Answer: a. $120,000
b. $6,000
c. Yes
Explanation:
a. It is said that the collection centres would help reduce the collection time by 2 days and that every day $60,000 comes in.
If the proposal will reduce the amount of time taken to collect by 2 days then that means that the amount freed up is the amount that they would have collected in two days had it not been for the system.
That amount would be,
= $60,000 * 2
= $120,000
b. If they used this free up cash to pay off a debt that was accumulating 5% per year then the 5% will be saved.
The amount saved therefore is,
= 120,000 * 5%
= $6,000
By retiring a $120,000 that was accruing $6,000 a year, the proposal has enabled that $6,000 to be saved instead.
c. The cost of implementing this proposal is $5,200 per year and yet the savings it gives in interest is $6,000.
As the savings are higher than the cost, the number definitely suggest that the project should be implemented because it is more beneficial than it costs.
Answer : The amount needed to spend to save $170 is, $32.3
Explanation :
As we are given that an online buying club requires an annual fee of $170 and a 19% discount on purchases.
Now we have to determine the amount needed to spend to save $170.
As, for every $100 the discount will be = $19
So, for every $170 the discount will be =
= $32.3
Thus, the amount needed to spend to save $170 is, $32.3
The correct alternative is letter C. Inflation control. This is the first strategy to control the currency in the economy, being one of the main objectives of monetary policy in a country.
<h3 /><h3>What is monetary policy?</h3>
It is the set of governmental strategies and actions to interfere in the investment market and in the consumption power of citizens, through the control of the basic interest rate of the economy, which is an instrument capable of influencing the value of a currency and the prices of goods. consumption, thus generating a control over inflation in search of economic balance in a country.
Therefore, controlling inflation is a short-term measure that generates a series of impacts on an economy, such as fiscal and monetary contraction measures, such as increasing taxes and reducing public spending.
Find out more about monetary police here:
brainly.com/question/13926715
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Answer: The court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.
Explanation:
Based on the information given in the question, we should note that the court will apply the predominant-purpose test to determine whether the predominant purpose of the contract was the sale of goods in which case the UCC would apply.
We should note that under a predominant purpose test, it will apply when the transaction involved is Mena for goods sales and not for the service sales.
Answer:
The answer is c. $3,883.27
Explanation:
For the problem, we will be using the formula for calculating the Future Value of money, which is:
Where:
F - future value
P - Principal amount = ($100)
r - rate of growth in percent = (5% or 0.05)
n - number of years = (75)
We calculate thus:
=
therefore the amount after 75 years will be $3,883.27