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4 years ago

What are the importance and roles of co-operative societies

Business

1 answer:

Elina [12.6K]4 years ago

8 0

The aim is to investigate the ways in which cooperatives can act as agents towards sustainable community development.

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CNBC.com reported mortgage applications increased 9.9% due to a decrease in the rate on 30-year fixed rate mortgages to 4.03%. D

guapka [62]

From the information given, the total interest payable on the mortgage is 290, 659.84 See the calculation and analysis below.

<h3>What is the calculation on the above mortgage scenario?</h3>

We are given

Vacation Home purchase amount = $250,000

Down payment = 20% i.e. $235,000 X 20% = $50,000

Loan Amount = $250,000 - $50,000

Rate = 7%

Period = 22 years = 22 x 12 = 264 monthly installment

Monthly installment = $1,858.56 (See attached spread sheet).

Recall that Total interest paid

= Monthly Installment X N - Principle loan amount

Hence,

1,858.56 x 264 - 200,000

= 490,659.84 - 200,000

Total interest paid = 290, 659.84

Learn more about interest on mortgage at;
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7 0

2 years ago

Emerson Inc.'s would like to undertake a policy of paying out 45% of its income. Its latest net income was $1,250,000, and it ha

AfilCa [17]

Answer:

$2.50

Explanation:

Given that,

Dividend Paying out under a policy = 45% of its income

Net income = $1,250,000

Number of shares outstanding = 225,000

Total dividends:

= 45% of its income

= $ 1,250,000 × 45%

= $562,500

Dividend per share:

= Total dividends ÷ Number of shares outstanding

= $562,500 ÷ 225,000

= $2.50

7 0

3 years ago

Is a company bonus earned income?

katrin2010 [14]

<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>

7 0

3 years ago

Due to high unemployment, people travel less, which affects the markets for things like hotel rooms and gasoline. Which economic

stira [4]

Answer:

movement down the demand curve.

Explanation:

Analyzing the information above, it is possible to determine that demand is directly affected by high unemployment rates, that is, with less disposable income, people change their consumption habits, which can influence travel and adjacent markets, that is, with fewer people traveling, the less the number of hotel reservations and the less the number of cars on the road traveling, which directly influences the downward movement of the demand curve.

5 0

3 years ago

Assume that the inflation rate becomes much lower in the United Kingdom relative to the United States. This will place ____ pres

valentinak56 [21]

Answer:

This will place <u>DOWNWARD</u> pressure on the value of the British pound. Also, assume that U.K. interest rates begin to decline relative to U.S. interest rates. The change in interest rates will place <u>UPWARD</u> pressure on the value of the British pound

Explanation:

When high inflation occurs, the value of a currency falls, so it should depreciate against other currencies. High inflation means that a certain amount of money will buy less amount of goods than it used to in the past.

If the interest rates of a country start to rise, more investors will be willing to invest in that country just to earn higher returns (higher interest rates = higher returns). Since investors will increase their purchase of the currency, then that will appreciate the currency against other foreign currencies until the effect of the high interest rates is cancelled out.

5 0

3 years ago