The type of funding obtained by Setsuko is the line of credit.
The following information should be relevant for the line of credit:
- It is treated as a flexible loan.
- It is an amount of money i.e. defined and can be accessed whenever it is needed and after that, it could be repaid instant or over a period of time.
- It is for a short period of time.
Since in the given situation, it is mentioned that:
- Setsuko obtained the funds for the short term.
- Bank lent her $10,000.
Therefore we can conclude that the type of funding obtained by Setsuko is the line of credit.
Learn more about the line of credit here: brainly.com/question/17937007
Answer:
$213,636.36
Explanation:
The fixed cost is usually the same for a range of activity levels while the variable cost changes as the number of units produced or activity level changes.
Given that at a level of 110,000 dog collars, $100,000 are variable costs. Then
Variable cost per dog collar = $100,000/110,000
= $0.91
Fixed cost = $200000 - $100000
= $100,000
Where 125,000 collars are produced,
Total production cost = $100,000 + (125,000 × 0.91)
= $213,636.36
Answer:
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A 1987 advertisement in the New Yorker solicited offers on a 1967 Mercury Cougar XR7 (Motor Trend's 1967 car of the year) that had been stored undriven in a climate controlled environment for 20 years.
If the original owner paid $4000 for this car in 1967, what price would he have to receive in 1987 to obtain a 10 percent annual return on his investment?
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If the 10% is compounded yearly the price is as followed.
A(10) = 4000(1+(0.10/1))^(10*1)
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A(10) = 4000(1.1)^10
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A(10) = $10,374.97
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Cheers,
Stan H.
During a recession, the Federal Reserve, charged with regulating the nation's economy, adds money to the system to make credit more easily available. Easy credit results in greater economic activity as businesses and individuals borrow to finance purchases and operations. This is called the liquidity effect in economics. Economist Milton Friedman coined the term "liquidity effect" in 1969 to describe how expansionary monetary policy affects three elements of the economy: interest rates, income and inflation.
