Answer:
D
Explanation:
A credit Union is owned by its customers.
Answer:
D
Explanation:
A credit union is owned by its customers.
In 2019, longtime partner ________ was so unhappy with its Amazon relationship that it dropped the firm for both air and ground deliveries.
Answer:
"FedEx" would be the correct answer.
Explanation:
Lengthy-time supplier FedEx had been so disappointed with some of its Amazon partnership throughout 2019 that something that dumped the business with both aerial refueling as well as surface deliveries. Investment opportunities by Amazon in its distribution program irritated FedEx as well as leading to the split of the businesses.What is the difference between a departmental accounting system and a responsibility accounting system? Are the reports of departmental net income and the departmental contribution to overhead useful in assessing a department manager's performance? Explain
Answer:
Part 1
Department Accounting system seeks to establish the Departmental Economic Performance whilst the Responsibility Accounting System seeks to establish the Performance of Personnel Responsible for a particular department.
Part 2
No, reports of departmental net income and the departmental contribution to overhead are not useful in assessing a department manager's performance.
Because, they take into account those incomes and costs attributable to the particular department including central costs. This means it ignores whether or not the costs were wholly controllable by the manager.
Explanation:
Department Accounting system seeks to establish the Departmental Economic Performance whilst the Responsibility Accounting System seeks to establish the Performance of Personnel Responsible for a particular department.
The reports of departmental net income and the departmental contribution to overhead are not useful in assessing a department manager's performance this is because they take into account those incomes and costs attributable to the particular department including central costs. This means it ignores whether or not the costs were wholly controllable by the manager.
In assessing a department manager's performance, we look into incomes and expenses that were sorely within their control other than those items that are just attributable to the department they are responsible for.
1. What have been the percentage change in the value of Bitcoin (Links to an external site.) expressed in U.S. dollars over the last 30 days? Describe the one-year change and five-year change in the value of Bitcoin? Do you detect a trend?2. Is Bitcoin (Links to an external site.) money? Does Bitcoin fulfill the functions of money that are explained in Chapter 14 (Links to an external site.)? Discusswhy or why not? If you conclude that Bitcoin is not money what is it? Explain.3. Have you/would you invest in Bitcoin or another cryptocurrency? Why or why not?
Answer and Explanation:
1. Percentage change in the value of bitcoin for the last 30 days in US dollars = 18370-12885.75= 5484.25/12885.75*100= 42.75%
2. Bitcoin is currently used as money and considered legal for such purposes in countries like US, Canada, Japan, UK. It is generally not accepted and considered legal tender proper yet
3.
Adler, Milton, and Bryant have capital balances of $20,000, $30,000, and $50,000, respectively. The partners share profits and losses as follows:a. The first $30,000 is divided based on the partners' captal balances.b. The next $30,000 is based on service, shared equallyby Adler and Bryant. Milton does not receive a salary allowance.c. The remainder is divided equally.Requirements1. Compute each partner's share of the $72,000 net incme for the year.2. Journalize the closing entry to allocate net income for the year. Adler Milton Bryant TotalNet income (loss) $72,000Capital allocation:Adler $6,000Milton $9,000Bryant $15,000Salary allowance:Adler 15,000Milton 0Bryant 15,000Total salary and capital allocation 21,000 9,000 30,000 (60,000)Net income (loss) remaining for allocation 12,000Remainder shared equally:Adler 4,000Milton 4,000Bryant 4,000Total allocation (12,000)Net income (loss) remaining for allocation 0Net income (loss) allocated to the partners $25,000 $13,000 $34,000Requirement 2. Journalize the closing entry to allocate net income for the year. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)Date Accounts and Explanation Debit CreditIncome Summary 72,000Adler, Capital 25,000Milton, Capital 13,000Bryant, Capital 34,000To close Income Summary account to partners' capital.
Answer:
Adler, Milton, and Bryant
1. Computation of each partner's share of the $72,000 net income for the year:
Adler Milton Bryant Total
First $30,000:
Capital allocation 6,000 9,000 15,000 30,000
Second $30,000:
Salary allowance 15,000 0 15,000 30,000
Remainder $12,000:
Shared equally 4,000 4,000 4,000 12,000
Total $25,000 $13,000 $34,000 $72,000
2. Closing Journal Entry to allocate the net income for the year:
Date Accounts and Explanation Debit Credit
Dec. 31 Income Summary $72,000
Adler, Capital $25,000
Milton, Capital 13,000
Bryant, Capital 34,000
To close Income Summary account to partners' capital.
