Answer:
$1,610.51
Explanation:
The complete question is
Bruce takes out a personal loan of $1,000 to go on a trip to Florida. His loan has an annual compound interest rate of 10%. The loan compounds once each year. When you calculate Bruce's debt, be sure to use the formula for annual compound interest.
Bruce borrowed $1,000 for his trip.
If Bruce waits for five years to begin paying back his loan, how much will he owe?
we know that
The compound interest formula is equal to
where
A is the Final amount owed
P is the amount of money borrowed
r is the rate of interest in decimal
t is Number of Time Periods
n is the number of times interest is compounded per year
in this problem we have
substitute in the formula above
Answer:
1. Lower the interest rates in the economy.
2. Increase asset prices
Explanation:
Remember, increase in money supply looks at the total money made available in circulation in an economy. Alternatively it is called liquidation.
The real of an economy takes into consideration the impact of inflation on the value of goods and services produced in an economy.
Therefore lower interest rates as a result of increase in money supply would results in more consumption and borrowing.
While the price of houses, stocks would rise because of the increased money supply.
Answer:
The correct answer is Resources of the company equal creditors' and owners' claims to those resources.
Explanation:
It can be used to determine that the income or income of the consumer is exactly equal to the expense (purchase) of goods, for the determined period of consumption. In other words, by adding the value spent on the acquisition of goods "x" and goods "y". To have such values it is enough to multiply the number of possible units to acquire - in each of the points - by their respective price and then add them; This can be done at any point in the price line.
Answer:
e. 10,500 units.
Explanation:
<em>the equivalent units of production - direct materials</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
<em>the equivalent units of production - conversion costs</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
