Answer: The answers are given below
Explanation:
From the question, we are informed that First National Bank charges 14.4 percent compounded monthly on its business loans and that First United Bank charges 14.7 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank.
The formula to calculate the effective annual rate will be:
EAR = (1+ i/n)^n – 1.
where,
n = number of compounding periods for the year.
First National Bank is compounded monthly on its business loans. This means that n = 12 since there are 12 months in a year.
First United Bank is compounded semiannually. This means that n = 2 since it's compounded semiannually.
EAR for First National Bank will be:
n = 12
I = 14.4% = 14.4/100 = 0.144
EAR = (1+ i/n)^n – 1
= (1 + 0.144/12)^12 - 1
= (1 + 0.012)^12 - 1
= (1.012)^12 - 1
= 0.1539
=15.39%
EAR for First United Bank will be:
n = 2
i = 14.7% = 14.7/100 = 0.147
EAR = (1+ i/n)^n - 1
= (1 + 0.147/2)² - 1
= (1 + 0.0735)² - 1
= (1.0735)² - 1
= 0.1524
= 15.24%
In a perfectly competitive market in long-run equilibrium, an increase in demand creates economic profit in the short run and <u>induces entry</u> in the long run.
<u>Explanation:</u>
In optimal competition, equilibrium is the position where consumer demands are equal to market supply. In the short term demand will impact equilibrium. In the long run both a product's demand and supply would affect the balance in perfect competition.
In the long run, companies participating in a perfectly competitive market gain zero income. The long-run equilibrium position for a perfectly competitive market emerges in which the demand curve (price) collides the marginal cost curve (MC) and the Average Cost (AC) curve minimum point.
Answer:
The answer is "away from; can"
Explanation:
It concentrates upon on short-term change. Keynesian recommended increasing government expenditure & lower taxes, depending upon his theory, to stimulate demand and to pull the global economy out of depression. He believed the conventional economic theory didn't offer a strategy of ending depressions. He stated that uncertainty led individuals and companies to stop investment spending, and the state had to act to invest money to restore the market.
Answer:
$2142.57
Explanation:
-The first step is to calculate the security tax and Medicare tax
If the total earning of Portia grant for the month of January is $8,838 then the security tax and FICA Medicare tax can be calculated as follows
Security tax= 6.2/100×8,838
= 0.062×8,838
= 547.95%
Medicare tax= 1.45/100×8,838
= 0.0145×8,838
= 128.15%
-The next step is to calculate the total amount of taxes
The SUTA and FUTA taxes is the amount of tax that is paid by the owner of the organization and as such they are not included in Portia's earning
If the Federal income tax withheld is $1,466.47 then, the total amount of tax withheld from Portia's earning can be calculated as follows
= 547.95+128.15+1,466.47
= $2142.57
Hence the total amount of taxes withheld from Portia's earning is $2142.57
The answer is True.
Explanation:
I took the dang test.