Answer:
Approximately 8 more payments need to be made.
Explanation:
Mortgage Amount = $100,000
Interest Rate = 8%
Time = 30 years
Calculating Annual Payment,
Using TVM Calculation,
PMT = [PV = 100000, T = 30, FV = 0, I = 0.08]
PMT = $8,882.74
So,
Annual Payment = $8,882.74
Loan Balance = $50,000
Calculating Time for Repayment,
Using TVM Calculation,
T = [PV = 50,000, PMT = -8882.74, FV = 0, I = 0.08]
T = ~8 years
Answer:
C. Negative; Positive
Explanation:
If soda and sandwiches are complementary goods, then the cross price elasticity between them is negative. Negative cross price elasticity indicates that an increase in the price of soda would result in a fall in the quantity demand for sandwiches. On the other hand, a decrease in the price of soda would result in an increase in the quantity demanded for sandwiches.
If yogurt and sandwiches are substitute goods which means that yogart can be used in place of sandwiches or sandwiches can be used in place of yogurt. The cross price elasticity between the substitute goods is positive. Positive cross price elasticity indicates that an increase in the price of yogurt would result in an increase in the quantity demanded for sandwiches. On the other hand, a decrease in the price of yogurt would result in a fall in the quantity demanded for sandwiches.
Answer:
Adjusted cost of goods sold 234,900
Explanation:
<em>To calculate the the adjusted cost of goods sold , we need to first determine the over or under applied overhead.</em>
<em>Over applied overhead = absorbed overhead - actual over heads</em>
=$59,200- $55,900
= $3,300
<em>This will be deducted from the the cost of goods produced because it is the amount by the which actual production has been over stated.</em>
The adjusted cost of goods sold is determined as follows:
$
Opening inventory 55,000
Cost of goods manufactured 213,000
Over applied overheads (3,300)
Less closing inventory <u> (30,300)</u>
Adjusted cost of goods sold <u> </u><u>234,900</u>
Answer:
66%
Explanation:
- Students & retirees are not considered as part of Labor force
- people are under 16 age , are not part of working age population
- underemployed people are doing part time jobs, so counted as employed
Total employed = Employed full time + Underemployed
= 96 + 31
= 127 million
Unemployed workers = 8 million
Labor force size = employed + unemployed people
= 127 million + 8 million
= 135 million
Working age population:
= Total non-institutionalized population - People under age of 16
= 243 - 38
= 205 million
Therefore,
Labor force participation rate:
= (Labor force size ÷ Total non institutionalized population) × 100
= (135 ÷ 205) × 100
= 66%
Answer:
a. Facilitating a greater supply of money for borrowers
Explanation:
Interest rates represent the cost of borrowing money. Low interest implies a reduced cost of borrowing money. Households and firms will be encouraged to borrow more when interest rates are low.
Increased borrowing results in an increase in consumer spending and investments. The amount of money supply in the economy increases as individuals and businesses borrow.
