Which of the following things can help you get a lower interest rate when you receive a loan?

A $600,000 state lottery prize is spread evenly over twelve years ($50,000 a year) (Alternative 1), or you may take a lump distr

scZoUnD [109]

Answer and Explanation:

The computation of the present values of both alternatives is shown below:

For alternative one, the lump sum amount is

= Yearly payment × PVIFA factor at 8% for 12 years

= $50,000 × 7.5361

= $376,805

And, in the alternative 2, the lumpsum amount i.e. present value is $452,000

So as we can see that the alternative 2 is better as the lumspsum amount is high as compared with the alternative 1

5 0

3 years ago

England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweate

torisob [31]

Answer:

A

Explanation:

The country with a comparative advantage in the production of a good should export the good

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.

England

Comparative advantage in the production of scones = 1/50 = 0.02

Comparative advantage in the production of sweater = 50/1 = 50

Scotland

Comparative advantage in the production of scones = 2/40 = 0.05

Comparative advantage in the production of sweater = 40/2 = 20

England has a comparative advantage in the production of scones and should export scones

Scotland has a comparative advantage in the production of sweaters and should export sweaters

7 0

2 years ago

the accompanying diagram depict's alex's demand for shoes. a. if shoes cost $50 a pair, how many pairs of shoes will alex buy?

luda_lava [24]

If shoes cost $50 a pair, the number of shoes she would buy is 5.

<h3>How many shoes will she buy?</h3>

The image shown is a demand curve. A demand curve shows the relationship between price and quantity demanded. Price is on the y-axis and quantity demanded is on the x-axis.

In order to determine the quantity demanded, trace $50 to the curve and trace it down to the x axis.

Please find attached the diagram used in answering this question. To learn more about the demand curve, please check: brainly.com/question/25140811

#SPJ11

6 0

1 year ago

Western Company is preparing a cash budget for June. The company has $12,000 in cash at the beginning of June and anticipates $3

Leto [7]

Answer:

b. Borrow $2,500

Explanation:

Preliminary balance = $12,000 + 30,000 - $34,500 = $7,500

Amount to borrow = Minimum cash balance - Preliminary balance = $10,000 - $75,000 = $2,500

Therefore, to maintain the $10,000 required balance, during June the company must $2,500.

8 0

2 years ago

Shakira has a balance of $202. 86 in her checking account on Saturday morning. She uses her debit card to pay her cell phone bil

Nataly [62]

Overdraft is a facility provided by bank to make expenses more than that of the balance present in the account of customers. This facility is provided to certain specified customers with high credibility.

Given

Balance is $202.86

Note: Payments will be recognized in descending order because it is the policy of bank to record the highest transaction first.

Payments made are :

$113.92

$80.73

$35.24

$16.89

<h3>Calculations</h3>

$\begin{aligned}\rm Overdraft&= Balance - Payments \\\\
\rm Overdraft&= \$202.86-\$113.92-\$80.73-\$35.24-\$16.89\\
\\\rm Overdraft&= \$ -43.92\end$

Therefore Shakira will be allowed to overdraw from the account as the amount of overdraft is less than $50.

Elaborating further, When we deduct the payments from the balance in descending order we reach on a conclusion that there will be 2 overdrafts made because after deducting $113.92 and $80.73 from the balance amount of $202.86 there will be 2 payments pending amounting $35.24 and $16.89 from the left balance of $ 8.21.

Therefore the correct option will be OPTION B i.e. 2 overdrafts.

Learn more about overdrafts here:

brainly.com/question/14182019

7 0

2 years ago