The average number of times each dollar in the money supply is used to purchase goods and services is called:_____

Show what you need for each of your calculator keys when computing your answer.

ddd [48]

Answer:

$\large\boxed{\large\boxed{\$10,470.57}}$

Explanation:

The monthly payment to pay a loan with constant rate is given by the formula:

$Payment=Loan\times \bigg[\dfrac{r(r+1)^t}{(r+1)^t-1}\bigg]$

Where:

r is the monthly compounded rate and it is equal to the APR (annual percentage rate) divided by 12: r = 5.5%/12 = 0.055/12

t is the number of months: t = 60

Then, you can subsitute with the maximum payment to find the <em>maximun amount you can afford to borrow</em> (loan):

$\$200=Loan\times \bigg[\dfrac{(0.055/12)((0.055/12)+1)^{60}}{((0.055/12)-1)^{60}-1}\bigg]$

$\$200=Loan\times 0.01910116$

$Loan=\$200/0.01910116=\$10,470.57$

3 0

3 years ago

You've observed the following returns on Crash-n-Burn Computer's stock over the past five years: 6 percent, -14 percent, 12perce

Alexeev081 [22]

Answer:

1.6%

Explanation:

For computing the average nominal risk premium, first we have to determine the average nominal return which is shown below:

= (Stock over past five years) ÷ (number of years)

= (6% - 14% + 12% + 9% + 11%) ÷ (5 years)

= 4.8%

Now the average nominal risk premium would be

= Average nominal return - average T-bill rate

= 4.8% - 3.2%

= 1.6%

3 0

3 years ago

Smith Company reports the following information: Cost of goods manufactured $68,250 Direct materials used 27,000 Direct labor in

mafiozo [28]

Answer:

Ending Work in process= $13,500

Explanation:

Giving the following information:

Cost of goods manufactured $68,250

Direct materials used 27,000

Direct labor incurred 25,000

Work in process inventory, January 1 11,000

Factory overhead is 75% of the cost of direct labor.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250= 11,000 + 27,000 + 25,000 + (0.75*25,000) - Ending WIP

Ending WIP= 11,000 + 27,000 + 25,000 + 18,750 - 68,250

Ending WIP= 13,500

6 0

3 years ago

________ is shown on a multiple-step but not on a single-step income statement.

puteri [66]

Answer:

Cost of goods sold.

6 0

2 years ago

Sayon Co. issues 200,000 shares of $5 par value common stock to acquire Trask Co. in an acquisitionbusinesscombination. The mark

enot [183]

Answer:

option (c) $1,365,000

Explanation:

Given;

Number of shares issued = 200,000

Par value of the common stock = $5

Market value of the common stocks= $12

Legal and consulting fees = $110,000

Registration and issuance costs for the common stock = $35,000

Now,

The par value of the stocks

= Number of shares issued × Par value of the stocks

on substituting the respective values, we have

= 200,000 × $5

= $1,000,000

and, the Market value of the stocks

= Number of shares issued × Market value of the stocks

on substituting the respective values, we have

= 200,000 × $12

= $2,400,000

Therefore,

the net additional paid in cash

= Market value of the stocks - par value of the stocks - Registration and issuance costs

on substituting the respective values, we have

= $2,400,000 - $1,000,000 - $35,000

= $1,365,000

The legal and the consulting fees is not included above because they are paid in cash.

Hence, the correct answer is option (c) $1,365,000

5 0

3 years ago

The average number of times each dollar in the money supply is used to purchase goods and services is called:______.