Answer:
<u>Equity</u>
Explanation:
Equity in a financial budget would refer to those financial policies relating to taxation of incomes and investments, spendings , etc which are formulated after taking into account the interests of all the sections of the society.
If a budget is favorable to the rich or to the poor, the budget is biased and unbalanced and thus lacks the essential criteria of equity which is justness and fairness to all.
In the given case, a certain section of the masses felt unfair amount of financial burden. Hence, as per the section, the budget is unfair or unequal i.e it burdens one section more than others.
Answer:
IRR 6% for Jabob
His friend will need 12 years saving cash to obtain their collegue funds.
Explanation:
We will solve for the rate being the annuity of 3 payment of 800
and the present value 2,138.41
C 800
time 3
PV 2,138.41
rate ?
To solve we can use excel, a financial calculator or trial and error
For excel we will do the following:
write the list of cash through the loan life:
-2,138.41
+800
+800
+800
then we write in the empy cell
=IRR(
select the values and press enter
This will give the IRR which is 6%
For the second assignment:
we need to solve for time:
C 3,800
time n
rate 0.06
PV $31,897
We work out the formula:
Now we solve the right side and apply logarithmic properties
-n = -11.77128325
n = 11.77
It will take 12 years to obtain their target amount
The two measures of instability in economic growth are high unemployment rates and inflation
Answer:
Direct Labor hours 9,600
Direct Labor Cost $192,000
Factory Overhead $105,600
Explanation:
2,400 units
<u>Direct Labor Hours</u>
2,400 x 4hs x = 9,600
<u>Dorect Labor Cost </u>
9,600 hours x $20 = $192,000
<u>Factory Overhead</u>
9,600 hours x 11 = 105,600
From the above information, it can be concluded that Without knowing the application fees, it is impossible to say which bargain is better.
<h3>What are application fees?</h3>
An application fee is money paid to a property owner in order for them to determine eligibility to rent an apartment. Application fees may appear to be a ploy to extract every last penny from tenants, but they serve a function and are rather frequent.
In the above scenario, first bank offers a loan at 7% and second bank offers a loan at 7.5% and both have added the application fees. There is no way to tell which bargain is better without learning the application fees.
Therefore, it can be concluded that application fees amount is necessary to know.
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