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3 years ago

12

Nancy and Joan bought a small farm for $300,000 under an installment land contract with a $50,000 down payment. They will pay in

terest only at 6% for five years when the remaining principal balance becomes due. How much interest will they pay over the life of the contract?

1 answer:

KatRina [158]3 years ago

6 0

Answer:

75,000

Explanation:

300,000-50,000 = 250000*6%*5

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Heather wants to buy a new tent. she so far has saved $23 and her parents have told her that any remaining money she saves they

brilliants [131]

A $66.50

First take the money she already has from the total.
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Then divide this by two. She only needs to save half of this as her parents will match the half she saves.
133÷2=66.5
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As defined in the Investment Advisers Act of 1940, the term "person associated with an investment adviser" would include all of

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Answer:

A) an employee of the firm with a degree in communications whose job is the graphic design of the investment adviser's research publications

Explanation:

In this case, the employee who performs tasks related to graphic design, but doesn't carry out any function similar to an associate partner or director of an investment adviser, is not considered a "person associated with an investment adviser". Even if that person actually worked for the investment adviser, his/her functions are considered clerical, the same as a secretary or receptionist.

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3 years ago

In the long run the prices charged by a firm in monopolistic competition will be

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Answer: The correct answer is "d. equal to average cost, including the opportunity cost of capital.".

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In long-term monopolistic competition, the demand curve will be tangent to the average long-term cost and the price set at this level. The benefits will be equal to zero and therefore there will be no entry or exit of companies.

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3 years ago

Recently, Pfizer and Allergan – the makers of Viagra and Botox, respectively – initiated a $160 billion merger. Pharmaceutical c

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Answer:

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Explanation:

The Lerner index measures market power in an industry. The formula for calculating the Lerner index is: L = (P - MC) / P

Lerner index for Botox = ($15 - $1.50) / $15 = 0.9

0.9 in the Lerner index means that a company has a very large market power. Under this situation, this is quite logical since Allergen has a monopoly on Botox, at least until the patent expires.

The Lerner index varies between 0 and 1, with 0 being a situation of perfect competition and 1 a monopolistic situation.

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3 years ago

Swiss Furniture Company manufactures bookshelves and uses an activityminus−based costing system. The following information is pr

UkoKoshka [18]

Answer:

Cost of material handling and assembling per book shelf = $135.0811

Explanation:

Material Handling = $7,700 for 10,430 parts

Assembling = $10,600 for 10,430 parts

Packaging $2,640 for 1,490 bookshelves.

Each bookshelf consists 77 parts

We need to calculate material handling and assembling cost per book shelf.

Material handling cost per part = $7,700/10,430 = 0.738

Cost for 77 parts = 0.738 X 77 =$56.826

Assembling costs per part = $10,600/10,430 = $1.0163

Cost for 77 parts = $1.0163 X 77 = $78.2551

Cost of material handling and assembling per book shelf = $56.826 + $78.2551 = $135.0811

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3 years ago