Answer:
$39,230.35
Explanation:
Balance = $12,500
Rate of Interest = 21%
Duration to repay = 6 years
Future pending amount =[12,500 * (1 + 0.21)^6]
Future pending amount = 39,230.35
Thus, Kathy have to repay $39,230.35 at the end of 6 years.
Excessive credit usage would not lead to default on your loans because credit card companies offer loan when you maintain a healthy balance sheet which means you maintain a specific amount in your account always which can repay the loan easily. Keeping extra money in your account reduce the probability that customers default on loans.
Answer:
In the Basic Solow Model without exogenous growth, if the population, and therefore the labor supply, doubles <u>steady state output per worker will be unchanged.</u>
Explanation:
According to the given scenario options A, B and C are ruled out. Hence, the answer to the above question is option D. Steady state output per worker will be unchanged.
Hope this helps.
Your answer should be 90 percent.
Positive economics avoids value judgments, tries to establish scientific statements about economic behavior, and deals with actual economic events.
<h3>What is positive economics?</h3>
This is an objective analysis that is done in the field of economics. This branch of economics is one that has to do with:
- description
- explanation
- quantification of different phenomena in the field of economics.
It is more focused on facts and also on cause and effect relationships on economic behaviors.
Read more on positive economics here:
brainly.com/question/14300080
Answer:
Under-absorbed overheads= $15,000
Explanation:
<em>Over or under absorbed overhead occurs where there is a difference between absorbed overhead and actual overhead</em>.
To determine whether overhead is over absorbed or under absorbed we follow the steps below:
Step 1 : Absorption rate
Rate = 600,000/400,000× 100= 125%
Step 2 : Absorbed overhead
Absorbed overhead= 125%×240,000=300,000
Under absorbed overheads = 315,000-300,000= $15,000
Under-absorbed overheads= $15,000
