The statement that defines the term credit is : A. an arrangement to buy or use now and pay later
when you buy something on credit, you are allowed to use that good even though you still haven't fully finalized your payment
hope this helps
Answer:
A. 6.90 percent
Explanation:
Yield to maturity = [Annual Interest + (Par value - Market Value)/ no of year to Maturity ] / [(Par value - Market Value)/2]
0.0734 = [ Annual Interest + ( 100% - 96% ) / 15 ] / [ (100% + 98% ) / 2]
0.0734 = [ Annual Interest + ( 1.00 - 0.96 ) / 15 ] / [ (1.00 + 0.98 ) / 2]
0.0734 = [ Annual Interest + ( 0.04 ) / 15 ] / [ 1.98 / 2]
0.0734 = [ Annual Interest + 0.0027 ] / 0.99
0.0734 x 0.99 = Annual Interest + 0.0027
0.072666 - 0.0027 = Annual Interest
Annual Interest = 0.069966 = 7% (Rounded off)
Answer:
Goals that generally span 12 months and are connected to long-term goals are known as <u>tactical</u> or <u>operation </u><u>goals.</u>
Explanation:
Sometimes referred to as a tactical or operational goals, or just a plain goals. They generally span 12 months and are connected to strategic goals in a hierarchy Known as a means-end chain.
What is tactical?
Tactical are decisions made during the course of battle.
What is Operational goals?
result expected from departments, work, groups, and individual; they are precise and measurable.
Answer:
1a. $500
1b. $250
2. The market for sunscreen is efficient because total surplus is maximum.
<em>Diagram in question attached</em>
Explanation:
1a. Consumer surplus is the difference between the maximum price that consumers are willing to pay and the price actually paid. This is the triangular area above the market equilibrium. In the market for sunscreen, consumers are willing to pay $20 for sunscreen but are actually only paying $10 (equilibrium price).
The formula for consumer surplus = 1/2 x (Qd at equilibrium) x (price willing to pay - price at equilibrium)
<em>Note that consumer surplus is a triangle and the area of it is being found, hence the 1/2 :)</em>
Consumer surplus = 1/2 x 100 x ($20 - $10)
1/2 x 100 x $10 = $500
1b. Producer surplus is the difference between the price producers receive and the minimum price they are willing to accept. This is the triangular area below the market equilibrium. In the market for sunscreen, suppliers are willing to produce at $5 but are actually receiving $10 (equilibrium price).
The formula for producer surplus = 1/2 x (Qs at equilibrium) x (price at equilibrium - price willing to receive)
Producer surplus = 1/2 x 100 x ($10 - $5)
1/2 x 100 x $5 = $250
2. The market for sunscreen is efficient because total surplus is maximum. Total surplus is maximized when the market is producing at the equilibrium price as in the current sunscreen market. At any other price, consumer or producer surplus would be reduced and a dead weight loss would be incurred.
Answer:
see below
Explanation:
A corporation is considered a legal person. It is a form of business ownership that is separate from its owners. A Non-corporation business has not gone through the incorporation process. As such, the business and the owner as considered as one entity. A partnership and sole proprietorship are examples of non-corporations.
Raising funds for a corporation is much easier than for a non-corporation. A corporation raises funds through borrowing or by issuing shares to the public or existing shareholders in a private corporation. The money generated from issuing shares can be used to expand the business or meet outstanding debts.
A non-corporation relies on the owner's to fund business activities. If the owners don't have a good credit history, the business may face challenges obtaining loans.