Leroy works 40 hours per week as a tire-store manager. If he made $25,480 last year, how much was he paid per hour?

A borrower signs the note and mortgage for a re-finance on his principal residence on Thursday, Dec. 31. What is the earliest da

maxonik [38]

Answer: The earliest the funds could be disbursed would be Wednesday the 6th.

Explanation:

Federal holidays and Sundays are not counted when considering the 3business days rescission period for loans principal residences. The borrower has the opportunity till midnight on these 3 business days after landing papers are signed, the days are Saturday, Monday and Tuesday. With this consideration's, the earliest the funds could be disbursed would be Wednesday the 6th.

8 0

3 years ago

True or false: japan generally runs a significant trade surplus because of the structural barriers against imports into japan

ololo11 [35]

The statement, Japan generally runs a significant trade surplus because of the structural barriers against imports into Japan, is true.

As Japan's savings rate is high relative to Japan's domestic investment, Japan generally runs a trade surplus. Thus, the result is high net capital outflow which is matched by high net exports, resulting in a trade surplus.

Japan's overall trade surplus is the result of its exports in the scientific and optical equipment, rubric machinery, semiconductors, electronic parts, and telecommunications equipment. Now the current account surplus has been shrinking for four fiscal years in a row.

Hence, in 2019, Japan reported the biggest trade surpluses with different countries.

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5 0

2 years ago

Which of the following statements are true about recession?

timofeeve [1]

The TRUE statements about recession are as follows:

a. After a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.

c. During a recession, the rate of change in government spending tends to increase, which leads to an increase in the real GDP.

<h3>What are recessions?</h3>

Recessions are significant declines in economic activities. They are felt greatly in real GDP, income, and employment.

Recessions are characterized by many business and bank failures, slow or negative growth in productive activities, and elevated unemployment.

Thus, the true statements about recessions are <u>Options A and C</u>.

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4 0

2 years ago

If the reserve requirement is 25%, a new deposit of $1,000 leads to a potential increase in the money supply of

Nezavi [6.7K]

Based on the information given regarding the reserve requirements, there'll be an increase in the money supply by $4000.

A reserve requirement simply means a regulation by the Central Bank where commercial banks set a minimum amount that must be held in liquid assets.

Since the reserve requirement is 25%, a new deposit of $1,000 leads to a potential will lead to an increase in the money supply of $4000. This was calculated thus:

= $1000 / 25%

= $1000 / 0.25

= $4000

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5 0

2 years ago

A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years and a residu

WITCHER [35]

Explanation:

The computation of the depreciation expense for the first year and the second year is shown below:

a) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

= ($3,900 - $300) ÷ (4 years)

= ($3,600) ÷ (4 years)

= $900

In this method, the depreciation is same for all the remaining useful life

So, in year 2 the depreciation expense is also $900

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 1, the original cost is $3,900, so the depreciation is $1,950 after applying the 50% depreciation rate

And, in year 2, the $1,950 × 50% = $975

3 0

3 years ago