This is an example of a mental set, which can sometimes be a useful framework for solving problems. In Zelma's case though, her mental set is limited to certain words and she is unable to think of possibilities outside of that set.
Answer:
$880.31
Explanation:
For computing the new price of the bond we need to apply the present value formula i.e to be shown in the attachment
Given that,
Assuming Future value = $1,000
Rate of interest = 8.6% ÷ 2 = 4.3%
NPER = 8 years × 2 =
PMT = $1,000 × 6.5% ÷ 2 = $32.5
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the present value is $880.31
Answer:
The correct answer is $30 billions.
Explanation:
The checkable deposits are given as $140 billions.
The total reserves are $51 billions.
The required reserve rate is 30%.
The required reserves will be
=30% of $140 billions
=![0.3 \times 140](https://tex.z-dn.net/?f=0.3%20%5Ctimes%20140)
=$42 billions
The excess reserves will be
=total reserves-required reserves
=$51-$42
=$9 billions
Maximum expansion by lending will be
=![\frac{excess reserves}{required \ reserve\ rate}](https://tex.z-dn.net/?f=%5Cfrac%7Bexcess%20reserves%7D%7Brequired%20%5C%20reserve%5C%20rate%7D)
=![\frac{9}{0.3}](https://tex.z-dn.net/?f=%5Cfrac%7B9%7D%7B0.3%7D)
=$30 billions
So, the money supply can be expanded by a maximum amount of $30 billions.
The two types of stratification systems are closed systems, which do not allow change in social position and open systems, which are based on achievement and allow movement between levels.
<h3>What is the systems of stratification?</h3>
The major systems of stratification can be described as the system which could be slavery, estate systems, caste systems, and class systems.
It should be noted that in the Western European nations can not be seen as classless but still have much less economic inequality compare with class societies such as the United States.
Learn more about stratification systems at:
brainly.com/question/13016995
#SPJ1
Answer:
d. $121,600
Explanation:
The total sales revenue = 26100 * 14 = $365400
Out of this revenue figure, 61100 is the profit figure which means the total costs are 365400 - 61100 = $304,300
The variable costs amount to = 7 * 26100 = $182700
As we know that the total cost is made up of both fixed and variable costs, the fixed costs will then be,
Fixed cost = Total cost - Variable cost
Fixed Cost = 304300 - 182700 = $121,600