Answer:
The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.
A. debit, $500,000
Explanation:
Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.
Euros 512100
dólar 1 1,0242 euros
x 512100 euros
x= 500.000
Answer:
Bank A should be chosen.
Explanation:
Given:
Effective annual rate (EAR) of bank A = 10%
Bank B pays 9% compounded daily. EAR of bank B is calculated below:
EAR = ![( 1+\frac{i}{n})^{n} -1](https://tex.z-dn.net/?f=%28%201%2B%5Cfrac%7Bi%7D%7Bn%7D%29%5E%7Bn%7D%20-1)
Where, i is 0.09
n is compounding period that is 365 (since it is compounded daily)
EAR = ![( 1+\frac{0.09}{365})^{365} -1](https://tex.z-dn.net/?f=%28%201%2B%5Cfrac%7B0.09%7D%7B365%7D%29%5E%7B365%7D%20-1)
= 1.0942 - 1
= 0.0942 or 9.42%
Bank B pays EAR of 9.42%
Based on EAR, Bank A should be selected as it pays higher EAR of 10%.
First, the quotation for each car model has to be obtained. The quotation must include the taxes including insurance.Then, a comparison is done taking into account the mileage and the maximum allotted budget for the other expenses which is $800.
Answer:
(c) MUa/Pa = MUb/Pb
Explanation:
The Utility Maximization Rule is
MUa/Pa = MUb/Pb, where MUa represents the marginal utility derived from good a, Pa represents the price of good a, MUb represents the marginal utility of good b and Pb represents the price of good b.