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3 years ago

In four to six sentences, explain the savings-borrowing-Investing cycle.

Business

1 answer:

svet-max [94.6K]3 years ago

6 0

Explanation:

The saving-borrowing-investing cycle generally begins with consumer borrowing to fund their purchases and for seed capital and they then use this capital to invest in their future.

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What was the first state to make july fourth an official holiday?.

kaheart [24]

The first state to make July fourth an official holiday is Massachusetts.

<h3>What is the significance of July fourth?</h3>

The yearly celebration of nationhood in the United States is known as Independence Day is mainly known as July 4th. It celebrates the Continental Congress's adoption of the Declaration on July 4, 1776.

The American activist Douglass opposed the celebration as the rights of African American slaves were denied. This celebration is hypocritical and unfair according to him because it ignores a group of individuals.

He believes that as a result, Americans should be saddened, as the day serves as a reminder to all of them of the violence done against African Americans.

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2 years ago

Chad, who owns the only coffee shop in Rivercity, learns that Jose is about to open a competing coffee shop in the same small to

Leya [2.2K]

Answer:

Rivercity Coffee Shop

Chad cannot sue Jose. The $10,000 is paid to Jose is a bribe. Since a bribe is not legal, it cannot form the basis for an enforceable contract.

Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract

Explanation:

For a contract to be enforceable, it cannot be illegal. A bribe is illegal. The basis for the contract is illegal. Therefore, Chad cannot sue Jose. Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation. Jose cannot be held liable for non-performance.

6 0

3 years ago

The following table lists several determinants of aggregate demand.

Nookie1986 [14]

In macroeconomics, the word "aggregate demand" is used to define the total demand for commodities produced domestically, including capital goods, consumer goods, and services.

<h3>What do you mean by aggregate demand ?</h3>

However, aggregate demand identifies the complete market for all goods and services that an economy generates and expresses it as an overall dollar value. A nation might have a $1 billion annual aggregate demand for products and services, for instance.

A macroeconomic concept known as "aggregate demand" refers to the total demand for products and services during a specific time period at any given price level. Since the two indicators are calculated in the same way, aggregate demand is equal to GDP over the long run.

the total amount of products and services that will be consumed in the economy at all price points.

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1 year ago

You need a 35-year, fixed-rate mortgage to buy a new home for $260,000. Your mortgage bank will lend you the money at an APR of

nexus9112 [7]

Answer:

$345,050

Explanation:

An annual percentage rate (APR) is the annual rate that is paid on amount borrowed or received from an investment. It is usually stated as a percentage which indicates the annual cost of funds over the term of a loan.

From the question we have:

Mortgage loan amount = $260,000

Monthly repayment amount affordable = $1,000

ARR = 5.55%

Monthly ARR = 5.55% ÷ 12 = 0.4625%

Mortgage loan tenure in years = 35

Mortgage Loan tenure in months = 35 × 12 = 420

ARR amount payable monthly = Mortgage Loan × Monthly ARR

= $260,000 × 0.4625%

= $1,202.50

Total ARR amount payable = ARR amount payable monthly × Mortgage Loan tenure in months

Total ARR amount payable = $1,202.50 × 420

= $505,050.00

Total mortgage loan to repay after 35 years = Mortgage loan amount + Total ARR amount payable

Total mortgage loan to repay after 420 months = $260,000 + $505,050

= $765,050

Total repayment amount affordable = Monthly repayment amount affordable × Mortgage Loan tenure in months

Total repayment amount affordable = $1,000 × 420

= $420,000

Balloon payment after 420 months = Total mortgage loan to repay after 420 months - Total repayment amount affordable

Balloon payment after 420 months = $765,050 - $420,000

= $345,050

Therefore, the balloon payment have to be as large as $345,050 to keep monthly payments at $1,000.

7 0

3 years ago

During its first month of operations, Purrfect Pets purchased 6,100 bags of dog food at a cost of $6 a bag and sold all 6,100 ba

Otrada [13]

Answer:

Gross Profit $23720

Gross profit percentage 39.323%

Explanation:

The discounts allowed are subtracted from the sales .Also the sales allowances are deducted in the income statement.

Purrfect Pets

Sales units 6100

Sales Price $10

Sales $ 24000

Less Sales Discounts (2% of 10) *2400 (480)

Sales $ 23520

Add Sales without discount (6100-2400)*10 $37000

Total Sales $ 60520

Less Sales Allowances (200)

Net Sales $ 60320

Less Purchases (6100* 6) $ 36600

Gross Profit $23720

Gross profit percentage= Gross Profit /Sales *100 %

Gross profit percentage= $23720 / $ 60320* 100%= 39.323%

3 0

3 years ago

In four to six sentences, explain the savings-borrowing-Investing cycle.​

In four to six sentences, explain the savings-borrowing-Investing cycle.