Answer:
1.5 million black American millionaires.
Explanation:
margaret puts money into her savings account each month. in this example money is functioning as a
Answer: a store of value
In case where Margaret deposits money into her savings account monthly, the money functions acts as a store of value.
What are the characteristics of money?Money is a legally sanctioned document of the government and serves as a medium of exchange. It is generally acceptable mode of payment and is legal tender.
One of the main features of money is the storage and stability of its own value. This implies that money is something which is easily accessible and can be retrieved on demand.
In the above example, Margaret puts her money into the savings account, where she can easily use, store and retrieve the amount of money as per her will and requirement. So, money acts as a store of value.
Hence, it may be stated that when someone deposits money into the savings account, such money being deposited acts as a store of value.
Learn more about characteristics of money here:
https://brainly.com/question/14108130
#SPJ2
what is 450x12 PLZ HELP ME I NEED HELP
Answer:
5400
quick and easy thank u
How do businesses maintain a formal record of financial transactions?
a) Publish an income statement b) Publish a balance sheet
c) Maintain a general journal
d) Utilize the Matching Principle
Businesses maintain a formal record of financial transactions through publication of income statement and balance sheet.
A formal record of financial transaction entails publication of periodic financial statement to allows users them to understand the financial position of the company.
The process of Bookkeeping with helps to record all financial transactions helps to publish an income statement and balance sheet.
The income statement and balance sheet are the two main financial record which depict the accurate position of the firms position.
Therefore, the Option A and B is correct.
Read more bout income statement
brainly.com/question/24778422
at land rover, voluntary discussion groups of 4 to 12 employees met weekly to identify cost savings, improve product quality, and discuss work-related problems. although the teams were later phased out, their work was, in part, responsible for almost doubling production at land rover from 1993 to 1996.
Explanation:
you would have 5000
i hope i help you
perfectly competitive market in long run equilibrium. if demand decreases, we can be certain that price will
Answer:
fall in the short run. all, some, or no firms will shut down, and some of them will exit the industry. price will then rise to reach the new long-run
The United States and Canada have the production possibilities curves shown above. It is determined that the United States has the comparative advantage in peanuts. Will both nations gain from trade if the terms of trade that are offered are 1 Peanut= 2 Corn? Why or why not? Show your work.
In an exchange term in which 1 peanut is offered in exchange for 2 corn, the United States benefits because it has a greater capacity to exchange peanuts, so it can obtain more corn.
The graph shows the production capacity of the United States and Canada to produce corn and peanuts. In the case of the United States, it has the capacity to produce 60 of each product while Canada only has the capacity to produce 60 of corn and 20 of peanuts.
According to the above, if an exchange is established between the two countries in which 1 peanut is exchanged for 2 corn, the United States would have an advantage since they have more peanuts to offer and the amount of corn they would receive at change would be greater (maximum 160 corn)
On the other hand, Canada only has the capacity to change 20 peanuts, which is equivalent to 40 corn. So the United States is at an advantage because it has more peanuts to offer and would have a greater reception of corn.
Note: This question is incomplete because the graph is missing. Here is the graph.
Learn more about production in: https://brainly.com/question/1969315
Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.
Requried:
What accounting recognition, if any, should be accorded this situation?
The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.
Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.
Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as followsIn conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000
Read more about accounting recognition:
brainly.com/question/1380073
Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
an example of contractionary fiscal policy would be:
Answer:
increasing taxes and lowering government spending.
Explanation:
When the government lowers taxes, consumers have more disposable income.
Paid Rs.4,500 to Anita after deducting 10% discount.
Answer:
4050
Explanation:
=10%of 4500
=450
now,
4500-450=4050
Oil refining is an example of:
Construction Production
Extractive Production
Domestic Production
Traditional Production
Answer:
Explanation: step by step
arts stream padhne se aacha to python ya java ki book pdf download kar lo usse padh lo
Answer:
Hahahahahahahha is it that much difficult
What kinds of products
and property do cyber-
protection laws cover?
Answer:
Act of threatening to share information about a person to the public, their friends or family, unless a demand is met or money is paid
Explanation:
When the quantity supplied is greater than the quantity demanded:
Answer:
... you have lots of extra products lying around and often prices will drop.
Export Production,
Increases the country's stock of wealth
Allows family members to make productive use of their time
Saves money on imports
Produces enough to support the needs of the community
Answer:
Increases the country's stock of wealth
Explanation:
There are two types of businessesImportExportImport means to buy things which are made otherwhere from other countries to our own country.Export means to transfer things which are made in our country to outsideTrue or false :Equifax experian and transunion are legally obligated to provide identical information
It should be noted that Equifax experian and transunion are legally obligated to provide identical information.
