If there is a lot of demand for something and then it gets overproduced you will have excess.
Answer and Explanation:
You will be charged credit card interest on the outstanding balance. Your credit card interest is added to your outstanding balance for each day past your due date of payment(after the month you didn't pay the full amount)
You made a purchase of $750 and paid $150 and so you have an outstanding balance of $600. This outstanding balance will be charged interest on daily basis. Let's assume your APR(your annual interest over 12 months) is 24%, your interest is broken down into months and then days. Your monthly interest is therefore 24/12= 2% and your daily interest = 0.02/30 = 0.00067= 0.0067% per day.
Based on this assumption, you will be charged 0.0067% interest on your outstanding balance each day till you make full payment(interest + outstanding balance)
Answer:
joint tenancy
Explanation:
The question does not specify if Max and Heather are married, it only tells us that their heirs can inherit the estate. If they were married, generally joint tenancy is automatic, which means that both own the property. But joint tenancy can also happen if people aren't married. Maybe they are friends who decided to buy a beach house together, and they both own it and have the right to use it.
Answer:
These are the options for the question:
a. Ultraconservative
b. Conservative
c. Moderate
d. Aggressive
And this is the correct answer:
c. Moderate
Explanation:
The type of investor described in the question can be defined as "moderate". On one hand, the this type of investor pools money to new companies, which is likely a risky action, because many new companies do not survive for long.
On the other hand, this type of investor invests in collectibles, and real estate partnerships, which are safer instruments, because they provide limited liability.
Therefore, an investor that takes decisions that are risky but also decisions that are safe can be classified as a moderate.
Answer:
A
Decision: Project A should be selected.
B
NPV =$40,909.09
Explanation
A
<em>Since the two projects would achieve the same objectives, the project with the lowest initial cost should be selected.</em>
Kindly note that the $2 million already spend on project A is not a relevant cash flow because it is sunk cost. Hence, the initial cos outlay of project A will be $2 million which will be spent should the project be undertaken.
Project B on the other hand would cost $1.5 million in initial cost which is $500,000 cheaper than project A.
Decision: Project A should be selected.
B
<em>The NPV is the difference between the PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite. </em>
NPV of an investment:
NPV = PV of Cash inflows - PV of cash outflow
Initial cost = 50,000
The NPV of the savings
NPV = 100,000× 1.1^(-1) - 50,000= 40,909.09
NPV =$40,909.09
