphasises the credit rejection and focuses more on the client's cash business and the possibility of reapplying in the future.
An unsecured loan certificate issued by a company, backed by general credit rather than by specified assets.ORa long-term security yielding a fixed rate of interest, issued by a company and secured against assets.
Seriously just google it