Answer: PV= 3,350,000
Fv= 3,500,000
PMT= 105,000
N= 10
YTM= 7.03%
7.03*3,500,000*0.5= 123,025
123,025-105,000= 18,025
Debit Credit
Interest Expense 123,025
Cash 105,000
Discount Amortized 18,025
Explanation:
The federal reserve account is the central bank of the United States of America. It is an independent bank in a sense that it does not need the approval of the President or any government authority to forego with their daily transactions. Only institutions have accounts in the federal reserves like commercial banks. An individual cannot access one.
Answer:
3 - 4 Jobs
Explanation:
an average American held 5 jobs during the six-year period between 18 and 24 years old. The numbers declined with age, from 25 to 32 workers held an average between 3 and 4 jobs. I hope this answer helps you.
Answer:
B. not maximizing utility because the marginal utility per dollar spent on movies is not equal to the marginal utility per dollar spent on CDs
Explanation:
Consumer is at utility maximising equilibrium in case of two goods consumption, when Marginal Utility per unit of dollar spent on each good is equal , i.e :
MU (G1) / P (G1) = MU (G2) / P (G2) , where ;
MU (G1) = Marginal Utility of Good 1 , MU (G2) = Marginal Utility of Good2 , P (G1) = Price of Good 1 , P (G2) = Price of Good 2
If Marginal Utility per unit of dollar spent on any good is higher than other , it is beneficial (utility maximising) for consumer to increase consumption of good having higher MU/P .
Given: MU (Movie) = 50, P (Movie) = 5 , MU (CD) = 96, P (CD) = 10. MU (Mov) / P (Mov) i.e 50/5 = 10 > MU(CD) / P(CD) i.e 96 / 10 = 9.6
Since consumer's MU per unit of dollar spent is not equal for both goods , consumer is not at utility maximising equilibrium.
Answer:
When the world price is $9.00 per barrel, imports are 10.25 million barrels per day.
Explanation:
This can be explained as following:
- At the domestic equilibrium, the quantity supplied and demanded were:
- When the world price is $9.00 (P=9), the domestic demanded and supplied quantity were:
- Demand: Qd = 15 - (1/4)x9 = 12.75 million
- Supply: Qs = -2 + (1/2)x9 = 2.5 million
When the domestic supply is 2.5 million barrels per day while the domestic demand is 12.75 million barrels per day, the domestic still lacks:
- 12.75 - 2.5 = 10.25 million barrels per day
So that they need to import 10.25 million barrels per day.
