In the following question, If the law of demand applies to this good, then Q1 could be 200.
What is Price Quantity Demand?In economics, the term "price quantity demand" refers to the link between the cost of a commodity or service and the amount that customers are willing and able to spend on it. According to the rule of demand, demand for an item or service will often drop when its price rises and vice versa. A downward-sloping demand curve is a common visual representation of this connection, which shows that more units will be sold at lower prices and fewer units will be sold at higher prices. A key idea in microeconomics is pricing quantity demand because it explains how price changes impact consumer behavior and market dynamics.
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5. there is a well-known, and commonly used tool to explain the competition in an industry or a market segment. what is this tool called?
Porter's Five Forces is a frequently used guideline for evaluating the competitive forces that influence a variety of business sectors. It was also created by Harvard Business School professor Michael E. Porter in 1979 and has since become an important tool for managers.
a country with an absolute advantage can produce a good or service more slowly than another country. more efficiently than another country. less efficiently than another country.
The answer is more efficiently than another country. When a country have an absolute advantage, its means its can produce a good or service more efficiently than another country.
The term "absolute advantage" means what?Absolute advantage is the capacity of an individual, business, area, or nation to produce more of an item or service per unit of time using the same amount of inputs than its rivals, or to produce the same amount of a commodity or service per unit of time using less inputs.
What causes absolute advantage?Low-cost production enables the achievement of an absolute advantage. In other words, it refers to a person, business, or nation that has cheaper production costs. A product has such an advantage when (in comparison to rivals): Less materials are utilized to create it.
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tableau3 ( (possibility airplanes (number) cruise ships(number))(abcd 10080500 0204060) ) the table above gives four production possibilities for airplanes and cruise ships. in possibility a, how many resources are devoted to the production of airplanes? group of answer choices most few 0 all it is impossible to tell without more information about the prices of airplanes and cruise ships.
The correct option for the statement " how many resources are devoted to the production of airplanes" is option 'D' above all.
The production possibilities table shows different possibilities of production of two goods. The above table shows different possibilities of production of airplanes & cruise ships.
According to the table, in possibility A, all resources are devoted to the production of airplanes. It shows that 100 airplanes can be produced without any production of cruise ships.
In economics, the maximum output of two items with a certain quantity of input is measured by a production possibilities curve. Any combination of the four production factors—natural resources (including land), labour, capital goods, and entrepreneurship—represents the input.
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economic profits are: multiple choice total revenue minus total cost. total cost minus total revenue. marginal revenue minus total cost. total revenue minus marginal cost.
Economic profits are defined as total revenue minus total cost.
Revenue is the total amount of money earned by a company from its sales. Profit is the share of money that remains after deducting the company's operational costs, debts, taxes, and any other expenses incurred in the pursuit of revenue.
Hence, we can calculate profit as:
Profit = revenues - total cost
Profitability may be increased in four major areas. These include cost reduction, increased turnover, increased productivity, and increased efficiency.
We can also enter new market segments or create new products or services.
Close cost management can drive your profitability. Most organizations may find ways to reduce waste; nevertheless, it is critical not to save costs at the price of the quality of your products and services.
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what are ways that a taxpayer can get help from the irs?
The toll-free customer service number for taxpayers is 1-800-829-1040 for individual tax queries and 1-800-829-4933 for business-related tax questions. Call 1-800-829-4059 for TTY/TDD users to order forms and publications or to ask inquiries about taxes.
How does the IRS address issues?You can either submit Form 911, Request for Taxpayer Advocate Service Assistance (And Application for Taxpayer Assistance Order), on your own or have an IRS agent do it for you. Visit Taxpayer Advocate Service for further details.
Does the IRS offer tax assistance?The Internal Revenue Service provides free tax assistance in person, over the phone, online, and by computer. The IRS provides forms and materials to taxpayers and responds to a wide range of tax-related inquiries. Additionally, the IRS can assist people in locating free tax preparation services.
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What is not a career cluster
Answer: A pathway?
