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3 years ago

Someone with dollar bills to lend will never agree to make a loan with a nominal interest rate of less than zero because:

1 answer:

7 0

<span>Having a nominal interest rate less than 0 would mean that a depositor pays a bank to hold its money. If the annual nominal interest rate is negative 1 percent, a deposit of $1000 dollar would come out $10 dollar short the following year which is why someone with dollar bills will never agree to loan with a nominal interest rate that is negative percent.

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7. Why might some construction workers be paid more than some teachers?<br>

DENIUS [597]

Answer:

hazard pay

Explanation:

in the working field if your job is considered dangerous you get hazard pay for "potentially risking your life" while as ateacher there is not a similar threat.

hope this helped!!

4 0

3 years ago

Carmel Company has a frequent buyer program for its customers, where the customers can attain an "elite" level based on the numb

lisov135 [29]

Answer:

a.Titanium = $2,890,500

Platinum = $5,185,000

b. Platinum is more profitable

Explanation:

The computation of given question is shown below:

For Titanium

Total gross margin = 5,000 × $1,590

= $7,950,000

Salaries and bonus of Customer representative = ($68,000 × 5,000 ÷ 200) + (1% × $7,950,000)

= $1,700,000 + $79,500

= $1,779,500

Promotion cost = $2,850,000 × 80%

= $2,280,000

Excess of gross margin over customer costs = Total gross margin - Salaries and bonus of Customer representative - Promotion cost

= $7,950,000 - $1,779,500 - $2,280,000

= $2,890,500

For Platinum

Total Gross margin = 20,000 × $ 325

= $6,500,000

Salaries and bonus of Customer representative = ($68,000 × 20,000 ÷ 2,000) + (1% × $6,500,000 )

= $680,000 + $65,000

= $745,000

Cost of promotion = $2,850,000 × 20%

= $570,000

Since, 80% is allocated for promotion expenses of titanium so we assume 20% for Platinum

Excess of gross margin over customer costs = Total Gross margin - Salaries and bonus of Customer representative - Cost of promotion

= $6,500,000 - $745,000 - $570,000

= $5,185,000

B. Since, Platinum is higher than Titanium. So, Platinum is more profitable.

4 0

3 years ago

Basic courses offered specifically to prepare students for college-level courses are called

natali 33 [55]

D) Developmental courses

These are courses that are given to students upon placement test scores that show that the student may not be prepared for the class.

3 0

3 years ago

Read 2 more answers

During a company's first year, the asset account, Office Supplies, was debited for $2,600 for the purchases of supplies. At year

Sauron [17]

Answer:

Supplies Expense 1625 Dr

Supplies Account 1625 Cr

Explanation:

First, we need to determine the supplies expense for the period. The supplies expense can be calculated by deducting the year end supplies balance from the supplies account balance.

The supplies expense = 2600 - 975 = $1625

The adjusting entry that will be made at the end of the period is,

Supplies Expense 1625 Dr

Supplies Account 1625 Cr

4 0

3 years ago

Shale Oil Corporation combines its assets and debts with those of Tierra Frakking Company to form Unified Resources, Inc. Shale

andriy [413]

Answer:

1. c. a consolidation

2. a. all of Shale's and Tierra's assets

3. c. all of Shale's and Tierra's debts

Explanation:

1. When multiple companies join up together to form a new company, this is called a Consolidation which is what Shale Shale Oil Corporation and Tierra Frakking Company did when they formed Unified Resources, Inc.

2. In a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources acquires all of Shale's and Tierra's assets.

3. As previously stated, in a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources assumes all of Shale's and Tierra's debts as well.

7 0

3 years ago