Answer:
5 percent per year.
Explanation:
Base on the scenario been described in the question, where we saw the demand loanable funds for car loans in the milwaukee area is $10 million per month at an interest rate of 10 percent per year, $11 million at an interest rate of 9 percent per year, $12 million at an interest rate of 8 percent per year, if eventually the supply of loanable funds is fixed at $15 million, the equilibrium rate will be 5 percent per year because it is fixed
Answer:
A. $60,000 U
Explanation:
Given that
Budgeted fixed cost = 540,000
Actual fixed cost = 600,000
Recall that,
fixed overhead flexible-budget variance = Actual amount - standard (budgeted) amount
Thus,
Variance = 600,000 - 540,000
= $60,000 Unfavorable
It is unfavorable because the actual cost is higher than the budgeted cost. When actual cost is less than budgeted cost, it is favorable.
Answer:
$27,300
Explanation:
Let husband's salary be x
Wife's salary is 15% more than husband's salary. This implies that wife's salary is 15% of x plus x.
Wife's salary = 0.15x + x
= 1.15x
Sum of their salaries = $58,695
Substituting the values in the equation:
58,695 = 1.15x + x
2.15x = 58,695
x = $27,300
Husband's annual salary is computed as $27,300
Answer:
The answer is: C) Operation Methbust would reduce the supply of meth; Operation Say No would reduce the demand for meth.
Explanation:
Operation Methbust is about reducing the number of suppliers of methamphetamines by destroying meth labs and arresting those responsible. While Operation Say No to Meth is about reducing the demand of meth by educating possible consumers about the risks of using meth.
Answer:
the lump sum that would equal the present value of the annual installments is $38,163,612
Explanation:
The computation of the lumspum amount is as follows;
= Cash flow × (1 - (1 + rate of interest)^-number of years) ÷ rate of interest)
= $89 million × (1 - (1 + 0.0765)^-26) ÷ 0.0765)
= $38,163,612
Hence, the lump sum that would equal the present value of the annual installments is $38,163,612
Therefore the above is calculated by applying the given formula
