Answer:
The firm will pay 480 dollars each year as interest payment.
Explanation:
The interest amount is calculated by multiplying the rate of interest with the amount borrowed. In problem loan is 8,000 dollars and rate of interest is 6%, so the interest amount will be calculated as follow
Interest payment = 8,000 * 6% = 480 dollars
Answer: The correct answer is "a. decrease; decrease; decrease".
Explanation: Suppose the Federal Reserve engages in open-market operations. It sells $20 billion in U.S. securities. It also raises the reserve ratio. This causes excess reserves to <u>decrease</u>, the money supply to <u>decrease</u>, and the money multiplier to <u>decrease</u>.
Answer:
In order for Suzanne to be considered an active participant in her stores, she must work at least 31 hours more. That way, her total working hours will be above 500, and she can deduct any losses from her adjusted gross income.
If she doesn't work at least 31 hours more, these activities will be considered passive activities and can only offset passive income.
Explanation:
Answer:
12.5%
Explanation:
We are estimating the probability to be greater than or equal to $337,500
This probability will be
P(X > $337,500) = (high-end estimate - 337500) / (337500 - low-end estimate)
P(X > $337,500) = (350000-337500) / (350000-250000) = 0.125
= 0.125*100
= <em>12.5%</em>
Answer:
B : In Mauer’s general ledger, the ending balances for both the Supplies account and the Accounts Payable account will be too low.
Explanation:
Supplies is an asset account, increase from debit and decrease from credit. In this cae the purchase of supplies increase the balanc but, a mistake is made and is credited thus, decreases.
Account payableis an liability account, increase from credot and decrease from debit . In this cae the purchase on account increase the balance but, a mistake is made and is debited thus, decreases.
This makes b statement correct, both are lower than it should