All categories

4 years ago

Complete the sentence.

2 answers:

5 0

The lost interest is the opportunity cost of spending money now. Opportunity cost is defined as what you give up, to gain something else. Due to spending the money now instead of saving it, you are giving up the interest you could have accrued to gain what yous spend the money on now.

Blizzard [7]4 years ago

3 0

Or another way to say that is the Opportunity cost

You might be interested in

The real per capita GDP in country X is 4 times of that in country Y. The annual growth rate in country X is 2.33%, while in cou

tigry1 [53]

Answer:

It will take 30 years for country Y’s GDP to catch up with that of country X

Explanation:

In this question. We are asked to calculate the number of years it will take a certain country Y to catch up with the GDP of a certain country X, given the annual growth rate in both countries.

We calculate the number of years as follows;

Firstly, we assign a variable to the value of the real GDP of country Y

let real

Let the real GDP of the country Y be n. This means that the GDP of country C will be 4 * n = 4n

With a 7% growth rate annual, country Y's Real GDP will be doubled in 70/7 = 10 years and;

With annual growth rate of 2.33% ,country x's Real GDP doubles in 70/2.33 = 30 years.(Approx)

Now in next 30 years x's Real GDP will be = 2x4n = 8n

and Y's Real GDP in next 30 years will be = 2x2x2xn = 8n.

thus , it will take 30 years to country Y to catch up to the level of country x.

7 0

3 years ago

Read 2 more answers

M. Abadie and S. Collier combine their individual sole proprietorships to start the Abadie - Collier partnership. M. Abadie and

Elena-2011 [213]

Dhjsjdndjjdjdjsjsjdjdjfjfjfjfjdjdjd I don’t know sorry <3

7 0

3 years ago

If a person was sufficiently intoxicated to lack the mental capacity to comprehend the legal consequences of entering into the c

kenny6666 [7]

Answer:

The correct answer is True.

Explanation:

When an intoxicated person enters into a contract, the contract can either be enforceable, meaning held to the fullest extent of the law, or voidable by the intoxicated person. The court will look at two criteria that need to be present in order to make the contract voidable:

The intoxication was severe enough that the person entering into the contract was incapacitated.

The other party was aware of the intoxication at the time.

A voidable contract, in this instance, is one in which the intoxicated party can end the agreement under certain terms. To expand on the criteria above, in order for the intoxicated person to void the contract, there needs to be adequate proof that one of the following occurred:

The intoxicated person consumed enough alcohol or drugs to cause impairment in thinking sufficient enough that he could not understand the legal ramifications of entering into the contract.

The other party to the contract knew of the intoxication.

4 0

3 years ago

Read 2 more answers

Miley, a single taxpayer, plans on reporting $31,875 of taxable income this year (all of her income is from a part-time job). Sh

Brut [27]

Answer: a) $3,640.50

b) $1,825.50

Explanation:

The key thing is to note that tax rates vary per income and various income levels have different taxes. In calculating you add up the maximum of the lower level as you move higher up the classes. Let's solve the question to understand.

Total tax liability when taxable income is $31,875:

Tax rate for,

$0 to $9,225 = 10%

= $9,225*10/100

= $922.50

Her income is still higher so we go to the next class,

$9,225 to $31,875 = 12%

= $31,875 - $9,225

= $22,650*12/100

= $2,718

Total tax liability when taxable income is $31,875

= $2,718 + $922.50

= $3,640.50

Now, if the second part-time job is added then total taxable income is $31,875 + $11,400 = $43,275

We go up the classes again,

$0 to $9,225 = 10%

= $9,225*10/100

= $922.50

$9,225 to $38,700 = 12%

= $38,700 - $9,225

= $29,475*12/100

= $3,537

$38,700 to $43,275 = 22%

= $43,275 - $38,700

= $4,575 * 22/100

= $1,006.5

Total tax liability when taxable income is $43,275,

= $1,006.5 + $3,537 + $922.50

= $5,466

Increase in tax liability = $5,466 - $3,640.50

= $1,825.5

Tax liability will increase by $1,825.50 as a result of the second job.

8 0

3 years ago

Read 2 more answers

Your first baby was born yesterday and is healthy and strong. To guard against your premature death, you want to purchase a life

jeka57 [31]

Answer:

assuming the interest rate is = 15% the life insurance should you should purchase = $497854.0773

Explanation:

Given that :

Annual income receipt = $58000

Assumption:

If we assume that the inflation rate π = 3% = 0.03

Also , let assume that the interest rate is = 15% = 0.15 since it is not given too

Then the effective interest rate = $\dfrac{ (i-\pi)}{(1+\pi)}$

the effective interest rate = $\dfrac{ (0.15-0.03)}{(1+0.03)}$

the effective interest rate = $\dfrac{ (0.12)}{(1.03)}$

the effective interest rate = 0.1165

the effective interest rate = 11.65%

Since n = $\infty$

The Principal amount of how much life insurance should you purchase is;

= Annual income receipt/the effective interest rate

= $58000/ 0.1165

= $497854.0773

3 0

4 years ago