Answer:
$0.7577
Explanation:
The computation of the finance charge is shown below:
Finance charge = The account balance × monthly rate
where,
The account balance = $50.51
Monthly rate = 18% ÷ 12 months = 0.015
So, the finance charge is
= $50.51 × 0.015
= $0.7577
We simply multiplied the account balance with the monthly rate so that the finance charge could come
All other information is not relevant. Hence, ignored it
Answer: The answer is b. Reduce output in the short run.
Explanation: In production, to determine the quantity of products to supply, the demand of the consumer plays a very vital role. This is because the consumer demand will determine the price at which a company will sell its products.
In the case of Techno above, they would do well to reduce the output in the short run, since demand has reduced, pending when the demand increases. This is because if they maintain their current output of 3000 TV sets per week, they will sell less units and their revenue (price x quantity sold) will be lower than their cost and this will lead to them incurring loss.
So until the recession scare passes, output should be reduced in the short run.
The answer is true. The FDIC is supported by the US government and was created by it the n the stock market crashed in the 1930s.
Answer:
Explanation:
It is always something like B. People born from 1946 - 1955 (those are just numbers), form the majority of the population. They have paid into the pool and they expect to draw out benefits. They have been doing so for at least 8 years.
Health failure is beginning to catch up to this age group and most have not saved for their retirement. Even home ownership is no guarantee that they have the resources to combat what health problems they are having. They need to draw on entitlements. Sooner or later, there won't be any.
