How does one pay off a 30 year mortgage in 3 years?

If the Board of Governors of the Federal Reserve increases the reserve requirement then the money supply will decline. True Fals

Umnica [9.8K]

Answer:

i think the answer is true please let me know if it is incorrect

Explanation:

5 0

3 years ago

if a new poverty measure were calculated to include wealth (total debts subtracted from total assets), that new poverty measure

Rufina [12.5K]

If a new poverty measure were calculated to include wealth (total debts subtracted from total assets), that new poverty measure would reflect the fact that since the definition of poverty includes both wealth and income, it has taken on a two-dimensional form, meaning that different people with the same level of wealth may have different poverty levels. Similar to this, individuals with the same income level may have various levels of poverty.

Access to clean water, food, shelter, and clothing are examples of basic needs that can be used to gauge one's level of poverty. It has been proven that people can earn enough money to cover their basic needs but still spend it poorly.

to know more about poverty measure visit

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3 0

1 year ago

Michael has been saving his money and wants to invest it. after doing some research, he has decided to invest $20,000 into a cer

ivolga24 [154]

Answer: Micheal will earn an interest of $600 in the first year based on nominal interest rates.

Since we need to compute the interest paid out at the end of year 1, we use the following formula in order to find the interest

$SI = P * N * R$

where

SI = Simple interest

P = Principal or initial amount invested

N = Number of years

R = Nominal interest rate

Nominal interest rate refers to the rate quoted on the CD or the rate agreed upon. In this question, the nominal interest rate is 3%.

Substituting the values in the formula above we get,

$SI = 20000 * 1 * 0.03$

$SI = 600$

8 0

3 years ago

Read 2 more answers

July 15 Declared a cash dividend payable to common stockholders of $165,000. Aug. 15 Date of record is August 15 for the cash di

lions [1.4K]

Answer:

July 15

Debit: Retained Earnings $165,000

Credit: Cash Dividend Payable $165,000

Aug 15

No entry Required.

Aug 31

Debit: Cash Dividend Payable $165,000

Credit: Cash $165,000

Explanation:

The date of declaration is the date on which Board of Directors decides to pay the dividends to Stock Holders and the Liability is created.

On the other hand, Date of Record is merely decision made by Stock Holders on the amount announced on the date of declaration, that how this amount will be distributed among them, So there is no journal entry required on this date.

The date of payment is the date when the dividend liability is paid off to the stock holders, hence the contra entry is made in Dividends Payable Account to cancel out the transaction.

July 15

Debit: Retained Earnings $165,000

Credit: Cash Dividend Payable $165,000

<em>To record Cash Dividend of $165,000 Declared.</em>

Aug 15

The date of record is merely announcement of which stock holders receives dividends, so no entry required on this date.

Aug 31

Debit: Cash Dividend Payable $165,000

Credit: Cash $165,000

<em>To record payment of $165,000 Cash Dividend declared on July 15.</em>

6 0

3 years ago

When its sales were declining, canadian airline conducted a marketing survey to understand the expectations of the business trav

Montano1993 [528]

Answer:

The correct answer would be, The Canadian Airline would have used Lost Customer Recovery Strategy.

Explanation:

When the sales of the Canadian Airline declines, they surveyed their target market which is Business Class Travelers. From the responses of the customers, they found out that customers feel bounded by the staff of the airplane. They think that they were totally controlled by the staff on board.

Now if the Canadian Airline would have surveyed their former customers, then they would have known why they left their airline, and what was their concerns and what they want in this airline; then the strategy used by them would have Lost Customer Recovery Strategy.

7 0

3 years ago