Explanation: Pathways aren't career clusters because they branch off of career clusters. Examples of pathways include but aren't limited to interior designers, chefs, photographers, etc. Career clusters include Finance, Health Science, etc, and have many possible career options.
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public corporations require independent audits due to requirements established by the question 8 options: federal reserve (fed). financial accounting standards board (fasb). occupational safety and health administration (osha). securities and exchange commission (sec). small business administration (sba).
The Securities and Exchange Commission's regulations for public companies mandate independent audits (SEC).
What specifications apply to financial statements?Fair presentation, going concern, accrual basis, materiality and aggregation, and no offsetting are fundamental characteristics that financial statements must include. Financial statements must be consistent, prepared at least annually, and include comparable data from the prior period.
Which 5 sorts of financial statements are there?The 5 different financial statement kinds you should be aware of
income declaration. Possibly the most significant are the cash flow statement, balance sheet, and the notes to the financial statements.
Statement of equity change.
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Every society faces trade-offs because we live in a world of scarcity. Suppose a student-athlete has the opportunity to earn $1,000,000 next year playing for a minor league baseball team, $500,000 next year playing for a European professional football team, or $0 returning to college for another year. The opportunity cost of the student-athlete returning to college next year is $ . (Enter your response as an integer.)
When there is a paucity, people demand more than what is available. Scarcity put restrictions on us both as individuals and as a society.
Is the study of decisions people make to reach their objectives in light of their limited resources?
Economics is the study of the decisions that customers, company owners, and public servants make in order to achieve their goals in the face of resource scarcity. Because of scarcity, which means that while our demands are limitless but there are few resources available to satisfy them, we are forced to make decisions.
Which of the following statements best sums up scarcity?
The right response is b. When compared to the demand for them, resources are few. The disparity between people's limitless demands and the available resources is known as scarcity, and it is viewed as an economic challenge.
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in case of conflict of ownership between employee and employer over a trade secret, the employer is normally held to be the owner when:
The answer is option a. the employee agreed to divulge or use trade secrets, in case of conflict of ownership between employee and employer over a trade secret, the employer is normally held to be the owner when employee agreed to divulge or use trade secrets.
Trade: What Is It?The voluntary exchange of products or services known as trade takes place between various economic entities. A transaction will only take place if both parties believe it will be in their best interests because the parties are not obligated to trade.
Describe a trade example.Due to the comparative advantage in the production of items that can be traded, trade exists between geographical areas. People who live in colder parts of the world, for instance, can purchase bananas that are grown in the tropics.
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the purchase of equipment with cash would be recorded as multiple choice debit equipment expense; credit cash. debit cash; credit equipment expense. debit equipment; credit cash. debit cash; credit equipment.
Cash is credited for, Equipment is debited for and Notes Payable is credited for.
The purchase of equipment is not accounted for as an expense in one year; rather the expense is spread out over the life of the equipment. This is called depreciation. From an accounting standpoint, equipment is considered capital assets or fixed assets, which are used by the business to make a profit.
Now, Let's assume the business purchases equipment by paying $5000 in cash and then issued a note payable of $15000.
Then, the journal entry will be:
Debit Equipment $20000
Credit Cash ($20000 - $15000)=$5000
Credit Note payable $15000
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if the manufacturing process is currently full of work-in-process inventory, how long would it take to complete 50 batches of biscuits?
Cycle time is the amount of time needed to finish X units in a complete system. It takes 50 / 3.33 = 15 hours to finish 50 batches because the cycle time is 1 / 3.33 hours.
How long does it typically take a unit to move through the system?Throughput time is the average amount of time it takes for a unit to travel through the system, run time is the amount of time needed to generate a batch of components, and operation time is the sum of setup time and run time.
How is system process time calculated?The conversion of cycle times into another unit of measurement is a common task.
Parts per Minute = Minutes per Part / 1.
Minute Parts = (1 / Seconds per Part) * 60.
The number of parts every minute is (1 / Hours per Part) / 60.
How do you determine the production time?Net production time is equal to cycle time (per product)
Cycle time is the result of the product's productive and nonproductive hours.
Process time plus Inspection time plus Movement time plus Queue time (for each product) equals Cycle time.
