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3 years ago

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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PLEASE HELP ME VERY URGENT

Jet001 [13]

The correct answer is C

8 0

3 years ago

The price of a pair of sneakers was $80 for the last six months of last year. On January 1st, the price increased 20%. After the

kobusy [5.1K]

Answer:

$86.40

Explanation:

Businesses increase and reduce prices based on prevailing market conditions. If the price of a good has appreciated in the open marketbthen businesses tend to also increase their price.

When there is need to attract more customers or there is promotion of a product a discount (price reduction) can be used.

The price of the pair of sneakers increased in January, that is 100+20= 120% of the original price.

Price after increase= 1.2* 80= $96

Afterwards an employee bought the sneakers at a 10% discount that is 100-10= 90% of original price

Price after discount= 0.9* 96= $86.40

6 0

4 years ago

Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also i

Mnenie [13.5K]

Answer:

1. $46,000

2.$46,000

Explanation:

According to the scenario, computation of the given data are as follows,

Inventory price = 230,000 pesos

1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

2. Consolidated statement cost of goods sold for the year ending December 31, 2018 = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

3 0

3 years ago

esse Pinkman is thinking about trading cars. He estimates he will still have to borrow $31,000 to pay for his new car. How larg

MA_775_DIABLO [31]

Answer:

Jesse's monthly car loan payment has to be $2,716.75.

Explanation:

Jesse's monthly car loan payment can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or amount to borrow = $31,000

P = Monthly car loan payment = ?

r = Monthly interest rate = APR / Number of months in a year = 9.4% / 12 = 0.094 / 12 = 0.00783333333333333

n = Number of months = Number of year * Number of months in a year = 1 * 12 = 12

Substitute the values into equation (1) and solve for P, we have:

$31,000 = P * ((1 - (1 / (1 + 0.00783333333333333))^12) / 0.00783333333333333)

$31,000 = P * 11.4106954292971

P = $31,000 / 11.4106954292971 = $2,716.75

Therefore, Jesse's monthly car loan payment has to be $2,716.75.

8 0

3 years ago

Where does the 32 come from in cash received for common stock issued

worty [1.4K]

A public company can issue common stock to the shareholders of acquisition targets, which they can then sell for cash. This approach is also possible for private companies, but the recipients of those shares will have a much more difficult time selling their shares.

Multiply the number of shares issued by the price per share. Doing this calculation gives you the amount of cash raised by the sale of the stock. For example, if the company issues 100 shares at $10 per share, the result is $1,000 of additional capital raised from stock issuances.

4 0

2 years ago