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Travka [436]
3 years ago
14

Which is the correct way to write $450.05 in words on a check?

Business
2 answers:
zysi [14]3 years ago
8 0
According to the regulations in the united states, the correct way to write
 $ 450.05 in words on check would be :

Four hundred fifty and 05/100

hope this helps
Anton [14]3 years ago
4 0
<span>Which is the correct way to write $450.05 in words on a check?<span>

</span>Answer: The correct way to write the number shown above in words on a check is the following: Four Hundred Fifty and 05/100.

<span>I hope it helps, Regards. </span></span>
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Firms organizing production in centrally powered factories did all of the following
iogann1982 [59]
C. Reduce consumer reliance on trade
7 0
3 years ago
Households and firms with savings lend money to banks and other financial institutions. The credit supply curve shows the relati
Varvara68 [4.7K]

Answer:

B and C only.

Explanation:

The options of this question wasn't provided. Here are the options:

A.

higher real interest rate induces more investment.

B.

higher real interest rate discourages current consumption.

C.

higher real interest rate encourages more saving.

D.

all of the above.

E.

B and C only.

It is assumed that households either spend disposable income on consumption or savings. If interest rate is high, it would encourage households to save instead of spending on consumption. The same argument extends to firms.

This explains why the credit supply curve is upward sloping or positively sloped, the higher the interest rate, the higher the savings rate and the higher the credit supply. Conversely, the lower the interest rate, the lower the savings rate and the lower the credit supply.

I hope my answer helps you

8 0
4 years ago
Whipple Corp. just issued 260,000 bonds with a coupon rate of 5.90 percent paid semiannually that mature in 25 years. The bonds
castortr0y [4]

Answer:

Amount raised = $236,027.47  

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>

Value of Bond = PV of interest + PV of RV

The value of bond for Whipple Corp can be worked out as follows:

Step 1  

PV of interest payments

Semi annul interest payment  

= 5.6% × 2000 × 1/2 = 56

Semi-annual yield = 6.34%/2 = 3.17 % per six months

Total period to maturity (in months)

= (2 × 25) = 50 periods

PV of interest =  

56 × (1- (1+0.0317)^(-50)/0.0317)= 1395.49

Step 2  

PV of Redemption Value

= 2000 × (1.0317)^(-50)

= 420.105

Price of bond

= 1395.49 + 420.10

= $1815.60

The amount raised = price per bonds× Number of unit

= $1815.595× 260,000/2000=  $236,027.47  

Amount raised = $236,027.47  

7 0
3 years ago
Holding all else constant, an increase in preferences by Mexicans for U.S. goods will ______ the demand for dollars in the forei
Finger [1]

Answer:

D. Increase; increase

Explanation:

Exchange rate is defined as the amount of one currency that can be exchanged for another currency at a particular time.

Demand and supply affects exchange rates of currencies.

Currencies that are in more demand tend to have higher exchange rates, while those with low demand will have low exchange rate.

In this instance an increase in preference for US goods will cause an increased demand for dollars. The dollar becomes stronger against the Peso.

It will take more pesos to purchase the dollar, so equillibrum exchange rate of peso to dollar will increase.

4 0
3 years ago
Forty Winks Corporation manufactures night stands. The production budget shows that Forty Winks Corporation plans to produce 1 c
suter [353]

Answer:

Budgeted direct labor cost= $10,150

Explanation:

Giving the following information:

Production:

March= 1,400 units

April= 1,500 units

Each nightstand requires 0.25 direct labor hours in its production. Direct labor rate of $ 14.00 per direct labor hour.

To calculate the production budget cost for direct labor, we need to use the following formula:

Direct labor cost= total direct labor hours*direct labor rate

<u>March:</u>

Direct labor hours= 0.25*1,400= 350 hours

<u>April:</u>

Direct labor hours= 0.25*1,500= 375 hours

Budgeted direct labor cost= (350 + 375)*14= $10,150

7 0
4 years ago
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