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nikklg [1K]
1 year ago
13

If the total for this month's credit purchases is $550 at 24% annual interest, what is the total balance for the month after one

month of interest accrues?
Business
2 answers:
Westkost [7]1 year ago
8 0

Answer:

560

Explanation:

Thats your answer.

lord [1]1 year ago
6 0

Answer:

561

Explanation:

Answer on knowledge matters

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Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can
Svetradugi [14.3K]

Answer:

a. 30 units of corn and 30 units of wheat.

Explanation:

In a two-product, two-country world, international trade leads to specialization. Each country will produce the product in which it has comparative advantage. In this case, Freedonia will produce only corn and Sylvania will produce only wheat. With all constant, the country will consume the same amount of that product, but the surplus will exchange it for the other product. Freedonia will use all its workers to produce corn, in a year they will produce 6*10= 60 units of corn. Sylvania will use the 10 workers to produce wheat, in a year they will produce 6*10=60 units of wheat.

But, Freedonia will consume the same amount of corn (30 units). Then, Freedonia have 30 available units to trade with Sylvania. And the same for Sylvania, they will consume the same amount of wheat (30 units) and so Sylvania will have 30 available units of wheat to trade with Freedonia.

If the price, for both goods, is the same, Ricardo´s theory predicts that total consumption in both countries will increase, then consumer welfare will increase. Freedonia will consume the same 30 units of corn, but the other 30 will be exchanged by 30 units of wheat. Consumers are better and happier. Freedonia will consume 20 units more of wheat than before without sacrifying units of corn.

3 0
2 years ago
A U.S. firm holds an asset in Great Britain and faces the following scenario:
Lady_Fox [76]

Answer:

C) Sell £2,278.13 forward at the 1-year forward rate, F1($/£), that prevails at time zero.

Explanation:

given data

                     State 1           State 2               State 3

Probability      25%            50%                      25%

Spot rate      $ 2.50 /£    $ 2.00 /£            $ 1.60 /£

P*                   £ 1,800       £ 2,250             £ 2,812.50

P                     $4,500          $4,500               $4,500

solution

company holds portfolio in pound. so to get hedge, they will sell that of the same amount.

we get here average value of the portfolio that is

The average value of the portfolio = £ (0.25*1800 + 0.5*2250 + 0.25*2812.5)

The average value of the portfolio = 2278.13

so correct option is C) Sell £2,278.13 forward at the 1-year forward rate, F1($/£), that prevails at time zero.

3 0
2 years ago
A substitute is standing at the halfway line waiting to enter the match at the next stoppage of play. the ball has gone over the
lilavasa [31]

Yes, those who are not currently active in the game, even a substitute must wait until they are cleared to enter the game to take the throw-in. There are only a certain amount of players allowed to be on the court at any given time and therefor they must make sure the person they are substituting for has left.

6 0
2 years ago
Tom is a loan officer that persuades Jerry to sign up for an exotic mortgage that turns out to be very expensive for him and pro
IgorLugansk [536]

Answer: is legal but ethically questionable

Explanation:

Th information given in the question is an example of an action that is legal but ethically questionable.

This is because exotic mortgage will be profitable for the mortgage firm and the loan officer will benefit from these but on the other hand, Jerry did not make the best financial decision as he may feel the impact of the decision in a negative way. Even though what Tom did is legal, ethically, it is wrong.

5 0
2 years ago
Rockwell Collins is a manufacturer of avionics and communications systems for corporate aircraft. In response to a general slowd
Fed [463]

Answer:

Option A                            

Explanation:

In simple words, Firmographics refers to the descriptive characteristics of businesses which can be utilized to classify different companies into relevant sections of the market. We identify companies, pseudo-profits, and government bodies. Basically, firmographics are something that surveys are for individuals to companies and organisations.

Firmographic factors enable companies to deem in specifics the characteristics of organisational behaviour, for example in a specific industry. It is beneficial where their is no substantial difference among operational variables, buying strategy, contextual factors and consumer personal attributes.

6 0
2 years ago
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