Answer:
$ 2800
Explanation:
Given data:
The cost of Jerome Jame's vacation home = $ 112,000
The tax rate = 25 mills
now,
the mills is converted into the dollar rates amount by dividing the mills rate by 1000
thus,
the rate in dollars = 25/1000 = 0.025
therefore,
the tax to be paid = 0.025 × $ 112,000
or
The tax to be paid = $ 2800
Answer: The equilibrium price always rises
Explanation:
When the supply shift towards left, the supply curve increases the price of equilibrium and there is decreases in the quantity of the equilibrium. When the demand curve shifts towards right then, the demand curve increasing the price of equilibrium as well as increased the quantity of the equilibrium. This concludes that, the equilibrium price always rises.
Answer:
return on customer
Explanation:
Return on Customer known as ROC can be regarded as the metric designed by the company, it entails the measure of generated profit from the customer during a particular period of time as well as the value changes of customers both positive and negative changes during the particular period. However the customer must be a trusted one for firm to carry out this. It should be noted that The metric that measures how well an enterprise is using customers to create short-term and long-term value is return on customer.
Answer:
b.16.04%
Explanation:
<u>We solve for the average equity throughout the year:</u>
common stock (600,000 + 600,000) / 2 = 600,000
paid in (75,000 + 75,000/ 2 = 75,000
Retained Earnings (310,000 + 210,000) / 2 = 260,000
Average equity: 935,000
The equity return will be the net income over the average equity
interest to debtholders are paid before earnings are available to shareholders so we do not remove them.
150,000 / 935,000 = 0,1604278
Answer:
This is known as Bank panic
Explanation:
Bank panic happens when in a banking system, many banks suffer from a bank run, that is, many of its depositors loss their confidence that the bank may repay their deposit, thus they want to withdraw their deposit put with the bank.
As Banks operating using notably high leverage, many of its assets are not highly liquid ( e.g: loans, bonds that will not be paid until maturity) and the fact that they lend to and borrow from each others frequently and heavily, a bank run happens for one bank may cause liquidity issues to not only that bank but also other banks in the systems.
Having understood that, people tend to speculate that a run on one bank will cause significant problem to the systems, and a likely probability that bank panic occurs.