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jackson motors, an automobile manufacturing company, was founded in 1914. the company primarily focused on creating greater efficiencies by refining its processes and creating specialized jobs. this allowed the company to increase its output and lower the prices of its products. as a result, automobiles became an affordable commodity. in the context of the history of american business, jackson motors was most likely founded during the .
The Jackson automobile company is a company that was established during the production era.
Mr.Carter went into business selling bicycles with his father. He started building his first gasoline car in 1899 but concentrated on steam vehicles. By 1901, Kalamazoo's Michigan Automobile Company was producing his steam car. After creating and patenting a three-cylinder, six-horsepower steam engine, Carter went back to Jackson a year later. In 1903, Carter founded the Jackson Automobile Company in collaboration with buggy manufacturer George A. Matthews and Lewis Spring Axle Company president Charles Lewis.
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When a public plan is
approved for road
construction to begin in front.
of a neighborhood church,
who does it impact the most?
The neighborhood church and its members are likely to be impacted the most by the public plan for road construction.
What is construction?Construction is the process of building structures or infrastructure, usually involving the use of materials, labor, and tools. Construction generally involves the assembly of components into a new or existing structure, or the alteration, repair, or improvement of an existing structure. Construction projects can range in size and complexity, from small residential renovations to large-scale commercial or industrial projects such as bridges, dams, tunnels, and roads.
This is because the road construction could bring more noise, dust and disruption to the area, and the church may need to adjust its activities around the construction. Furthermore, the church may need to make changes to its building and surrounding property to accommodate the new road. Additionally, the road construction may cause disruptions to the church's parking lot and access to the facility, as well as any other nearby businesses or residential areas.
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a(n) blank is a statement of principles to guide an organization as it works to achieve its vision and fulfill its mission. multiple choice question.
A A. Core Values Statement is a statement of principles to guide an organization as it works to achieve its vision and fulfill its mission.
What is a core values statement ?A Core Values Statement is a statement that outlines the fundamental beliefs and principles that guide an organization in its decision-making, behaviors, and actions.
.
It provides a clear and concise definition of the values that are considered to be most important to the organization, and serves as a guide for how the organization should behave and make decisions in order to achieve its vision and fulfill its mission.
Core values statements typically reflect the organization's cultural identity and provide a framework for how the organization will operate in terms of ethics, integrity, responsibility, and accountability.
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Options for this question are:
Core values statement Mission statement Visiondogz reports total revenue of $47,561, cost of goods sold of $32,856 and net receivables of $19,595. their property, plant and equipment is $19,813 and they have $16,240 of inventory. if they operate 300 days a year, how long does the average item stay in inventory?
The calculation of the average number of days an item stays in inventory involves determining the average value of inventory and the cost of goods sold per day.
To obtain the average value of inventory, we first need to calculate the beginning of the year inventory. We can start by calculating the gross profit, which is the difference between total revenue and cost of goods sold. Gross profit = Total revenue - Cost of goods sold = $47,561 - $32,856 = $14,705. Next, we can calculate the net profit before taxes, which is the difference between gross profit and operating expenses. In this case, we don't have information on the operating expenses, so we'll consider only the gross profit. To calculate the beginning of the year inventory, we can use the formula:
Beginning of the year inventory = (Total revenue - Gross profit + Net receivables) / 2
Beginning of the year inventory = ($47,561 - $14,705 + $19,595) / 2 = $23,059
Finally, we can find the average value of inventory by adding the ending inventory to the beginning of the year inventory, and then dividing by 2:
Average inventory = (Ending inventory + Beginning of the year inventory) / 2
Average inventory = ($16,240 + $23,059) / 2 = $19,649
Next, to determine the cost of goods sold per day, we can divide the total cost of goods sold by the number of days in a year:
Cost of goods sold per day = Cost of goods sold / Number of days in a year = $32,856 / 300 = $109.52
Finally, we can use the average value of inventory and the cost of goods sold per day to calculate the average number of days an item stays in inventory:
Average number of days an item stays in inventory = Average inventory / Cost of goods sold per day = $19,649 / $109.52 = 180 days.