Explanation:
a) Data and Calculations:
Net Income = $72,000
Sharing formula:
First $30,000 is divided based on the partners' capital balances.
Next $30,000 is based on service, shared equally by Adler and Bryant.
Remainder is divided equally.
Adler Milton Bryant Total
Capital balances $20,000 $30,000 $50,000 $100,000
Ratio of capital 2 : 3 : 5 10
First $30,000:
Capital allocation 6,000 9,000 15,000 30,000
Second $30,000:
Salary allowance 15,000 0 15,000 30,000
Remainder $12,000:
Shared equally 4,000 4,000 4,000 12,000
Total $25,000 $13,000 $34,000 $72,000
If a consumer places a value of $20 on a particular good and if the price of the good is $25, then the:___________. a. consumer has consumer surplus of $5 if he buys the good. b. consumer does not purchase the good. c. price of the good will rise due to market forces. d. market is out of equilibrium.
Answer: b. consumer does not purchase the good.
Explanation:
The price a Consumer buys a good is dependent on the amount they value the good. A good that is selling at a price higher than the value ascribed to it by the consumer will not be purchased because it is higher than the amount that the consumer wants to spend.
When the value to the consumer is higher than the price of the good, the consumer stands to make a surplus when they buy the good.
Troy's financial records for the year reflect the following:Interest income from bank savings account $ 900Taxable annuity receipts 1,800Safe deposit box rental (to hold annuity documents) 125Investment interest expense 3,200Calculate Troy's net investment income and his current investment interest deduction.Assume that Troy does not itemize his personal deductions. How is any potential excess investment interest deduction treated?
Answer and Explanation:
The computation of the investment income, the deduction of interest on investment, and the treatment of the deduction of interest on investment is given below:
Investment income is
= $900 + $1,800
= $2,700
And,
Investment expenses = $125
So,
Net investment income is
= $2700 - $125
= $2,575
And,
Investment interest paid = $3,200
The allowed deduction would be lower of interest on investment and the net investment income
So, the allowable deduction would be $2,575
Now the remaining amount i.e. disallowed is
= $3,200 - $2,55
= $625
This amount would be carried forward to the future years
A firm has an issue of preferred stock outstanding that has a stated annual dividend of $4. The required return on the preferred stock has been estimated to be 16%. The value of the preferred stock is ________. A. $64.B. $16.C. $25.D. $50.
Answer:
$64
Explanation:
A firm has an annual dividend of $4
The required return is 16%
Therefore the value of the preferred stock can be calculated as follows
= 16/100 × 4
= 0.16 × 4
= 0.64 ×100
= $64
Hence the value of the preferred stock is $64
Quey Inc., a construction company receives more than $2,000 in federal money. The company pays its employees at rates at least equal to the prevailing wages in the area. The calculation of prevailing rates by the company is based on 30 percent of the local labor force. In this case, which law does the company comply with? a) the Julie Jargon Act of 1940 and the Eric Morath Act of 1945 b) the Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936 c) the Smith-Connally Act of 1943 d) the Humphrey Hawkins Full Employment Act e) the Lloyd-La Follette Act of 1912
Answer:
b) the Davis-Bacon Act of 1931 and the Walsh-Healy Public Contracts Act of 1936
Explanation:
The Walsh Healey Public Contracts Act was enacted in order to set safety and health standards, working hours and the minimum wages that government contractors must comply with.
The Davis Bacon Act states that government contractors must pay their employees a salary which is equivalent to prevailing local wages.
Question 5 of 10
What is the formula for determining productivity?
