Answer: 73days
Explanation:
$1,307 interest on $45,000 at 4.0%
Time used in paying back the loan is calculated thus:
Principal is $45,000
Interest is 4.0%
Tenor is x
Using the Simple Interest formula
I= P x T x R/100
1,307 = 45,000 x T x 0.04/100
1,307= 1,800T/100
1,800T = 1,307 x 100
1,800T = 130,700
T = 130,700/1,800
= 72.6
= 73days
Answer:
c. $59,000
Explanation:
The cash flow statements shows the effect of the company's activities on cash. These activities are classed into operating, investing and financing activities.
When an asset is sold, the amount received from the sale is an inflow of cash to the company. This inflow is recognized in the investing segment of the cas flow statement.
Hence, the amount that should be reported as a source of cash under cash flows from investing activities is $59,000.
Answer:
An amount of money that is owed to a bank, credit card company, store, or another individual.
Answer:
The correct answer is option c.
Explanation:
Deadweight loss is the loss of surplus due to the imposition of a tax which is not offset by government. The deadweight loss is higher when the elasticity of demand and supply is higher and the tax rate is higher as well.
When the elasticity of demand and supply is high, the tax wedge created by the imposition of the tax would cause the equilibrium quantity to decline to a greater extent. As a result, the deadweight loss will be higher as well.
In the given example, the elasticity of demand and supply, and the tax amount is highest in case of option c. This means that the deadweight loss will be highest in the case of option c.
Answer:
a. A decrease in demand from D1 to D2 results in- excess supply.
b. This causes the price to- fall
c. This change in price results in in quantity demanded along the D2 demand curve.- an increase
d. This change in price results in in quantity supplied.- a decrease
e. The new equilibrium has a and a when compared to the original equilibrium. -Lower price, lower quanity
f. Does this refute the law of demand: . No
g. Why: Because there was a change in demand
Explanation: