A mortgage can best be defined as?

Kremena's bank account earns 4.5% simple interest. How much must she deposit in the account today if she wants it to be worth $1

12345 [234]

Answer:

$1,101.32

Explanation:

Simple interest accounts balances are calculated using the following formula

A = P ( 1 + rt)

where:

A = final account balance

P = starting balance

r = interest rate (annually) percentage divided by 100

t = years

Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.

1,250 = P ( 1 + (0.045 * 3))

1,250 = P * 1.135 ... divide both sides by 1.135

1,101.32 = P

Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.

4 0

3 years ago

If the number of demanders for electric cars increases at the same time as the number of suppliers of electric cars increases, w

Dmitriy789 [7]

Answer:

(A) The equilibrium quantity will increase.

Explanation:

An increase in demand and supply of electric cars would shift the demand and supply curves to the right.

Equilibrium quantity would increase.

Price would not change.

I hope my answer helps you

7 0

3 years ago

Raner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm h

Snezhnost [94]

Answer:

The Break Even Point is the Sales Value that will cover the cost of production. Meaning the Sales Value that will bring profitability to Zero

Break Even sales for Company wide = $378,000

Break Even Value for Chicago is $111,429

And Break Even Value for Minneapolis is $120,000

The Addition of both Outlets/Offices Break Even Sales is less than the Company-wide because the Offices don't share in the Common Fixed Expense as these are specific to Group reporting.

Explanation:

6 0

4 years ago

he following cost data pertain to the operations of Montgomery Department Stores, Inc., for the month of July. Corporate legal o

maxonik [38]

Answer:

Explanation:

1) Total direct costs for the Apparel Department $128750:

Total Direct costs of Apparel Department

Apparel Department cost of sales - Evendale store $105,600

Apparel Department sales commission - Evendale store $11,350

Apparel Department manager's salary - Evendale store $11,800

Direct costs $128,750

2) Total direct costs for the Evendale Department $173,800:

Apparel Department cost of sales - Evendale store $105,600

Store manager's salary - Evendale store $12,300

Apparel Department sales commission - Evendale store $11,350

Store utilities - Evendale store $19,200

Apparel Department manager's salary - Evendale store $11,800

Janitorial cost - Evendale store $13,550

Direct costs - Evendale store $173,800

3) Total direct costs for the Apparel Department that are also variable costs- $116950 :

Apparel Department cost of sales - Evendale store $105,600

Apparel Department sales commission - Evendale store $11,350

Direct variable costs - Apparel Department $116,950

4 0

3 years ago

PLEASE HELP THERE ARE TWO SCENARIOS

rosijanka [135]

It is correct to state that the Fed will address the scenario with expansionary policy.

<h3>What is an expansionary policy?</h3>

An expansionary policy is one that seeks to increase the amount of money so that aggregate demand can be stimulated.

<h3>What is a specific monetary action the Fed might use in this scenario? Identify the tool and how the Fed would use it. Explain how this would address the scenario.</h3>

When money is injected into the economy using tools such as

Lower interest rates
Lower Bank Reserves etc., demand is stimulated.

<h3>What is a specific fiscal action that Congress might use in this scenario?</h3>

Examples of fiscal polices that the congress might enlist for deployment in this scenarios are:

Government spending; and
Tax regulation.

To increase aggregate demand, Government will inject more money in to the economy by buying back bonds or embarking on projects at the state and local levels.

Reduction of taxes will also help put more money in the hands of people, thus increasing aggregate demand.

Learn more about expansionary policies:
brainly.com/question/3885080
#SPJ1

6 0

2 years ago