<span>The answer to the question stated above is liquidity.

The ease with which an asset can be converted quickly into cash with little or no loss of purchasing power is liquidity.

>>>Money is said to be perfectly liquid, whereas other assets have a lesser degree of liquidity.</span>

8 0

3 years ago

You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?

Fittoniya [83]

Answer:

The correct answer is "$10,607.92".

Explanation:

Given:

Amount borrowed,

P = 100000

Interest rate,

r = 10%

or,

= 0.1

Time,

= 30 years

Now,

The annual payment will be:

⇒ $A=P\times \frac{r(1+r)^n}{(1+r)^n-1}$

$=100000\times \frac{0.1(1+0.1)^{30}}{(1+0.1)^{30}-1}$

$=10,607.92$ ($)

7 0

3 years ago

Spartan Systems reported total sales of $374,400, at a price of $24 and per unit variable expenses of $13, for the sales of thei

V125BC [204]

Answer:

$214,500

Explanation:

For the computation of the amount of contribution margin first we need to follow some steps which are shown below:

No of units sold = Total sales ÷ selling price per unit

= $374,400 ÷ $24

= $156,00

Variable cost = No of units sold × Variable cost per unit

Variable cost = $15,600 × $13

=$202,800

Contribution margin = Sales - Variable cost

= $374,400 - $202,800

= $171,600

CM ratio = Contribution margin ÷ Sales

= $171,600 ÷ $374,400

= 0.46

Contribution margin = CM ratio × Sales Contribution margin

= 0.46 × (1.25 × $374,400)

= $214,500

3 0

4 years ago