What is Experian and Equifax?Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.
They help individuals to rate the overall ability to pay back a debt.
Learn more about Experian and Equifax at;
https://brainly.com/question/2784576
When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ___________________ will increase
Based on the question above, demand and supply will increase.
Demanddemand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.Supply supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.Therefore, the correct answers are demand and supply.
Learn more here:https://brainly.in/question/19402695
QUESTION 7 of 20: Money market refers to:
You plan on making a $235. 15 monthly deposit into an account that pays 3. 2% interest, compounded monthly, for 20 years. At the end of this period, you plan on withdrawing regular monthly payments. Determine the amount that you can withdraw each month for 10 years, if you plan on not having anything in the account at the end of the 10 year period and no future deposits are made to the account. A. $769. 27 b. $767. 23 c. $78,910. 41 d. $79,120. 84.
Answer:
10
Explanation:
The amount of money that can be withdrawn each month for 10 years is equal to: A. $769. 27.
Given the following data:
Time = 20 yearsMonthly payment = $235.15Interest rate = 3.2%To determine the amount of money that can be withdrawn each month for 10 years:
First of all, we would convert the compounded interest rate into an effective monthly interest rate as follows:
[tex]r = \frac{0.032}{12} = 0.00267[/tex]
Next, we would calculate the future value for these annuities by using this formula:
[tex]A = \frac{P[(1+r)^{12t} - 1]}{r}[/tex]
Where:
A is the future value.P is the monthly payment or principal.r is the effective monthly interest rate.Substituting the given parameters into the formula, we have;
[tex]A = \frac{235.15[(1+0.00267)^{12 \times 20}\; - \;1]}{0.00267}\\\\A = \frac{235.15[(1.00267)^{240}\; - \;1]}{0.00267}\\\\A = \frac{235.15[1.8964\; - \;1]}{0.00267}\\\\A = \frac{235.15[0.8964]}{0.00267}\\\\A = \frac{210.789}{0.00267}[/tex]
A = $78,947.19
Now, we can the amount of money that can be withdrawn each month for 10 years by using this formula:
[tex]A = \frac{P[(1+r)^{12t} - 1]}{r(1+r)^{12t}}[/tex]
Making P the subject of formula, we have:
[tex]P = \frac{A[r(1+r)^{12t}]}{(1+r)^{12t} - 1}[/tex]
Substituting the given parameters into the formula, we have;
[tex]P = \frac{78,947.19[0.00267(1+0.00267)^{12 \times 10}]}{(1+0.00267)^{12 \times 10} - 1}\\\\P = \frac{78,947.19[0.00267(1.3771)]}{1.3771 - 1}\\\\P = \frac{290.278}{0.3771 }[/tex]
P = $769.27
Read more: https://brainly.com/question/16992474
A savings account is a good choice for:
A. a high return on your investment.
B. retirement planning.
C. when you need easy access to your funds. .
о
D. basic savings and as an emergency fund.
Answer:
B. Basic savings and as an emergency fund
Explanation:
Suppose In a Snap Ltd. Just issued a dividend of $1. 25 per share on its common stock. The company paid dividends of $. 85, $. 90, $1. 04, and $1. 10 per share in the last four years. If the stock currently sells for $45, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? What if you use the geometric average growth rate?.
Who is likely to be in favor of a country that would be a net exporter moving from autarky to free trade
Explanation:
sorry don't know think you should ask the question
What tool in Word can you use to search your entire document for spelling and grammar errors?
Grammar Fixer
Spelling Dictionary
Spelling Help
Spelling and Grammar Check
Answer:
Spelling and Grammar check.
Explanation:
Niki makes the same payment every two months to pay off his $61,600 loan. The loan has an interest rate of 9. 84%, compounded every two months. If Niki pays off his loan after exactly eleven years, how much interest will he have paid in total? Round all dollar values to the nearest cent. A. $39,695. 48 b. $10,294. 26 c. $3,126. 29 d. $39,467. 12.
The total amount of interest paid by Niki is $39,695.48.
The loan is termed as the amount that is borrowed by the lender and is paid off back at some defined amount of interest.
Computation of amount of interest to be paid by Niki:
The given information is:
P is the periodic payment.
