Answer:
50 Months
Explanation:
If there is no compound interest it would be 50 Months. You would divide 250,000 by 5,000 to get the months.
Budget reports are generally prepared for a quarter.
Given an incomplete sentence related to the timings of budget reports.
We are required to fill the timing or frequencies given in the options so that the sentence gives an appropriate meaning.
A budgeting report is basically a report managers use that lists the previously estimated budget projections over a certain period.Budget reports are basically the financial goals leadership comes up with based on informed financial projections. Since they are typically estimations, these budget reports almost always differ from the final financial results, sometimes drastically. Quarter is basically a collection of three months.
Hence it can be concluded that budget reports are generally prepared for a quarter.
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Answer:
d. The nominal interest rate was 6 percent and the inflation rate was 1 percent.
Explanation:
Nominal interest rate = real interest rate + inflation rate
Real interest rate is nominal interest rate less inflation rate. The real interest rate represents the real purchasing power of interest paid.
If the interest rate buys 5 percent more goods ,it means that the purchasing power and the real interest rate is 5 percent.
The nominal interest rate is 6 %
Inflation rate = nominal interest rate - real interest rate
= 6% - 5% = 1%
I hope my answer helps you.
Answer:
A) Isabel's after-tax cost for paying the bill in December = $19,000 - ($19,000 x 40%) = $19,000 - $7,600 = $11,400
B) Isabel's after-tax cost for paying the bill in January:
the cost before taxes = $19,000 - ($19,000 x 4%/12) = $19,000 - $63 = $18,937
after-tax cost = $18,937 - ($18,937 x 40%) = $18,937 - $7,575 = $11,362
C) January, since the cost of the debt is lower.
