Answer: D. The spending and taxing policies used by the government to influence the economy
Explanation:
Fiscal policy is simply the application of government spending/expenditures and revenue/taxing policies to influence the economy of a nation.
Answer: 45 months
Explanation:
Credit owed $7200
Monthly payment $225
APR annaully 18.4%
Monthly APR = 18.4/12 = 1.533%
SOLUTION
1st Month interest payment
1.533% x $7200 / 100 = $110.40
Principal paid (monthly payment - interest paid) = $225 - $110.40 = $114.60
Balance ( principal - principal paid) = 7200 - 114.60 = $7085.40
2nd Month interest payment
1.533% x $7085.40 / 100 = $108.64
Principal paid (monthly payment - interest paid) = $225 - $108.64 = $116.36
Balance ( principal - principal paid) = $7085.40 - $116.36 = $6969.04
By following this step up to the 45th month you get $74.74 as the monthly payment this sums up to.
Month interest payment
1.533% x $74.74 / 100 = $1.15
Principal paid (monthly payment - interest paid) = $75.88 - $1.15 = $74.74
Balance ( principal - principal paid) = $74.74 - $74.74 = $0
The payment would be completed at exactly 45months
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
Answer:
Items b, d, g, h, and i
Explanation:
The following items from the given question would be recorded in the income statement;
b. sales
d. wage expenses
g. net income
h. inventory
i. cost of goods
Answer and Explanation:
The matching is as follows:
1. Dividends = A. Stockholders' Equity
2. Prepaid Insurance = D. Assets
3. Unearned Rent = E. Liabilities
4. Fees Earned = B. Revenue
5. Patents = D. Assets
In this way it should be matched
Like the dividend is come under equity so it is shown under stockholder equity
likewise it is applied for the other items