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Tomtit [17]
3 years ago
8

Stephen and Joy own a duplex in Newport Beach, CA. They live in one unit and rent the other to another couple. Their rental inco

me for the year was $24,000. They incurred the following expenses for the entire duplex: What amount of net income from the duplex should Stephen and Joy report for the current year? Insurance Maintenance Utilities Depreciation $ 8,000 $ 800 $ 1,800 $ 4,000
Business
1 answer:
sertanlavr [38]3 years ago
7 0

Answer:

$16,700

Explanation:

The computation of net income is shown below:-

Total expense = Insurance + Maintenance + Utilities + Depreciation

= $8,000 + $800 + $1,800 + $4,000

= $14,600

Expense of rented unit = Total expense ÷ Units

= $14,600 ÷ 2

= $7,300

Here, we assume 2 units

Net income for reporting = Rental income - Expense of rented unit

= $24,000 - $7,300

= $16,700

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Answer: c. increase the discount rate.

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The discount rate of a country is the rate at which the central bank in that country loans money out to the financial institutions.

When this rate is low, more financial institutions will borrow money as opposed to when it is high. Banks borrowing money increases the money supply in the economy so if the Federal Reserve wants to reduce money supply, it should increase the discount rate which would dissuade banks from borrowing from the Fed thereby limiting money supply.

5 0
3 years ago
Market segment profiles are used to describe _____________ members of a market segment, and to explain ______________members in
irga5000 [103]

Market segment profiles are used to describe the similarities among potential members of a market segment, and explain the differences among members in different market segments.

<h3>What is Market segment profiles?</h3>

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There are four primary categories of market segmentation-

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7 0
2 years ago
Assume a $1,000 face value bond has a coupon rate of 8.5 percent, pays interest semi-annually, and has an eight-year life. If in
fomenos

Answer:

Explanation:

In order to calculate he present value or worth of this bond we woulñd have to make the following calculations:

Face value (FV) $  1,000.00

Coupon rate 8.50%

Number of compounding periods per year 2

Interest per period (PMT) $ 42.50

Number of years to maturity 8

Number of compounding periods till maturity (NPER) 16

Market rate of return/Required rate of return per period (RATE) 5.00%

Therefore, Bond price= PV(RATE,NPER,PMT,FV)*-1

Bond present worth=$918.72

The present value or worth of this bond is $918.72

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3 years ago
Alisha has a five-year car loan of $15,000 with an interest rate of 6 percent. If the interest is compounded annually, how much
Zina [86]
We are given with the data that the original cost of the car is $15000. However Alisha wants to pursue the whole payment for five years thus a 6 percent interest rate is given. The formula for finding the total cost is TC = 15000* (1+0.06)^5. The answer is $20,073.39 
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3 years ago
The exchange-rate effect is one of the reasons why the aggregate demand curve is downward sloping.
Tju [1.3M]

Answer:

True.

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True, the given statement is right because the exchange rate or price of the currency is inversely related to the demand. when the exchange rate increases that means the price of the currency is increasing and in that case, the demand for the currency falls. If the exchange rate falls or the price of currency falls then demand for the currency rises that indicate the inverse relationship between the exchange rate and the aggregate demand. therefore, the aggregate demand curve is sloping downwards.

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4 years ago
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