Answer:
$1,320.19
Explanation:
Loan amount = $225,000
Rate = 5.80%
Years = 30
PMT = ?
Initial payment = PMT(Rate/12, Years*12, -225,000)
Initial payment = PMT(5.80%/12, 360, -225,000)
Initial payment = 1320.185230439806
Initial payment = $1,320.19
Therefore, the initial payment on the loan is $1,320.19
In economics, short run is time frame in which the quantities of quantities of some factors of production are fixed; and long run is period of time in which quantities of all the factors of production that can be varied.
<h3>
What is production?</h3>
Production is the process of mixing several inputs, both material (like metal, wood, glass, or polymers) and immaterial (like plans, or information) in order to produce output. A valuable good or service that enhances people's utility will be this output's ideal form. Production theory is the branch of economics that focuses on production; it is closely tied to the consumption theory of the economy. Utilizing the first inputs productively leads directly to the manufacturing process and results. Land, labor, and capital are regarded as the three major production components and are known as primary producer commodities or services. These essential ingredients do not substantially change during the output process or turn into a complete part of the final product.
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Im not even in business and I know it is a balance sheet
Answer:
The current weekly wage rate in the labor market is:
$453.20
Explanation:
a) Data and Calculations:
The average hourly earnings of all employees in the United States stands at 11.33 U.S. dollars.
For 8 hours a day, this will translate to $90.64 ($11.33 * 8)
For 5 days a week, the wage rate will be $453.20 ($90.64 * 5) or ($11.33 * 40).
b) The above rate is for wage workers, who are usually paid per day or per week. For salaried workers, the rate will be much higher and with some ranges, since salaries are not based on the factor of hourly or weekly rates.
If a decrease in income leads to an increase in the demand for sardines then sardines are an<u> inferior good.</u>
What is demand?
Demand can be defined as the amount of goods consumer are ready and willing to buy at a particular period of time.
On the other hand an inferior good occur when a product that is highly in demand begin to fall or drop because the people does not demand for the product again and this can happen when income rises.
Therefore If a decrease in income leads to an increase in the demand for sardines then sardines are an<u> inferior good.</u>
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