All categories

3 years ago

What caused the Great Recession of 2008-2009?

Business

1 answer:

aivan3 [116]3 years ago

6 0

Answer:

housing market colapse

Explanation:

The housing market collapse was the cause of the recession as the people were bad rated in the credit score-subprimes- were allowed to have loans that are usually for the prime credit population. This systemic error create a burst on the CDOs collateralized debt obligations which ultimately exploded and crashed the market.

You might be interested in

The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 pe

cricket20 [7]

30 because I don’t know what if I got it back in there at least you know

7 0

2 years ago

7 pounds of raw material are required to make 1 finished unit. The company desires an ending raw materials inventory for each mo

timurjin [86]

Answer:

Instructions are below.

Explanation:

We weren't provided with enough information to answer the request. But, I will give an example and formulas to guide an answer.

For example:

Production in units:

May=20,000

June= 22,000

Beginning inventory of direct materials= 8,000

To calculate the purchase for May, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 20,000*7 + (22,000*7)*0.29 - 8,000

Purchases= 176,660 pounds

7 0

3 years ago

Wolverine Corporation plans to pay $3 dividend per share on each of its 300,000 shares next year. Wolverine anticipates earnings

lesantik [10]

Answer:

new equity $ 1,425,000

new debt $ 950,000

Explanation:

retained earnings

300,000 x (6.25 - 3) = 975.000

If debt is 0.4 of assets then by deifinition:

assets = liab+ equity

1 = 4 + equity

equity = 0.6 (60%)

Retained Earnings breakpoint

975,000 / 0.6 = 1,625,000‬

The company can riase capital expenditured for 1,625,000 and mantaining his capital structure.

As the company need 4,000,000 it will need to raise more capital as it surpass the retained earnings breakpoint.

4,000,000 - 1,625,000 = 2,375,000

2,375,000 x 0.6 = 1,425,000 new equity

2,375,000 x 0.4 = 950,000 new debt

4 0

3 years ago

All currencies are worth exactly the same. Question 45 options: True False

ycow [4]

Answer:

False!

Explanation:

that's why they are different sizes, material, and weight!

Some american dollars are worth alot more than a dollar in say, mexico. Our resources are more valuable.

Glad I could help!

6 0

3 years ago

Read 2 more answers

July 31: during july, ps music provided guest disc jockeys for kxmd for a total of 115 hours. the contract requires ps music to

Cloud [144]

Answer:

The journal entries to record service revenue during July should be:

Dr Cash 3,600

Cr Service revenue (80 hours per month) 3,600

Dr Accounts receivable [(115 - 80 hours) x $40] 1,400

Cr Service revenue 1,400

Since the company has collected only the regular hours provided according to the contract, the remaining hours should be recorded as accounts receivable.

5 0

3 years ago