Answer:
27.29 months
Explanation:
Using Present Value Annuity (PV A):
PV A = c x (1- 1/(1+r)^t)/r
c = Monthly repayment
t = time it will take to pay off
r = rate of interest per month
$ 11,500 = $500 x (1 – 1 / (1+0.0125)^t / 0.0125
When you solve this problem you get:
1/(1+0.0125)t = 1 – (($11,500)(0.0125) / ($500))
1/1.0125^t = 0.7125
1.0125^t = 1/0.7125
1.0125^t = 1.4035
t = In 1.4035 / In 1.0125
t = 27.29 months
Answer:
Aggregate expenditure must have increased by $50 billion
Explanation:
We have given level of GDP is increased by $100 billion
Marginal prosperity MPS = 0.5
So multiplier ![m=\frac{1}{1-MPS}=\frac{1}{1-0.5}=2](https://tex.z-dn.net/?f=m%3D%5Cfrac%7B1%7D%7B1-MPS%7D%3D%5Cfrac%7B1%7D%7B1-0.5%7D%3D2)
We have to find the aggregate expenditure change
Aggregate expenditure change is given by
So aggregate expenditure must have increased by $50 billion
Answer:
$11,400
Explanation:
Income Statement
For the year ended December 31, 2019
Particulars Amount
<u>Revenues</u>
Service revenue $37,900
<u>Expense</u>
Salaries & wages expense $16,000
Insurance expense $2,900
Rent expense $3,400
Supplies expense $2,500
Depreciation expense <u>$1,700</u>
Total expenses <u>$26,500</u>
Net income (loss) <u>$11,400</u>
Answer:
False
Explanation:
Forward Vertical Integration occurs when a company acquires one of its suppliers.
In this case, we do not have an example of forward vertical integration because the owner of the jewerly store did not purchase the supplier: the diamond brokerage firm. He instead opted to start his own brokerage firm.
The case in the question is an example of forward vertical integration, that occurs when a company moves along the supply chain by starting its own subsidiares instead of buying existing ones.
Answer:
The correct answer is letter "A": true.
Explanation:
Companies using the process costing approach accumulate and assign costs to mass production of a good. Instead, job order costing assigns costs of manufacturing to individual units of production. In process costing, the costs are reported from one department involved in manufacturing to another following the production process. On the other hand, in job order costing, the costs are reported in job cost cards as they are being used.