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2 years ago

What gives rise to the problem of scarcity?

Business

1 answer:

horsena [70]2 years ago

5 0

Answer: I honestly have no idea im just stupid and i need points so yea im sry bye

Explanation:

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on january 1, 2024, howell enterprises purchases a building for $151,000, paying $41,000 down and borrowing the remaining $110,0

sashaice [31]

The transactions would debit the mortgage payment of $635.52, credit the cash account with $1,277.19, and credit the interest charge of $641.67.

<h3>A mortgage is what?</h3>

Although some lenders provide 20-year periods and others even let borrowers choose their own length, most fixed-rate mortgages have a 30-year or 15-year term. Before committing to a mortgage, homebuyers should take all available home loan options into account.

Payable Dr. Mortgage: $635.52

Dr interest expenditure $641.67 Cr cash $1,277.19

The initial payment made on the mortgage is $1,277.19, which may be divided into the principal repayment of $110,000 and the interest on the mortgage.

interest for the first month equals $110,000 * 7% * 1/12 = $641.67

Usually, the payment made consists of $635.52 ($1,277.19-$641.67) for the principal payments and $641.67 for the interest.

The entries would credit cash with $1,277.19, debit mortgage payment with $635.52, and debit interest charge with $641.67.

To learn more about mortgage payment refer to

brainly.com/question/28146849

#SPJ4

7 0

4 months ago

You have $12,500 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent per ye

lubasha [3.4K]

Answer:

Balance after 30 years = $151,018.50

Explanation:

In order to calculate this, we will calculate the future value on an amount invested, gaining interest over the years of investment, and this is given by:

$FV = PV (1 + r)^{t}$

where:

FV = future value

PV = present value

r = interest rate

t = time in years.

Hence the future value is calculated as follows:

1. For the first 10 years at 7% interest:

7% interest = 7/100 = 0.07

$FV = 12,500 (1 + 0.07)^{10}$

$FV = 12,500 (1.07)^{10}\\FV = 12,500 * 1.967 = 24,589.392$

2. For the last 20 years at 9.5%(0.095) interest:

Note that for the remaining 20 years, the present value (PV) used = 24,589.392, as ending balance after the first 10 years

$FV = 24,589.392 (1 + 0.095)^{20}$

$FV = 24,589.392 (1.095)^{20}\\FV= 24,589.392 * 6.1416\\FV = 151,018.496$

Total Future value earned = $151,018.50

5 0

2 years ago

Henry is a manager in an operations department in a computer manufacturing company. He thoroughly studied the production process

Fynjy0 [20]

Answer:

d. Scientific management.

Explanation:

The management theory used by Henry in this case is scientific management, which can be understood as an administrative model created by Taylor.

The main objective of scientific management is to make work more efficient using less resources and efforts, that is, making work more flexible by rationalizing work and implementing scientific techniques and training employees so that there is efficiency and effectiveness in organizational processes, with the lowest cost, time and continuous improvement.

4 0

2 years ago

With the availability of

Elenna [48]

Answer:

Why or why not? Yes, organizing is still a very important managerial function because work is separated, assembled, and coordinated with the help of organizing. Therefore allowing employees to work anywhere, anytime. Also, people still need to plan what to do at what time so as to ensure time maximation.

Credits to : assignmentexpert

Explanation:

4 0

2 years ago

Which of these factors would strengthen demand for a nation’s currency on the international market? Select all that apply.

-BARSIC- [3]

Answer:

B C D F

Explanation:

3 0

2 years ago

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What gives rise to the problem of scarcity?​

What gives rise to the problem of scarcity?