Answer: Liam pays an average interest of 5.9% on the total $35,000.
Since the amounts borrowed and the respective interest rates are different, <u>the weighted average </u>will give us a better picture of the average interest paid on the loan.
We calculate weights based on the total amount borrowed.
Borrowing ($) Weights
Parents 3000 
= 0.228571429
<u>Bank 32000 
= 0.771428571
</u>
Total 35000 1
Once we have the weights, we multiply the interest rates with the respective weights. Then we find the total of the (weights * Interest rate) column to find the weighted average or the average rate Liam pays.
Weights Int Rates Weights * Interest rates
Parents 0.228571429 0.03 
<u>Bank 0.771428571 0.068
</u>
Total 1 0.059314286
The appropriate response is operant conditioning. Operant conditioning is a kind of realizing where conduct is controlled by outcomes. Enter ideas in operant molding are uplifting feedback, negative support, positive discipline and negative discipline.
Answer:
(a) 3 pounds of shrimp
(b) 5 pounds of shrimp
Explanation:
Opportunity costs refers to the costs or benefits that are foregone to select some other alternative.
Vietnam can produce 180,000 pounds of shrimp or 60,000 pounds of rice in a year:
Opportunity cost of producing one pound of rice = 180,000 ÷ 60,000
= 3 pounds of shrimp
Ecuador can produce 130,000 pounds of shrimp or 26,000 pounds of rice in a year:
Opportunity cost of producing one pound of rice = 130,000 ÷ 26,000
= 5 pounds of shrimp
Therefore,
According to the principle of comparative advantage, the Vietnam has a comparative advantage in producing rice because it has a opportunity cost of producing rice than Ecuador.
Answer:
Accounts payable would be 20.42% of the balance sheet , when preparing a vertical analysis.
Explanation:
In the question it is told that Ginger bread is doing a vertical analysis, where when we have to calculate the percentage of certain item of the balance sheet , we will use formula -
( Balance sheet item / Total liability ) x 100
Given information - Accounts payable = $245,000
Total liabilities = $1200,000
Putting these values in formula -
= $245,000 / $1200,000 X 100
= .20416 X 100
= 20.416
= 20.42% ( APPROXIMATELY )