A. Output/Input
B. Capital x Input
C. Input/Output
D. Output/Labor
D
Answer:
A. Output/Input
Explanation:
You bought a stock six months ago for $74.82 per share. The stock paid no dividends. The current share price is $77.59. What is the APR and EAR of your investment? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer and Explanation:
The computation is shown below;
Percentage returns is
= (End value - Beginning value) ÷ Beginning value
= ($77.59 - $74.82) ÷ $74.82
= 3.70%
Now
APR is
= 3.70 × 2
= 7.40%
As the given months is six but we have to compute for 12 months that why we multiplied it by 2
And,
EAR = (1 + APR ÷ m)^m - 1
where
m = compounding periods
So,
= (1 + 0.074 ÷ 2)^2 - 1
=7.54%
Equipment is a(n)_________ (asset/liability/expense) account. It is reported on the___________ (left/right) side of the accounting equation and is__________ (increased/decreased) when equipment is purchased.
Answer: Asset: Left; Increased
Explanation:
Equipment is an asset account. It is reported on the left side of the accounting equation and is increased when equipment is purchased.
Equipment is a fixed asset because it lasts more than a year in the service of a company. As an asset, it will be reported on the left side of the accounting equation which means that when it increases it is to be debited.
It increases when more equipment is acquired.
1 Explain how researchers identify research problems.
Answer:
You can identify a research problem by reading recent research, theory and debates on your topic to find a gap in what is currently known about it. You might look for: A phenomenon or context that has not been closely studied. A contradiction between two or more perspectives.
- I hope this helps have a great day!
Palms, Inc. wants to sell enough palm trees to earn a profit of $20,000. If the unit sales price is $40, unit variable cost is $22, and total fixed costs are $120,400, how many trees must be sold to earn a profit of $20,000?a. 6,689.
b. 312,000.
c. 7,800.
d. 8,911.
Answer:
c. 7,800
Explanation:
Contribution margin per tree = Unit selling price - Unit variable cost = $40 - $22 = $18
Sales(trees) required = (Fixed costs+Operating income) / Contribution margin per tree = ($120,000+$20,000) / $18 = $140,000 / $18 = 7,800 trees
Answer: Number of tress to be sold = 7,800-C
Explanation:
Contribution margin = Selling expense - Variable cost
= $40- $22
= $18
Contribution Margin Ratio= Contribution Margin/ sales expense x 100
=18/ 40 x 100
= 45%
To earn a target profit of $20,000
A) Sales to attain the target profit = [(Fixed expenses + Target profit) ÷ Contribution Margin ratio]
= ($120,400+ $20,000) / 0.45
$140,400/0.45
= $312,000
No. of tress to be sold =Sales to attain the target profit/ selling price
$312,000/$40
=$7,800
mehak Shergill????????
Answer:
wowowowowowowowowowowowoowowowo
Explanation:
Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $27 per pound. During July, Exeter paid $141,000 for 4,970 pounds, which it used to produce 4,760 units. What is the direct materials quantity variance?a) $10,320 favorable
b) $27,780 unfavorable
c) $11,220 unfavorable
d) $17,460 unfavorable
Answer:
the direct material quantity variance is $5,670 unfavorable
Explanation:
The computation of the direct material quantity variance is shown below:
= (Standard quantity - actual quantity) × standard price
= (4,760 units × 1 pound per unit - 4,970 pounds) × $27 per pound
= (4,760 pounds - 4,970 pounds) × $27 per pound
= $5,670 unfavorable
This is the answer but the same is not provided in the given options
Hence, the direct material quantity variance is $5,670 unfavorable
It is unfavorable because the actual pounds is more than the standard one
Which one of the following is not one of the four most common ways people can save money in banks?
money market accounts
fractional reserves
checking accounts
certificates of deposit
Answer:
Fractional Reserves
Explanation:
Banks are required to hold money to lend out. If you deposit $100 into your account that is $100 for the bank to lend that money out to ones who need it.
Fractional reserves are not one of the four most common ways people can save money in banks. Fractional reserves are a banking system in which only a fraction of bank deposits are backed by actual cash on hand and are available for withdrawal. The correct option is B.
How are fractional reserves used?With fractional-reserve banking, the bank is only obligated to keep a portion of customer deposits on hand, freeing it up to lend the remainder of the money. While having enough cash on hand to cover withdrawal demands, this strategy is intended to continuously stimulate the amount of money available in the economy.
Fractional reserves are not one of the four most common ways people can save money in banks because it is not a savings option for consumers. Fractional reserve banking is a system used by banks to create money and lend out a portion of their deposits while keeping a fraction of the deposits in reserve.
This process is not related to individual savings and is a function of the banking system. The four most common ways people can save money in banks are checking accounts, savings accounts, money market accounts, and certificates of deposit.
