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harkovskaia [24]
3 years ago
8

Financial literacy refers to:

Business
1 answer:
fredd [130]3 years ago
5 0

Answer:

b) How well you understand and use personal finance information

Explanation:

Financial literacy involves understanding  and using financial information. When applied, a person is in a position to understand their  financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.

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In 2020, the Merkel Company had revenues of $2,600,000 and costs of $2,100,000. During 2021, Merkel will be introducing a new pr
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Answer:

d. $88,000

Explanation:

In 2020, Merkel company's

Revenue = $2,600,000

Cost = $2,100,000

Operating profits = Revenue -  Cost

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= $500,000

In 2021, the company's;

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New Operating profits = $2,860,000 - $2,272,000

= $588,000

Expected increase in Operating profits = $588,000 - $500,000

= $88,000

The expected increase in operating profit amounts to $88,000.

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Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a
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Answer:

5.01%

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