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3 years ago

What is a line of credit?

Business

2 answers:

prisoha [69]3 years ago

4 0

Answer:

A line of credit is the money you have on your credit card

Explanation:

Kamila [148]3 years ago

4 0

A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds.

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$16,281$⁢16,281 is invested, part at 15%15% and the rest at 13%13%. If the interest earned from the amount invested at 15%15% ex

aleksandr82 [10.1K]

Answer:

Ans. The amount invested at 13% was $1,595.97 and $14,685.03 were invested at 15%

Explanation:

Hi, you can solve this by using 2 equations, so let X be the portion of the money invested at 15% and Y be the amount invested at 13%. So the equation for the whole amount is:

$X+Y=16,281$

Now, the problem says that the money that you earn by investing at 15% exceeds the money received as interest in your investment of 13% by $1,995.27, this leads us to the second equation.

$0.15X=0.13Y+1995.27$

Now, to make it a little more friendly, we just have to go ahead and divide everything by 0.15, so we get.

$X=0.8667Y+13,301.8$

Now, in our first equation, we substitute X fo 0.8867(Y)+13,301.8 and we will see this.

$0.8667Y+13,301.8+Y=16,281$

Now, we solve for Y

$1.8667Y=16,281-13,301.8$

$Y=\frac{2,979.2}{1.8667} =1,595.97$

So the money invested at 13% was $1,595.97 therefore, the money invested at 15% was $16,281 - $1,595.97 = $14,685.03

And we can check this results like this. The money invested at 15% will return an amount of:

$14,685.03*0.15=2,202.75$

And the money invested at 13% will return

$1,595.97*0.13=207.48$

Substracting, we would found that the difference is:

$2,202.75-207.48=1,995.27$

Best of luck.

5 0

4 years ago

Crystal lives in the fictional country of Cuse, which raises government revenue by taxing everyone the same amount. The governme

Inessa05 [86]

Answer: $0; $0

Explanation:

New classical economists believe that any fiscal policy that the government embarks on is ineffective on the goods demanded by people.

If the government reduces taxes, Crystal (according to the New classical) will believe that the government will raise taxes in future to make up for the shortfall so she will send the $2,500 to savings so she can be able to pay off the future taxes.

If the government increases spending, Crystal will believe that this will be financed by future tax increases so she will still save the money to pay off future taxes.

5 0

3 years ago

The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $530,000 in the common stock account and $2.3 million in the additio

Tju [1.3M]

Answer:

$80,000

Explanation:

$The \ expression \ for \ calculating \ cash \ flow \ to \ stockholders \ is:$

$Cashflow \ = \ Dividend \ paid \ during \ the \ year \ - \ change \ in \ t he \ value \ of \ common \ stock \ during \ - \ change \ in \ value \ of \ stock \ in \ the \ previous \ year$ $Here;$

$Change \ in \ value \ of \ Common \ stock \ during \ the \ year \ =$ $\ Value \ of \ Common \ stock \ of \ the \ Curren t \ Year - Value\ of \ Common \ stock \ of \ the \ Previous \ Year$

$Change \ in \ valu e \ of \ Additional \ paid \ in \ surplus \ account \ during \ the \ year =$

$Value \ of \ Additional \ paid \ in \ surplus \ account \ o f \ the \ Current \ Year \ -$ $\ Value \ of \ Additional \ paid \ in \ surplus \ account \ of \ th e \ Previous \ Year$

From the information given:

$Dividend \ Payment \ during \ the \ year$ 2020 = $320000

$Value \ of \ stock \ in \ current \ yr$ = i.e. 2020 = $570000

$Value \ of \ stock \ in \ previoius \ yr$ = i.e. 2019 = $530000

Change = $570000 - $530000 = $40,000

$Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ current \ year$ = $2,500,000

$Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ previous \ year$ = $2,300,000

Change = $2,500,000 - $2,300,000 = $ 200000

∴

$By \ using \ the \ above \ information \ in \ the \ formula \ for \ calculating \ the \ cash \ flow \ to$

$\ stackholder, \ we \ get:$

= $320000 - $40,000 - $ 200000

= $80,000

4 0

3 years ago

Due to a downturn the wage of entry level workers has declined by 10 per cent, as a

lilavasa [31]

The cross elasticity of demand for senior workers is 1.5. Senior workers and entry-level workers are gross complements.

The scale effect dominates in this example.

If the wage of the entry level workers increase, the demand curve would shift to the right.

<h3>What is the crosss price elasticity?</h3>

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity = 15% / 10 = 1.5

Complement goods are goods or resources that are used together. As a result of the decline in wages, senior workers would be laid off. This means that senior workers and entry level workers work together.

<h3>What is the effect on the demand curve if the wages of entry level workers increase?</h3>

If the wage of the entry level workers increase, the demand for senior workers wouuld increase. This would lead to a shift to the right of the demand curve for senior workers.

To learn more about cross price elasticity, please check: brainly.com/question/26054575

8 0

3 years ago

A decrease in the number of sellers in the market causes

Arte-miy333 [17]

In the market economy there are two important factors, supply and demand, which are the regulators of the market price.

The offer is conditioned by fators such as technological advances, the number of sellers, the cost of supplies, and the expectations of sellers.

Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a <em>movement to the left</em>.

Answer

(A) the supply curve to shift to the left.

5 0

4 years ago