Answer: 21%
Explanation: The developer purchased 3 properties and he can buy each property for $20 per square foot.
Therefore: 75 × 110 =8250 square feet.
8250 × $20 = $165 000 per lot.
Each lot was sold for $200 000. Which means the developer made profits of:
$200 000 - $165 000 = $35 000 per lot.
The percentage of profit on each lot is:
Percentage of profit on cost amount:
= 
= 0.2121212 recurring × 100
= 21,21%
Percentage of profit on sale amount:
= 
= 0.175 × 100
= 17,5%
Answer:
Increase
fall
Explanation:
A recession occurs when the gross domestic product of a country for two consecutive quarters is negative.
Annually balanced budget is a budget where at the end of every year, revenue must equal expenditure.
If in a recession, a government is under pressure to maintain a balanced budget, the government would need to increase taxes. this is because income would be less than government expenditure as a result of the recession. In order to maintain a balanced budget, the government can either increases taxes are reduce expenditure.
When taxes are increased, disposable income falls and this causes aggregate demand to fall
Answer:
Coupon rate is 7.41%
Explanation:
Using the price formula , the yield to maturity can be calculated first of all:
Bond price=coupon interest /yield to maturity
Bond price is $1080
coupon interest is 8%*$1000=$80
$1080=$80/yield to maturity
$1080*yield to maturity=$80
yield to maturity=$80/$1080
=7.41%
However if the price of the bond becomes the par value, the coupon rate can be calculated thus:
$1000=coupon payment/7.41%
coupon payment =$1000*7.41%
coupon payment=$74.1
coupon rate=$74.1/100=7.41%