Thus, the ideal selection is option B.
Learn more about fractional reserves here:
https://brainly.com/question/23943222
#SPJ7
Real income is:___________ a) Nominal income adjusted for inflation. b) The amount of money income received in a given time period, measured in current dollars. c) The use of nominal dollars to gauge changes in income. d) None of the other choices.
Answer:
A. Nominal income adjusted for inflation.
Explanation:
Real income is simply the amount usually in monetary terms a person, enterprise or others makes after accounting for inflation. It is also called real wage that is an individual's income.
Real income are also defined as Income that is adjusted to inflation.
Nominal income are defined as income not adjusted to inflation.
What type of account is Discount on Bonds Payable and what is its normal balance? A. Reversing account; Debit B. Contra liability; Debit C. Contra liability; Credit D. Adjusting account; Credit
Answer:
B. Contra liability; Debit
Explanation:
Discount on the bond is contra liability account and it has debit balance because liabilities normally have a credit balance, so the contra account of liabilities must have a debit balance.
Discount on Asset is reported under the bond payable value. The net payable on the bond is calculated by deducting the discount on bond value from the bond payable value ( usually face value of the bond. )
Suppose you take a fixed-rate mortgage of $150,000 at 3.21% per annum for 30 years. How much of the payment is interest in 72 month?a. $349.40 b. $640.53 c. $875.56 d. $65,432 e. none of the above
Answer:
$349.40
Explanation:
The interest in 72 month is only obtained when an amortization table for this mortgage is constructed.
So we first need to find the annual instalment as follows :
PV = $150,000
i = 3.21%
N = 30
P/YR = 1
FV = $ 0
PMT = ?
Using a financial calculator to input the values as above, the annual instalment is $7,862.08.
In 72 months, this will be 6 years. So in the 6th year, the interest will be $4,293.52. Monthly interest will approximate $349.40 ($4,293.52 ÷ 12).
A loan of $100,000 is taken out which requires an annual interest payment of 6% of the borrowed amount of money (in market dollars). No principal payments are made, only interest is paid. Inflation is 3.1% per year. what will be the value of interest payment at the end of fifth year in real dollars?A. $5,930 B. $6,000 C. $5,150. D. $6.989
Answer:
C. $5,150
Explanation:
Calculation for what will be the value of interest payment at the end of fifth year in real dollars
First step is to calculate the Interest amount per year
Interest amount per year = 100,000*6%
Interest amount per year = $6,000
Now let calculate the value of interest payment at the end of fifth year in real dollars
Value of interest payment in 5th year in real dollars = 6,000/(1+3.1%)^5
Value of interest payment in 5th year in real dollars= 6,000/1.164913
Value of interest payment in 5th year in real dollars= $5,150
Therefore the Value of interest payment in 5th year in real dollars will be $5,150
When the order acceptance occurs during the early portions of the production lead time, how would you describe the current manufacturing environment? a. Make to stock (MTS) b. Assemble to order (ATO) c. Make to order (MTO) d. Assemble to stock (ATS)
Answer:
The current manufacturing environment would be described as:
c. Make to Order (MTO).
Explanation:
The 'make to order' strategy means that the company accepts orders during the production lead time and produces products based on the customer's specifications. The goods will not be stocked after production, instead they will be shipped to the customer who requested for them immediately after production. It is unlike 'make to stock' production strategy, where orders result from production planning based on sales estimates.
David leads his firm's marketing team. He is responsible for forecasting the business's sales. David's team prepared a questionnaire based on the market data that it has collected. David decided to send coples of these questionnaires to his company's Junior-level and senlor-level employees across varlous business functions, as well as to some renowned Industry experts. David plans to forecast his company's sales based on the opinions that he sees in this survey. Which method of sales forecasting does David plan to use?
A. moving averages method
B. jury of executive opinion method
C. buyer intentions method
D. Delphi method
Answer:
C
Explanation:
Priya has held several different positions within the same company. She has been an Assistant to the Marketing Manager, a Sales Representative, and a Budget Analyst. Priya is being considered for a promotion at her place of employment. Based on her prior experience, which would be the most likely position for Priya to be promoted to?
