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Natalka [10]
3 years ago
8

The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What wo

uld be the effective rate of interest? Round your answer to the nearest hundredth percent.
Business
1 answer:
egoroff_w [7]3 years ago
8 0
- Interest = $10000 x .04965 x 13/52 weeks = $124.13 
- Proceeds = $10000 – 124.13 = $9875.87 
- Effective interest rate = $124.13 / (9875.87 x 13/52) = 5.03% 
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When demand shocks lead to recessions, it is mainly due to unexpected changes in the:________.
Alexeev081 [22]

Answer:

When demand shocks lead to recessions, it is mainly due to unexpected changes in the:

the inability of government policy to affect demand.

Explanation:

Government has every right to make policies that would strictly affect price, if this is not done and there is inflation of price it would lead to recession.

8 0
3 years ago
Read 2 more answers
On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $3,300,000 four $5,000,000. Rigsby appropriately uses the
Flura [38]

<u>Solution and Explanation:</u>

Installment Receivables (Net) of $2,905,600

Basis  Particulars                                         Debit  Credit

Sale:-  Instalment Receivables  $5,000,000  

         Inventory                                               $3,200,000

 Deferred gross profit                                                  $1,800,000

Payment:-  Cash                         $4,90,000  

Instalment Receivables                                     $4,90,000

Deferred Gross profit                 $165,600  

Realised Gross profit                                              $165,600

Instalment Receivables ($5,000,000 minus $490,000) = $4,510,000

Deferred gross profit ($1,800,000 minus $165,600) = $1,634,400

Instalment Receivables (Net) = $2,875,600

8 0
3 years ago
A manager is trying to decide whether to purchase a certain part or to have it produced internally. Internal production could us
Sergio [31]

Answer:

For both 10,000 units and 20,000 units, the best alternative is Vendor B

Explanation:

Using the information provided in the question, we can write the following:

Annual Volume of 10,000 units

Internal Alternative 1

Variable costs = 170,000 (we multiply the variable cost per unit by total units)

Fixed costs = 20,000

Total costs = 370,000

Internal Alternative 2

Variable costs = 140,000

Fixed costs = 240,000

Total costs = 380,000

Vendor A

Total cost = 200,000 (we simply multiply the price by the quantity)

Vendor B

Total cost = 180,000

Vendor C

Total cost = 190,000

The cheapest option is Vendor B

Now for the 20,000 units:

Internal Alternative 1

Variable costs = 340,000

Fixed costs = 200,000

Total costs = 540,000

Internal Alternative 2

Variable costs = 280,000

Fixed costs = 240,000

Total costs = 520,000

Vendor A

Total cost = 400,000

Vendor B

Total cost = 360,000

Vendor C

Total cost = 380,000

Therefore, Vendor B is once again, the cheapest alternative.

5 0
3 years ago
We know that the longer a person saves, the more time their savings have to compound and grow. Given that fact, why do you think
vivado [14]

Answer:

The illusion of time

Explanation:

This is because younger people think that they have time to save up later; that if they spend now, they can always make up for it later. On the other hand, older people know that they don't have much time (comparatively) to save money as they did before, so saving money becomes a bigger deal for them.

5 0
2 years ago
Ben receives an email purporting to be from his bank, advising him that new passwords are being distributed. The email asks him
Nina [5.8K]

Answer:

The correct answer is E

Explanation:

Phishing is the term which is defined as group of individual or the malicious individual who are scam users. This is done by sending the emails or creating the web pages which are designed in order to collect the information of online bank, other login information or credit card information of an individual.

So, Ben is the victim of phishing, as the fraud is done with him by sending the emails.

3 0
3 years ago
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