<span>b) With an adjustable rate mortgage, the interest rate always increases after the first five years
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Answer:
$4.069 per share
Explanation:
Earning before tax:
= Earning before interest and tax - interest expense
= $776,000 - $150,000
= $626,000
Earnings available for equity shareholders:
= Earning before tax - Taxes
= $626,000 - $219,100
= 406,900
Earnings per share:
= Earnings available for equity shareholders ÷ No. of common stock outstanding
= 406,900 ÷ 100,000
= $4.069 per share
Answer:
$8,780
Explanation:
According to the planning budget, the monthly operating cost for the vehicle is:
Where 'd' is the number of snow-days.
If the company has planned for 16 snow days, then the operating cost in the planning budget would be:
The planning budget for December would be $8,780
Answer:
The company must sell 800 units in order to earn the target.
Explanation:
This question requires us to calculate number of units required to be sold in order to acheive target profit. The answer can be calculated using simple break even calculation methodology.
To find number of units required to be sold we will divide sum of fixed cost and pre tax profit with contribution per unit.
Requires Sales = <em>(Fixed Cost + Pre tax profit)/ Unit contribution</em>
= (15,000+ (20,000/80%))/ 50 = 800 units
Suppose that the hypothetical country of Andesland suffers a chronic scarcity of its staple grain, quinoa.
Andesland is restrained by the resources it has to satisfy the various wants of its residents. The given statement is true.
One of the core principles of economics is scarcity. It indicates that there is a gap between the supply of an item or service and the demand for it. As a result, customers, who ultimately drive the economy, may have fewer options due to scarcity.
Given such shortages are unheard of in wealthy nations, Andesland must be a developing nation. When a country's resources are insufficient to meet all of its citizens' needs, the situation is referred to as scarcity. Even though it is less obvious in wealthy countries, scarcity still occurs.
Learn more about scarcity here brainly.com/question/3081250
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