Chief Executive Officer
Marketing Manager
Training Specialist
Credit Analyst
FIRST ANSWER GETS BRAINLIEST
Answer:
Marketing Manager
Explanation:
The demand for automobiles falls when the economy experiences a recession. If an automobile manufacturer lays off workers during a recession, this would be an example of:________. a. cyclical unemployment. b. natural unemployment. c. structural unemployment. d. frictional unemployment.
Answer:
a. cyclical unemployment.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Cyclical unemployment rate (CU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Natural Rate of Unemployment (NU).
In this scenario, the demand for automobiles falls when the economy experiences a recession. Thus, if an automobile manufacturer lays off workers during a recession, this would be an example of a cyclical unemployment.
A cyclical unemployment can be defined as a type of unemployment which is typically related to changes in the business, economy or industry cycle such as recession, governmental policies etc.
Mathematically, cyclical unemployment rate can be calculated using the formula;
[tex]Cyclical \; unemployment \; rate (CU) = Actual \; unemployment \; rate (AU) – Natural \; unemployment \; rate (NU)[/tex]
In computing the cost of common equity, if the dividend (D1) goes downward and market price (P0) goes up, required rate of return (Ke) will:_____.a. go up.
b. go down.
c. stay the same.
d. slowly increase.
Answer:
b. go down.
Explanation:
The Formula for Required rate of return Ke = Dividend (D1) / Price. So, increase in price which is denominator will leads to decrease in the required rate of return. Hence, In computing the cost of common equity, if the dividend (D1) goes downward and market price (P0) goes up, required rate of return (Ke) will Go down
A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $80 and is selling at face value. What will be the rate of return on the bond if its yield to maturity at the end of the year is: (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Rate of Return a. | 6% b. | 8% c. | 10%
Solution:
Annual coupon payment of the bond is $80
At the beginning of the year, remaining maturity period is 2 years.
Price of the bond is equal to face value, i.e. the initial price of the bond is $1000.
New price of the bond = present value of the final coupon payment + present value of the maturity amount.
New price of the bond = [tex]$\frac{80}{1+r} +\frac{1000}{1+r}$[/tex]
where, r is the yield to maturity at the end of the year.
Substitute 0.06 for r in the above equation,
Therefore new price of the bond is = [tex]$\frac{80}{1+0.06} +\frac{1000}{1+0.06}$[/tex]
= [tex]$\frac{1080}{1.06}$[/tex]
= $ 1010.87
Calculating the rate of return of the bond as
[tex]$\text{rate of return}=\frac{\text{coupon+new price-old price}}{\text{initial price}}$[/tex]
[tex]$=\frac{80+1018.87-1000}{1000}$[/tex]
= 0.09887
Therefore, the rate of return on the bond is 9.887%
≈ 10 %
On May 1, 2025, Hecala Mining entered into an agreement with the state of New Mexico to obtain the rights to operate a mineral mine in New Mexico for $10.1 million. Additional costs and purchases included the following: Development costs in preparing the mine $2,500,000Mining equipment 143,400Construction of various structures on site 36,500After the minerals are removed from the mine, the equipment will be sold for an estimated residual value of $12,000. The structures will be torn down. Geologists estimate that 730,000 tons of ore can be extracted from the mine. After the ore is removed the land will revert back to the state of New Mexico. The contract with the state requires Hecala to restore the land to its original condition after mining operations are completed in approximately four years. Management has provided the following possible outflows for the restoration costs:Cash Outflow Probability$530,000 40%630,000 30%730,000 30%Hecalaâs credit-adjusted risk-free interest rate is 7%. During 2021, Hecala extracted 113,000 tons of ore from the mine. The companyâs fiscal year ends on December 31.Required:a. Determine the amount at which Hecala will record the mine.b. Calculate the depletion of the mine and the depreciation of the mining facilities and equipment for 2021, assuming that Hecala uses the units-of-production method for both depreciation and depletion.c. How much accretion expense will the company record in its income statement for the 2021 fiscal year?d. Are depletion of the mine and depreciation of the mining facilities and equipment reported as separate expenses in the income statement?e. During 2022, Hecala changed its estimate of the total amount of ore originally in the mine from 730,000 to 930,000 tons. Calculate the depletion of the mine and depreciation of the mining facilities and equipment for 2022 assuming Hecala extracted 143,000 tons of ore in 2022.
