The estimated Annual Percentage Rate is 10.5%
APR means Annual Percentage Rate.
Annual Percentage Rate refers to the interest rate one pays on a loan each year.
We will use the Annual Percentage Rate(APR) Formula to derive the estimate
APR = 2nr/(n+1) where the P = $2,700, R = 7% and N = 3
In conclusion, the estimated Annual Percentage Rate is 10.5%
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Answer:
$1,900
Explanation:
Calculation for what Peterson would show as a deferred revenue account for the gift cards with a balance of:
Deferred revenue account=$2,850+($285+$665)
Deferred revenue account=$2,850-950
Deferred revenue account=$1,900
Therefore At 12/31/2021, Peterson would show a deferred revenue account for the gift cards with a balance of:$1,900
Answer:
The correct answer is option c.
Explanation:
An economy named Scoobania is operating on full employment level. The production possibility curve of this economy is such that it can produce 1 unit of capital goods by sacrificing 2 units of consumer goods.
This means that the opportunity cost of one unit of capital goods is 2 units of consumer goods. However, through international trade this economy can obtain 1 unit of capital goods for 1 unit of consumer goods.
This implies that the economy will be able to consume more of both capital goods as well as consumer goods. This indicates that Scoobania will be able to consume at a point beyond its production possibility curve.
Answer:
$895.22
Explanation:
We use the present value formula to determine the current bond price i.e shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 10.5%
NPER = 8 years
PMT = $1,000 × 8.5% = $85
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the current bond price is $895.22
When a pressure group criticizes a government for increasing interest rate but praise them for increase in government spending, then, they are criticizing the government’s fiscal policy and praising the government monetary policy.
<h3>What is a
fiscal and monetary policy?</h3>
Basically, a fiscal policy means the method of using a spending and tax policies to influence economic conditions while monetary policy means the general control of the quantity of money available in an economy
In conclusion, whan a pressure group criticizes a government for increasing interest rate but praise them for increase in government spending, then, they are criticizing the government’s <u>fiscal policy</u> and praising the government <u>monetary policy</u>.
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