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Luden [163]
2 years ago
10

The economies of the new western states were very different from those of the northeastern states in the mid-1800s. One major di

fference was that western states - Question 7 options:
Business
1 answer:
horsena [70]2 years ago
4 0

One major difference between the western states and those of the northeastern states in the mid 18th century was that the western states focused on <u>mining and agriculture.</u>

<h3>Economic Development in the 18th Century</h3>

During the 18th century, the was a remarkable improvement in agricultural techniques which translated into better harvest. some of those techniques are:

  • Crop Rotation
  • Use of more advanced machines
  • Introduction of new crops such as corn and potatoes.

Please see the link below for more about Economic Development in the 18th Century:

brainly.com/question/4819763

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The ledger of Columbia, Inc. on March 31, 2014, includes the following selected accounts before adjusting entries.
Jlenok [28]

Answer:

1

Explanation:

8 0
3 years ago
An appliance store sells 500 units of a particular type of dishwasher each year. The demand for this product is essentially cons
Elis [28]

Answer:

161 units

Explanation:

Economic order quantity = √[(2 x annual demand x orderign cost) / annual holding cost per unit]

annual demand = 500 units

ordering cost = $1,000

holding cost = $550 x 7% = $38.50

EOQ = √[(2 x 500 x $1,000) / $38.50] = 161.16 units ≈ 161 units

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3 years ago
What is the best reason for homebuyers to create a budget before taking out a mortgage?
Pavlova-9 [17]

Answer:

B. planning on selling their homes before the term of the loan ends.

Explanation:

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3 years ago
When a commercial bank borrows additional reserves from another bank, it pays which interest rate?
oksano4ka [1.4K]

Answer:

Federal funds rate

Explanation:

Federal funds rate can be described as a target interest rate which is set by the Federal Open Market Committee (FOMC) and it is the interest rate at which excess reserves of commercial banks are lent to and borrowed from each other overnight.

The law requires that commercial banks must maintain certain percentage of their deposits in their account with Federal Reserve bank as a reserve. When there is an excess of money above the required level in the reserve of some banks, the excess can be lent by those banks to other banks that have shortfalls. The interest rate that is paid by the borrowing banks is the federal fund rate.

8 0
2 years ago
Read 2 more answers
John Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritan
I am Lyosha [343]

Answer:

John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

Explanation:

To determine this, we employ the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount of the boat he wants = $341,400

M = Annual investment required = ?

r = Annual interest rate = 12%, or 0.12

n = number of yeas = 6

Substituting the values into equation (1) and solve for M, we have:

$341,400 = M * (((1 + 0.12)^5 - 1) / 0.12)

$341,400 = M * 6.35284736

M = $341,400 / 6.35284736

M = $53,739.6824846741

Approximating to 2 decimal places, we have:

M = $53,739.68

Therefore, John Fillmore must invest $53,739.68 of his inheritance annually to buy the boat at retirement.

8 0
2 years ago
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