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kirza4 [7]
3 years ago
12

A public relations specialist earns $41,500 salary each year. He/she wants to spend no more than three times his/her salary on a

house. What is the maximum price of a home that he/she can afford
Business
1 answer:
Pepsi [2]3 years ago
5 0

Answer:

Maximum price= $124,500

Explanation:

Giving the following information:

Annual salary= $41,500

He/she wants to spend no more than three times his/her salary on a house.

<u>To calculate the maximum price that he/she is willing to pay, we need to use the following formula:</u>

Maximum price= 41,500*3

Maximum price= $124,500

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A perfectly inelastic supply curve means that … a) a shift in demand will cause the quantity supplied to increase to infinity. b
Jet001 [13]

Answer: A perfectly inelastic supply curve means that<u><em>  the quantity supplied is completely fixed.</em></u>

Perfectly inelastic supply states that supply is completely fixed. Therefore it is not affected by the change in price level.

<u><em>Therefore, the correct option in this case is (e)</em></u>

5 0
4 years ago
Ghana is the largest exporter of cocoa, while Netherland is the largest importer of cocoa. How have the two participating countr
VladimirAG [237]
I believe the correct answer from the choices listed above is the second option. The two <span>participating countries were benefited by global trade in terms of </span><span>economic growth in both the countries. Hope this answers the question. Have a nice day.</span>
3 0
3 years ago
Read 2 more answers
Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on Dec
DaniilM [7]

Answer:

See the journal entry below

Explanation:

Retained earnings A/c Dr $500,000

Dividends payable A/c Cr $500,000

Here, cash dividend is being declared by the board on 100,000 shares hence the account of retained earnings is debited and account of dividends payable is credited.

NB.

Amount = Share × Price per share

Given that;

Share = 100,000

Price per share = $5

Amount

= 100,000 × $5

= $500,000

4 0
3 years ago
Miranda is a network engineer. She has been hired to set up a network for a nonprofit organization with more than
sweet [91]

Answer:

hi your question lacks the options hence i will list out some factors to be considered :

  • The goal of the network
  • The training of the employees on how to use it
  • The budget of the organization
  • The maintenance

Explanation:

A network engineer is a professionally trained technology expert that his primary duty is to setup a computer network within an organization that enables the exchange of voice, data and video within the organization.

A network engineer has to consider some factors while performing his duties in other to do an excellent job for the organization and some factors to be considered are. the goal of the network which simply means that the network service required by the organization of what purpose do they want it, the training of the employees on how to use the network is also considered by the engineer the most important which is the budget of the organization and the maintenance of the network after it has been setup.  

4 0
3 years ago
Use the information in the chart to calculate the real exchange rate between the U.S. dollar and the Indian rupee. Round to the
JulsSmile [24]

Answer: 52.51 rupees/dollar

Explanation:

The real exchange rate attempts to account inflation in the countries being compared by using prices in the exchange rate.

The formula for calculating it is;

Real exchange rate = Nominal exchange rate *(Price index of domestic country/Price index of foreign country)

Real exchange rate in 2014 = 57*(99.5/108)

= 52.51 rupees/dollar

3 0
3 years ago
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