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2 years ago

15

If the family decides to reduce its clothing budget by $200 a month, how much will the new clothing budget be? Round to the near

est dollar.

1 answer:

STALIN [3.7K]2 years ago

6 0

Answer:

$970

Explanation:

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What is meant by the term "piercing the corporate veil"?select one:a.corporate directors and/or officers may be held personally

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<span>Typically, a corporation is considered to be a unique and seperate entity from it's Board Directors and Shareholders. "Piercing the corporate veil" is the act of legally holding those Directors or Shareholders personally liable and responsible for the Corporation's actions or liabilities.</span>

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2 years ago

Work requirements were a key feature of the PRWORA policy for welfare receipt. However, because state-supported workfare jobs ar

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d. a way to increase the number of assistance recipients.

Explanation:

PRWORA policies are updated for welfare receipt. The job is state supported and its costly to administer. The work requirement became a way to increase the number of existing assistance recipients.

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2 years ago

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2 years ago

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The general pattern that consumption of the first few units of any good tends to bring a higher level of utility to a person tha

spin [16.1K]

Answer:

Law of Diminishing Marginal Utility

Explanation:

The Law Of Diminishing Marginal Utility states that all things being equal as consumption rises the marginal utility derived from additional unit of consumption falls.

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2 years ago

Home loans typically involve "points," which are fees charged by the lender. Each point charged means that the borrower must pay

nirvana33 [79]

Answer:

Ans. The effective annual interest rate charged on the loan is 12.99% effective annually. (Please see the attached excel spread sheet)

Explanation:

Hi, attached is the amortization table that I made for this case. Notice that there is a yellow and green cell, the yellow one is the result of using the "IRR" function of MS Excel which provides an effective monthly rate, since the payments are made every month, then we have to transform that monthly effective rate into an effective annual rate, this is the formula to use.

$EffectiveAnnual=(1+EffectiveMonthly)^{\frac{1}{12} } -1$

That is:

$EffectiveAnnual=(1+0.012267477)^{\frac{1}{12} } -1=0.12986448$

Which we round to 12.99% effective annually.

Finally, notice that I didnt use the payments to find the effective rate, I used the cash flow, that was because you didn´t receive all the 100K (the fee, remember?), you received $98,000.

Best of luck.

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2 years ago