<span>What condition is necessary for a fiat money system to work? The government must control the money supply. Fiat money is not physical money like bills or coins, fiat money solely exists because if supply and demand of a good or service. This is a currency that the government has declared legal but it is not backed by any physical commodity. Due to that, the government has to be in control of the money supply for the fiat system to work. </span>
Answer:
Hello your question has some missing part below is the missing part
Yashari’s monthly take-home pay is $1850. What percentage of her paycheck will go toward student loans if she chooses standard repayment? Does that payment amount seem reasonable? Why or why not?
answer :
14.43% of his paycheck
The payment amount is reasonable ( $ $32035 )
Explanation:
Subsidized loans = $7000
unsubsidized loans = $19000
Annual earnings = $27,000
Monthly pay = $1850
<u>solution </u>
If Yashari chooses the standard repayment the percentage of her paycheck that will go for repayment will be 14.43% while the interest rate will be 4.3%
Therefore the total repayment will be $32035 which is a reasonable amount
<u />
<u />
<u />
<u />
<u />
Answer:
Check the explanation
Explanation:
May June
Budgeted sales 10800 14400
(600*18) (800*18)
Less: cost of good sold 5970 7960
(9.95*600) (9.95*800)
Gross margin 4830 6440
Less: Operating expenses
Selling expenses (6%*Sales) 648 864
Fixed administrative expenses 1200 1200
Total operating expenses 1848 2064
Budgeted Net Operating Income 2982 4376
Unit product cost
Material $4
Direct labor (9*.3) 2.7
Variable manuafcturing overhead 1.25
Fixed overhead 2
Unit product cost $9.95
Amortizing a loan P over n periods at i% interest / period, the payment per period is given by:
In given situation,
P=20000
period=month
i=10%/12
n=5*12=60 months
A. monthly payment amount
to the nearest cent
B. EAR (effective annual rate)
the APR is 10%, but compounded monthly.
So
EAR=(1+i/12)^12-1
=(1+0.1/12)^12-1
=0.104713
=10.4713% (effective annual rate)
Speed = distance/time
= 265/5
= 53 mph
hope this helps :)
