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3 years ago

A few of the tools economists use to evaluate the macroeconomy are

1 answer:

8 0

<span>A few of the tools economists use to evaluate the macroeconomy are supply and demand graphs, unemployment charts, and inflation vs. deflation graphs. They measure this by Gross Domestic Product(GDP), a national pole of who is employed, and also consumer reports to see what is being purchased most versus least.</span>

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1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?

Alina [70]

1. How much interest would you pay on a loan of $1,230 for 15 months at 15 percent APR if the interest is 18.75 per $100?

The chart probably refers to interest per $100 of loan. So, the interest for a $1,230 loan would be (1230/100) * 18.75 = 230.625 ~ 230.63
So, the answer will be B $230.63.

2. Sherri borrowed $3,200 at 13 percent APR for 18 months. If she must pay 19.5 per $100, what is the total interest?
3,200 / 100 = 32 ... x 19.5 = 624
Principal x int rate x time = 3200 x .13 x 1.5 yr = 624 interest

So, the answer will be the A $624.

3. What is the total amount that Sherri (in question number 2) will repay?

The correct answer will be the $3,824.

7 0

3 years ago

Assuming that transactions costs are sufficiently low, the Coase theorem results in the economic pie being maximized, regardless

Rainbow [258]

Answer:

Explanation:

Based on the information provided within the question it can be said that the main impact of the legal constraints would be that they have the ability to change the way that the economic pie is divided among the different parties, which in term can completely change their well-being. This is because those that receive more wealth are able to provide a better quality of life that those that did not.

5 0

3 years ago

On January 1, 2020, Jacobs Company sells land financed through an $80,000 note, issued by Andress Company. The note is an $80,00

12345 [234]

Answer:

Entries are shown below.

Explanation:

To record the journal entries, we first need to calculate interest payment and principal as per the present value. This is done below:

PV Factor Present Value

Interest Payment $6,400 1.7125 $10,960

Principal $80,000 0.8116 $64,928

$75,888

<u>Journal Entries</u>

Date Particular Debit ($) Credit ($) Working

Jan 1, 2020 Note Receivable 80,000

Discount on Receivable 4,112

Land 75,888

Dec 31, 2020 Cash 6,400

Discount on Receivable 1,948 (8348-6400)

Interest Revenue 8,348 (75888*11%)

Dec 31, 2021 Cash 6,400

Discount on Receivable 2,162 (4279-3600)

Interest Revenue 8,562

(75888+1,948)*11%

Dec 31, 2021 Cash 80,000

Notes Receivable 80,000

7 0

3 years ago

Jan sold her house on December 31 and took a $35,000 mortgage as part of the payment. The 10-year mortgage has a 8% nominal inte

slamgirl [31]

Answer:

attached below

Explanation:

7 0

3 years ago

At the beginning of the month, the baking department of Mario Company had no beginning work in process inventory. At the end of

Phantasy [73]

Answer:

600 Units

Explanation:

Given:

Opening balance of inventory = 0 units

Ending balance of the month = 800 units

Finished units during the month = 1,200 units

Completed work in progress = 75% = 0.75

Ending work in process inventory = ?

Computation of ending work in process inventory:

Ending work in process inventory = Ending balance of the month × Completed work in progress

= 800 × 0.75

= 600 units

6 0

4 years ago