Answer:
Explanation:
Rate per period =15% = 15/12 monthly
Payment(PMT)=$1,000
Future amaount(FV)=$2,000,000
N(years)=?
If input this data into fin calculator, n= 262.27months=262.27/12years=21.86years
Answer: $249,900
Explanation:
Factory Overhead Applied = Total manufacturing cost - Direct material - Direct labour
Total Manufacturing Cost = Goods finished + Ending Work in Process -Beginning Work in Process
= 346,000 + 193,800 - 22,700
= $517,100
Factory Overhead Applied = 517,100 - 93,400 - 173,800
= $249,900
Answer:
B
Explanation:
there is more demand of trade in future .
By doing own business, they earn more.
<span>Africa is the country where about 50% of population lives in the lower extreme that is 20% of global income. That is the reason Africa is considered as poorest region in the world. Many factors may be the reason for this poverty level like extreme climate, social security, underdeveloped economy and lack of industrial setup.</span>
Answer:
B. Banks would make fewer loans
Explanation:
The discount rate is the interest rate that commercial banks pay to the Federal Reserve for loans received. Banks usually borrow to cater to their short-term cash-flow requirements. The discount rate is higher than the inter bank rate or the fed funds rate(the rate that banks charge each other for loans).
An increase in the discount rate causes the inter bank rate to rise (the Fed controls both rates). It means commercial banks are borrowing money from the Fed and each other at a higher interest rate. Consequently, commercial banks charge a higher interest rate for loans advanced to customers. An increase in interest rates at the banks discourages customers from borrowing.