PV = $61,600
r = 0.0984
t = 6
n = 11 years
[tex]\begin{aligned}PV = \frac{P(1 - (1 +\frac{r}{t}^{nt}))}{\frac{r}{t}}\end{aligned}[/tex]
[tex]\begin{aligned}61600 =\frac{P(1 - (1 +\frac{0.0984}{6}^{11\times6})}{\frac{0.0984}{6}}\end{aligned}[/tex]
[tex]\begin{aligned}61600 =\frac{P(1 - (1 + 0.0164)^{66} )}{ 0.0164}\end{aligned}[/tex]
[tex]61600\times0.0164 = P(1 - (1.0164)^{66} )[/tex]
[tex]\begin{aligned}1010.24&=p\times(1-0.341769)\\1010.24&=0.658321\times p\\p&=\frac{1010.24}{0.658321}\\p&=1534.78\end{aligned}[/tex]
Niki pays $1534.78 every two months continuously for eleven years.
[tex]\begin{aligned}\text{The total payment made by Niki} &= \text{Tenure Period} \times 6 \times \text{Amount of interest}\\\text{The total payment made by Niki}&=11\times6\times\$1534.78\\\text{The total payment made by Niki}&= \$101295.48\end{aligned}[/tex]
[tex]\text{Interest paid} = \text{Total Payment} - PV\\\text{Interest paid} = 101295.48-61600\\\text{Interest paid} =\$39,695.48[/tex]
Therefore, the correct option is A.
To know more about the computation of interests, refer to the link below:
https://brainly.com/question/26051659
What do you think Madison needs to include in the fire prevention training plan?
.
Dylan and Roberta want to teach their children about money management. What is the BEST way to help their children understand money?
A. Dylan and Roberta should invest money for their children’s education.
B. The children should manage their own weekly allowances.
C. They should wait until the children are older than 16 to discuss money.
D. The children should put all of their money in piggy banks and never spend it.
Hi!
Option C is correct.
Explanation of the choices:
A. - This seems a good choice, however it's not the best choice. Let's come back to it.
B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.
C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.
D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.
Hope this helps! :D
Answer:
the right answer is "B. The children should manage their own weekly allowances."
Explanation:
trust me ;)
What is a trend in business
a new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special acquisition fees of $6,000, would have a cost basis of:
Based on the information given the cost basis is $132,000.
Using this formula
Cost basis=Purchases price+ Transportation costs + Installation costs + Special acquisition fees
Where:
Purchases price=$109,000
Transportation costs=$12,000
Installation costs=$5,000
Special acquisition fees=$6,000
Let plug in the formula
Cost basis=$109,000+$12,000+$5,000+$6,000
Cost basis=$132,000
Inconclusion the cost basis is $132,000.
Learn more about cost basis here:https://brainly.com/question/15637366
A contractor can spend at most $350 a day on operating costs and payroll. It costs $75 each day to operate the forklift and $55 a day for each crew member. Write an inequality to represent the contractor's budget for the day. 75 55x ≥ 350 75 55x ≤ 350 75x 55 ≥ 350 75x 55 ≤ 350.
An inequality to represent the contractor's budget for the day is [tex]75 + 55x \leq 350[/tex].
Let the number of crew member be x.Let the forklift operating cost be F.Let the total cost be T.Let the payroll be P.Given the following data:
Total expense [tex]\leq[/tex] $350
Forklift operating cost = $75
Payroll for each crew member = $55
To write an inequality to represent the contractor's budget for the day:
The contractor's budget for the day on operating costs and payroll must not exceed $350. Thus, the mathematical expression (inequality) for the contractor's budget in a day is represented as follows:
[tex]F+Px \leq T[/tex]
Substituting the given parameters into the formula, we have;
[tex]75 + 55x \leq 350[/tex]
Read more: https://brainly.com/question/13798501
Gareth bought a home for $135,000. The home gained 2. 2% in value every year for eight years until Gareth sold it. How much profit did Gareth make, to the nearest hundred dollars? a. $60,700 b. $25,700 c. $23,800 d. $29,100.
The amount of profit made by Gareth upon the sale of the home is $26,700.
Computation:
Given,
[tex]P[/tex] = Principal Amount of $135,000
[tex]i[/tex] = interest rate of 2.20%
[tex]n[/tex] =number of years are 8 years
First, the value of the home at the end of the 8th year will be computed by using the formula of future value.
[tex]\begin{aligned}\text{Future Value}&=P\times(1+i)^n\\&=\$135,000\times(1+0.022)^8\\&=\$160,672.27\end{aligned}[/tex]
Now, the profit will be computed by taking the difference of the future value of the home and the purchase price or the principal amount of the home.
[tex]\begin{aligned}\text{Profit}&=\text{Future Value\;-\;Principal Amount}\\&=\$160,672.27-\$135,000\\&=\$25,672.27\;\text{or}\;\$25,700\end{aligned}[/tex]
Therefore, at the time of sale of the home, the amount of profit gained by Gareth is $25,700.
To know more about future value, refer to the link:
https://brainly.com/question/1759639
Answer:
b. $25,700
Explanation:
got it right