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RoseWind [281]
3 years ago
5

What is an agreement between a consumer and lender to borrow money and pay it back in increments called? A. credit B. lending C.

grant D. subsidy
Business
1 answer:
muminat3 years ago
4 0
"Credit" is the one among the following choices given in the question that <span>is an agreement between a consumer and lender to borrow money and pay it back in increments. The correct option among all the options that are given in the question is the first option or option "A". I hope the answer has helped you.</span>
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Juanita is deciding whether to buy a skirt that she wants, as well as where to buy it. Three stores carry the same skirt, but it
shutvik [7]

Answer:

It will puchase the skirt across town as it has the less economic cost.

Explanation:

We are going to add up the opportunity cost (lost wages) to the cost of the skirt:

                 travel-time* Price   **Opp. Cost    Economic Cost

local department    30     $ 112.00   $ 13.00           $ 125.00

across town          60     $ 89.00   $ 26.00   $ 115.00

neighboring city 120     $ 70.00   $ 52.00   $ 122.00

*travel-time we multiple the time it took each eway by 2

**Opp. Cost  = wages per hour x travel time / 60

Then, the economic cost is the sum of the value of the skirt and the lost wages.

We pick the lowest economic cost.

6 0
3 years ago
Mike Finley wishes to become a millionaire. His money market fund has a balance of $403,884 and has a guaranteed interest rate o
kipiarov [429]

Answer:

<u>Mike Finley</u>

t = 7.999983133 years rounded off to 8 years

<u>Sally Williams</u>

r = 0.110000123 or 11.0000123% rounded off to 11.00%

Explanation:

<u>Mike Finley</u>

To calculate the time period it will take Mike Finley to become a millionaire, we will use the formula of future value of cash flow. The formula for future value of cash flow is as follows,

Future value = Present value * (1+r)^t

Where,

  • r is the interest rate or rate of return
  • t is the time period in years

Plugging in the values for Future value, present value and r in the formula, we can calculate the t to be,

1000000 = 403884 * (1+0.12)^t

1000000 / 403884  =  1.12^t

2.475958444 = 1.12^t

Taking log on both sides.

ln(2.475958444) / ln(1.12)  =  t

t = 7.999983133 years rounded off to 8 years

<u>Sally Williams</u>

<u />

We will use the same formula for future value of cash flows as we used above to calculate the rate at which investment should be compounded annually to grow to $1 million.

1000000 = 209004 * (1+r)^15

1000000 / 209004 = (1+r)^15

4.784597424 = (1+r)^15

Taking root of 1 on both sides.

(4.784597424)^1/15  =  (1+r)^15 * 1/15

1.110000123  =  1+r

1.110000123 - 1 = r

r = 0.110000123 or 11.0000123% rounded off to 11.00%

7 0
3 years ago
Directional Lock Question #4: This investment is a basic good that can be 5 points
erastova [34]

Answer:

R

Explanation:

3 0
3 years ago
1. Mrs. Ryan plants 3 flowers along 4 inches of a garden row. The garden row is 3 feet long.
finlep [7]

Question 1. if 3 flowers = 4 inches, and she has a 3 foot long row to plant flowers, then we need to see how many inches the row is.

1 foot = 12 inches

12 inches x 3 = 36 inches, or 3 feet.

Now we need to divide.

36 divided by 4 = 9.

So now we know that Mrs. Ryan can plant x amount of flowers 9 times. This makes the answer easier to find.

To find the answer, we need to simply multiply 3 and 9.

3 x 9 = 27.

<em>Your answer would be Mrs. Ryan planted 27 flowers.</em>

Question 2. this is simple. Just multiply 5 and 3.

5 x 3 = 15.

<em>Your answer would be Mrs. murphy bought 15 feet of fabric.</em>

Question 3. This is simple...Just multiply 4.3 x 100, or move the decimal over to the right twice and put a 0 where theres an empty space.

4.3 x 100 = 430

<em>Your answer is the line is 430 centimeters wide.</em>

Question 4. This is simple, just multiply 2.9 x 100 or move the decimal over to the right twice and put a 0 where there's an empty space.

2.9 x 100 = 290

<em>Your answer is The book is 290 milliliters wide.</em>

Question 5. This is also very simple. This time we add a decimal twice to the left. Put the decimal next to the 0 in 210.

210.

21.0

2.10

<em>Your answer would be the bookshelf is 2.1 meters tall.</em>

Question 6. This is simple, again... Just multiply 13 and 2.54.

2.54 x 13 = 33.02

<em>Your answer would be c, 33.02 cm.</em>

Question 7. This is simple, again... Just multiply 13 and 2.54.

2.54 x 13 = 33.02

<em>Your answer would be c, 33.02 cm.</em>

6 0
3 years ago
Using a perpetual inventory system, the entry to record the return of inventory previously purchased on account includes a: Debi
prohojiy [21]

Answer:

Debit to Accounts Payable.

Explanation:

Using a perpetual inventory system, the entry to record the return of inventory previously purchased on account includes

Accounts Payable Dr.

Merchandise Inventory Cr.

In the periodic system the temporary Purchase Return and Allowances Accounts accumulates the cost of all returns and allowances during a period.

In periodic system each purchase, purchase returns, discounts, transportation in, transactions are recorded in separate temporary accounts.

7 0
3 years ago
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