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4 years ago

Match the following:

Business

1 answer:

asambeis [7]4 years ago

5 0

Explanation:

1. If butter complements margarine for instance, and there occurs a sudden increase in the price of butter leading to lower demand, this would affect the demand for margarine negatively leading to a fall in the demand for margarine.

2. If this goods are substitutes the demand for butter will increase when the price of margarine rises.

This is because it is only natural for people to switch to the next best alternative (substitute) that fills the same purpose or needs.

3. Remember Ice cream and ice cream cones complementary goods; meaning the demand for one increases the demand for the other and vice versa.

4. If the price of ice cream increases, demand would also decrease for ice cream as consumers are usually sensitive to price.

This decrease in the demand for ice cream would also affect ice cream cones since they complement each other, leading to a decrease in the demand for ice cream cones.

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You need a loan of â€‹$140,000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Bri

nadezda [96]

Answer:

Monthly Payment for Choice 1=$665.16
Monthly Payment for Choice 2=$627.10
Total Closing Cost for Choice 1=$241557.60
Total Closing Cost for Choice 2=$233456
(A)Choice 1 be the better choice the monthly payment is higher.
(D)Choice 2 be the better choice because the monthly payment is lower.

Explanation:

Amount of Loan needed = $140,000

A point is an optional fee which helps you get a lower interest rate on your loan.
Closing costs are the fees you pay when obtaining your loan.

<u>Choice 1</u>

30-year fixed rate at 4% with closing costs of $2100 and no points.

Monthly Payment

P=$140,000

Monthly Rate=4% ÷ 12=0.04 ÷ 12=0.0033

n=12 X 30 =360

$=\dfrac{Pr(1+r)^n}{(1+r)^n-1}$

$=\dfrac{140000X0.0033(1+0.0033)^{360}}{(1+0.0033)^{360}-1}\\=\dfrac{462(1.0033)^{360}}{(1.0033)^{360}-1}\\=\$665.16$

Monthly Payment=$665.16

Total Closing Cost =(665.16 X 360)+2100=$241557.60

<u>Choice 2</u>

30-year fixed rate at 3.5% with closing costs of $2100 and 4 points.

Monthly Payment

P=$140,000

Monthly Rate=3.5% ÷ 12=0.035 ÷ 12=0.0029

n=12 X 30 =360

$=\dfrac{Pr(1+r)^n}{(1+r)^n-1}$

$=\dfrac{140000X0.0029(1+0.0029)^{360}}{(1+0.0029)^{360}-1}\\=\dfrac{406(1.0029)^{360}}{(1.0029)^{360}-1}\\=\$627.10$

Monthly Payment=$627.10

Total Closing Cost =(627.10 X 360)+2100+(4% of 140000)=$233456

4 0

3 years ago

Account Title Debit Credit Cash $ 6,400 Accounts receivable 24,500 Office supplies 7,700 Trucks 186,000 Accumulated depreciation

olga nikolaevna [1]

Answer:

TOTAL CURRENT ASSETS $38,600

TOTAL ASSETS $233,284

TOTAL CURRENT LIABILITIES $23,400

TOTAL LIABILITIES $69,400

TOTAL EQUITY $163.884

TOTAL EQUITY & LIABILITIES $233.284

Explanation:

It's necessary to start by preparing the balance sheets with the information available, as result we have a difference in the accounting equation of $0,586 because it's necessary to prepare the income statement to define how much of the income it's keep as retained earnings.

Balance Sheets.

Assets Dec 31

Cash $6,400

Accounts Receivable $24,500

Supplies $7,700

TOTAL CURRENT ASSETS $38,600

Property and Equipment $186,000

Accumulated Depreciaiton -$38,316

Land $47,000

TOTAL ASSETS $233,284

Accounts Payable $10,400

Interest Payable $13,000

TOTAL CURRENT LIABILITIES $23,400

Long Term Notes Payables $46,000

TOTAL LIABILITIES $69,400

Common Stock $25,298

<u>Retained Earnings ($138,000 + 0,586)=138,586</u>

TOTAL EQUITY $163,884

TOTAL EQUITY & LIABILITIES $233,284

Income Statement

Sales $121,000

Depreciation -$24,714

MARGEN BRUTO $96,286

Salaries expense -$65,660

Office supplies expense -$5,000

Other Income -$12,040

Income Statement $13,586

Dividends $13,000

Retained Earnings = $0,586

4 0

4 years ago

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

IrinaK [193]

Answer:

c. $94,400

Explanation:

Net cash provided or used by operating activities is computed as see below;

Net cash provided or used by operating activities = Net income + Depreciation expense - Gain on sale of land - Increase in merchandise inventory + Increase in accounts payable

Net cash provided or used by operating activities = $85,800 + $12,500 - $8,000 - $2,550 + $6,650

Net cash provided or used by operating activities = $94,400

8 0

3 years ago

Early access to medical care, from ems through reperfusion, improves overall outcomes by:________

forsale [732]

We can actually deduce here that early access to medical care, from ems through reperfusion, improves overall outcomes by: B. Faster access to medications that increase blood clotting.

EMS refers to Emergency Medical Services. It is actually known to be a system whose responsibility is to provide emergency medical care. The EMS is focused on providing emergency medical care for patients who have serious illness or injury.

The options that complete the question are:

A. Increased access to social support services

B. Faster access to medications that increase blood clotting

C. Delaying onset of hypothermia

D. Saving more heart tissue from cell death

We see here early access of medical care from ems through reperfusion, improves overall outcomes by faster access to medications that increase blood clotting.

Learn more about EMS on brainly.com/question/15043841

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5 0

2 years ago

Jim bought an $89 dollar calculator discounted 25%. What did he pay

IRINA_888 [86]

89 (0.25) = 22.25
89 - 22.25 = 66.75$

5 0

3 years ago