Answer:
Option C is correct one.
<u>The rate of return of this project when expressed as an APR is 12.10%</u>
Explanation:
Here initial cost of project pv = -$241,000
monthly payment pmt = $5,730
time nper = 55 months
Monthly rate of return RATE = RATE(nper,pmt,pv)
= RATE(55,5730,-241000)
= 1.01%
APR = 12* monthly rate of return = 12*1.01% = 12.10%
Answer:
A.) Medium of exchange - Here money is used for doing transaction and therefore, this example is under the medium of exchange.
B.) Store of value - Here, a person store or deposits his money into a bank and therefore, this shows the store of value characteristic of money.
C.) Medium of exchange - Here, one of my friend utilize money for helping me mowing lawns which shows that money is used as a medium of exchange.
D.) Unit of account - The unit of account characteristic of money is reflected here because a person easily calculated his net earnings for the year on the tax return in terms of money.
E.) Unit of account - The unit of account characteristic of money is reflected here because a person easily calculated his new lawn mower value.
Answer:
$7.50
Explanation:
Earnings per share = Earning attributable to holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding
therefore,
Earnings per share = ($160,000 - $10,000) ÷ 20,000
= $7.50
thus,
The company's earnings per share on common stock is: $7.50
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
The law of demand states that, other things remaining the same, if the price of a good rises, the quantity demanded of that good decreases; and if the price of a good falls, the quantity demanded of that good increases.