Answer:
Hecala Mining
a) Hecala will record the mine at a cost of $12600,000
b1) Depletion of Mine for 2021:
= 113,000 * $17.26
= $1,950,380
b2) Depreciation of mining facilities and equipment for 2021:
= 113,000 * $0.23
= $25,990
c) Accretion expense:
= $155,000 * 0.763
= $118,265
d) Yes. The depletion of the mine and the depreciation of the mining facilities and equipment are reported as separate expenses in the income statement.
e1) Depletion of mine in 2022:
= $13.04 * 143,000
= $1,864,720
e2) Depreciation of facilities and equipment:
= $0.17 * 143,000
= $24,310
Explanation:
a) Data and Calculations:
Cost of Mining rights = $10,100,000
Development costs = 2,500,000
Cost of mines = $12,600,000
Construction of facilities = $36,500
Mining equipment = $143,500
Salvage value 12,000
Depreciable value of equipment 131,500
Cost of facilities & equipment $168,000
Geologists production estimate = 730,000 tons
Period of mining = 4 years
b) Cost of Mine Restoration:
Cash Outflow Probability Expected cost
$530,000 40% $212,000
630,000 30% 189,000
730,000 30% 219,000
Costs of Mine Restoration $620,000
Interest rate = 7%
Annual cost of mine restoration = $155,000 ($620,000/4)
c) Depletion of mine based on original output estimate:
= $12,600,000/730,000
= $17.26 per ton
Revised Depletion of mine:
Depleted cost of mine = $12,600,000 - $1,950,380 = $10,649,620
Depleted tons balance = 930,000 - 113,000 = 817,000 tons
Depletion per ton = $10,649,620/817,000 = $13.04 per ton
d) Depreciation rate of facilities and equipment:
= $168,000/730,000
= $0.23 per ton
Revised Depreciation rate:
Cost of facilities and equipment = $142,010 ($168,000 - $25,990)
Rate = $142,010/817,000
= $0.17 per ton
Select the correct answer.
Which action can help you become an effective learner?
OA enrolling in a graduate program
O B. limiting your learning to what you need for your career
OC. maintaining a positive attitude toward learning
OD. only exploring topics that interest you
Answer:
c
Explanation:
maintaining a positive attitude toward learning
Maintaining a positive attitude toward learning action can help you become an effective learner. Thus, option (c) is correct.
What is learning?The process of gaining new understanding, information, actions, abilities, values, perspectives, and preferences is known as learning. Humans, creatures, and some robots all have the potential to learn, and there is evidence that certain plants can learn as well. The process of acquiring new skills, information, knowledge, and values is known as education.
As an individual learns, a good attitude allows you to relax, remember, focus, and absorb information. When setbacks or obstacles occur, they will motivate those closest to them to do their all and help to drive projects forward. The best method to learn is to maintain a good attitude toward learning.
Therefore, option (c) is correct.
Learn more about on learning, here:
https://brainly.com/question/1503472
#SPJ2
A corporate bond that pays interest rates annualy yields a rate of return of 9.50%. the inflation rate for the same period is 3%. What is the real rate of return on this bond?a. 1.06%.
b. 12.50%.
c. 3.00%.
d. 6.31%.
e. 3.17%.
Answer:
d. 6.31%
Explanation:
The relationship between the nominal interest rate(9.50%),inflation rate( 3%) and the real rate of return is shown by the formula below:
(1+nominal rate of return)=(1+inflation rate)*(1+real rate of return)
nominal rate of return=9.50%
inflation rate=3%
real rate of return is the unknown
(1+9.50%)=(1+3%)*(1+real rate of return)
1.095=1.03*(1+real rate of return)
1.095/1.03=1+real rate of return
real rate of return=(1.095/1.03)-1
real rate of return=6.31%
How Much more did the average household spend on appliances, electronics, and furniture when it recieved the 2008 tax rebate?
Answer:
The households spent an average of $91 on durable goods like furniture, appliances, and electronics when they received a tax rebate in 2008.
Explanation:
In 2008, The U.S Federal government made an economic stimulus payment or tax rebate to American households of 90 billion dollars. This made a huge impact on the consumer market as the households spent more of the received payment on goods and services they both wanted and needed.
