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4 years ago

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A loan for $100,000 is fully amortized over 25 years with payments of $772 per month, including interest of 8% per annum. the fi

rst month's interest, rounded to the nearest dollar, is:

1 answer:

Ilya [14]4 years ago

6 0

I THINK ITS MIDDLE FINGERS AT THESE AHOLE MODERATORS

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What will happen to the firms equilibrium wage rate when the supply of labour decrease from 25 to 15? Explain with the help of d

Tpy6a [65]

Answer:

Wage rate = $960

Explanation:

Supply of labor is the number of hours workers are willing to work at a given real wage rate. When wage rate increases, supply of labor also increases because more people are encouraged as now they can obtain a higher income. When wage rate decreases, labor supply also decreases.

<em><u>View diagram</u></em>

In this case, however, there has been a decrease in supply, causing the supply curve to shift from S to S1. This can be due to many reasons such as migration, increase in minimum working age or increase in interest in education causing more people to study. When the supply of labor falls, there are less people available for work. Thus, demand exceeds supply, causing a shortage. Hence, the pressure causes price, i.e. wage rate to increase. To determine by how much the increase is, cross-multiplication can be used:

At 25 laborers, wage rate is $600 (25 = 600)

At 15 workers, wage rate is X (15 = X)

We now substitute for X, which is the amount by which wage rate will increase.

25 / 600 = 15 / X

Thus, 25X = 9000 (600 x 15)

9000 / 25 = X

X = 360.

Hence, wage rate at 15 laborers is 600 + 360 = $960

3 0

3 years ago

A number of business transactions carried out by Smalling Manufacturing Company are as follows.

zavuch27 [327]

Answer and Explanation:

The indications of the effect of each of following transactions are as follows

Particulars Assets Liabilities Stockholder equity

a. Borrowed

money from bank Increase Decrease No effect

b. Sold land for Cash increase No effect No effect

cash at Land decrease

a price equal

to its cost

c. Paid a liability Decrease Decrease No effect

d. Returned for credit Decrease Decrease No effect

some of the office

equipment previously

purchased on credit

but not yet paid for

e. Sold land for cash at Cash increase No effect Increase as Gain

a price in excess of cost Land decrease

f. Purchased a computer Increase Increase No effect

on credit

g. The owner invested

cash in the business Increase No effect Increase

h. Purchased office Increase in office No effect No effect

equipment for cash Decrease in cash

g. Collected an Increase in cash No effect No effect

account receivable Decrease in account

receivable

7 0

4 years ago

"The internal rate of return method differs from the net present value method in that it results in finding the" _______________

Elenna [48]

Answer: profitability

Explanation: The internal rate of return method differs from the net present value method in that it results in finding the profitability of the potential investment.

In capital budgeting which is the process by which companies determine whether a new investment or expansion opportunity is worthwhile and if undertaken, could either yield net profits or losses for the company, both the net present value (NPV) (present value of cash inflows minus the present value of cash outflows over a given period time) and the internal rate of return (IRR) methods are employed.

How does the IRR method determine profitability? - This it does by using a percentage value rather than a dollar amount and therefore is advantageous in representing the possible returns of investments by comparing it with other alternative investments.

4 0

3 years ago

predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning of the most recently complete

Papessa [141]

Answer:

Total overhead rate = $34.17 per machine hour

Explanation:

The total overhead rate would the sum of the variable overhead rate and the fixed overhead rate

<em>The pre-determined fixed overhead absorption rate = Estimated fixed overhead /Estimated machine hours </em>

<em>DATA:</em>

<em>Estimated overhead - $256,500.</em>

<em>Estimated machine hours - 10,000 machine hours</em>

The pre-determined fixed overhead absorption rate =

$256,500/ 10,000 machine hours = 25.65 per hour

<em>The pre-determined overhead absorption rate = $25.65 per hour</em>

Total overhead rate = Variable rate + Fixed rate

= $8.52 + $25.65 = $34.17

Total overhead rate = $34.17 per machine hour

3 0

3 years ago

The demand for cable television is relatively elastic, because if the price gets too high, people will rent dvds or videos inste

elena-s [515]

The answer is the producer

3 0

3 years ago

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