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4 years ago

A certificate of deposit is a certificate of ownership in a corporation.

Business

1 answer:

Eddi Din [679]4 years ago

6 0

Answer:

False

Explanation:

A certificate of Deposit or CD is a deposit made into a bank for a specific time. This deposit will earn a fixed interest rate that varies upon the days the deposit is made of. The rule is: Longer the days of the deposit, longer the interest rate paid.

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Which of the following factors will increase GDP and also achieve sustained growth?

Salsk061 [2.6K]

Answer:

The correct answer is the letter d. Advances in the technical knowledge used in production.

Explanation:

Technology is an important variable in economic growth models, having a positive effect on the production process. Technological progress occurs when technology increases over time, and its effect is on worker productivity. That is, technological advancement enables work to become more productive, culminating in sustainable per capita gross domestic product growth.

7 0

3 years ago

9) Selected information regarding a company's most recent quarter follows (all data in thousands). 9) _______ Direct labor $540

disa [49]

Answer:

Direct material= $340

Explanation:

Giving the following information:

Direct labor $540

Beginning work in process inventory $330

Ending work in process inventory $420

Cost of goods manufactured $1620

Manufacturing overhead $830

T<u>o calculate the direct material used in production, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

1,620= 330 + DM + 540 + 830 - 420

Direct material= $340

6 0

4 years ago

Identify the self-assessment test that each statement describes.

Xelga [282]

529 plan would be the answer

3 0

3 years ago

Read 2 more answers

With a(n) ________ installment loan, interest charges are calculated using the original balance, and these charges are then adde

Ugo [173]

With a(n) the add-on method is a widely used technique for computing interest on installment loan, interest charges are calculated using the original balance, and these charges are then added to the loan.

Add-on method:

1. A common approach for calculating interest on installment loans is the add-on method. When using the add-on technique, the indicated interest rate is applied to the loan's original balance to determine interest.

Reason:

When applying for a loan or mortgage, the calculation method called add-on interest is used. The interest due on the loan is determined using this method at the beginning of the loan. The principal is increased once the interest has been calculated. The principal and interest are both repaid along with the loan when the borrower repays it.

Financial institutions benefit from the add-on approach because even if the borrower pays off the loan early, the bank will still receive the full interest payment. As a result, interest is always computed on the principle, or the original loan amount, rather than the current balance.

2. Where F, is the finance charge for the loan, and the loan's length is measured in years.

Reason: An annual rate is always used to express interest rates. As a result, the loan's term will likewise be calculated annually.

Learn more about add-on method here brainly.com/question/18437550

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6 0

2 years ago

1. If the number of consumers in the market for good A increases, what will happen to the equilibrium price and

ANTONII [103]

Answer: The correct answer is option B: Equilibrium price and quantity will both increase

Explanation: First and foremost, a definition of demand would be in order. Demand can be defined in simple terms as the quantity of goods or services that consumers are willing and able to buy at a given price and at a particular point in time. The law of demand states that, "All things being equal, the higher the price of a commodity, the lower the quantity demanded by the consumers, and the lower the price of the commodity, the higher the quantity demanded by consumers." This is theoretical and is the ideal situation for a rational consumer.

However, producers (sellers) are only willing to supply more if the price is higher (for the sake of profit of course) and are willing to supply less if the price is lower. This shows that there is an inverse relationship between both variables, that is, at a higher price the producer wants to sell more while the consumer wants to buy less, and at a lower price the producer wants to sell less while the consumer wants to buy more. It gets to a point where they both have to compromise and agree on a price suitable to both producer and consumer, and that in economics is the equilibrium price.

As shown in the attached diagram, the equilibrium price is P1, while the equilibrium quantity is Q1.

In economics theory, a number of factors are usually responsible for a change in the market demand and one of such is population. Take for instance, in a community with 1000 individuals making up the market demand for commodity A, an increase in the population to 1500 individuals would mean that the number of consumers has increased considerably. Consequently the market demand would also increase. However, there would be an excess of demand over supply, that is, the increased demand cannot be met by the current level of supply. Hence the appropriate response to the pressure shall be an increase in the price on the part of the producers. As shown in the diagram, the demand has now increased from D1D1 to D2D2 and the equilibrium price has also changed from P1 to P2. This is because, the increase in population that led to the increase in demand has now resulted in a new equilibrium point as shown by the intersection of D2D2 and S1S1.

Therefore, the new equilibrium price is now P2 and the new equilibrium quantity is now Q2

4 0

3 years ago