So, the average item stays in inventory for 180 days.
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what are the basic characteristics of services compared with goods? what are the implications of these characteristics for airbnb, ge, southwest airlines, or the company you work for?
The basic characteristics of services compared with goods are:
Intangibility: Services cannot be seen, tasted, felt, heard, or smelled before they are purchased.Inseparability: Services are produced and consumed simultaneously, meaning that the customer and the service provider must be present at the same time.Variability: Services may vary in quality and customer experience due to the people involved and the environment.Perishability: Services cannot be stored for future use, and any unused capacity cannot be sold.The implications of these characteristics for Airbnb, GE or the company you work for are:
Airbnb: Airbnb must continuously strive to ensure that their customer experience is consistent and of high quality. They must also focus on marketing and customer service in order to ensure customer satisfaction.GE: GE must focus on delivering services that are tailored to their customers and take into account the variability of their services. They must also strive for customer satisfaction by providing high-quality services.Learn more about services: https://brainly.com/question/1286522
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which statement summarizes ordinary americans' attitude toward the war in europe? (5 points) they worried that the war would hurt trade and business. they wanted the u.s. to fight on the side of the allies. they wanted the u.s. to fight on the side of the central powers. they felt that the war was none of their business.
D: "They felt that the war was none of their business" summarizes 'ordinary Americans' attitude' toward the war in Europe.
Prior to the U.S. entry into World War I, many ordinary Americans had an attitude of isolationism and felt that the war in Europe was not their concern. They believed that the U.S. should stay out of the conflict and focus on domestic affairs. This sentiment was fueled by a desire to avoid being drawn into a prolonged and costly conflict, as well as a belief that the U.S. could continue to conduct business with both the Allies and the Central Powers.
It wasn't until events such as the sinking of the Lusitania and the interception of the Zimmermann Telegram that public opinion shifted in favor of U.S. involvement in the war.
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Which of these is NOT part of the promotional mix?a. Personal Sellingb. Advertisingc. Public Relationsd. Customer Profiles
The components that are not part of the promotional mix is customer profiles. Hence, the correct option is (D).
What Is The Promotional Mix?The promotional mix is one of the marketing efforts that can be carried out by companies by combining advertising, public relations, direct marketing, and personal selling, to sales to be able to increase demand for goods or services produced by companies. Using an appropriate and targeted promotional mix can increase company profits and achieve company goals. The use of this promotional mix will usually be carried out more intensely when the company creates new goods or services.
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select all that apply the two roles of financial accounting are to: multiple select question. report cost accounting information for internal decisions. measure and report results to taxing authorities. measure business activities of the company. communicate information to external parties for decision making purposes.
Financial accounting has two primary objectives measuring a company's current activities and providing investors and creditors with knowledge with those activities to assist them in setting priorities.
Which two categories go under financial accounting?
The cash method as well as the accrual method are indeed the two main kinds of financial accounting. The timeframe wherein the transactions are reported (or not documented) is the main distinction between these two methods of financial accounting.
Which two primary financial statements are available for use?
Income statements display the total amount of revenue and expenses for a given time period for a company. The interchange of cash among a corporation and the front world is indeed depicted in cash flow statements throughout duration.
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which two statements capture what differentiates shopping campaigns from search campaigns? choose two.
The two statements capture what differentiates shopping campaigns from search campaign are Target audience and Ad format.
Target market: Shopping campaigns target those who are actively looking to buy something, whereas search campaigns target people who are still doing their research and figuring things out.
Ad format: While search efforts show text-based advertising, shopping campaigns include product information and graphics.
These two distinctions between shopping and search marketing serve as a reminder of the various objectives and targeting tactics employed by each type of campaign. While search efforts are concentrated on grabbing consumers at an earlier point in the purchasing process and pushing them towards making a purchase, shopping advertisements are meant to be highly visual and provide potential customers all the information they need to make a purchase.
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The following question may be like this:
What two statements capture what differentiates shopping campaigns from search campaigns?
a customer complains you short changed him, you gave him $5.53 back stated on cash register. he says he gave you $20.00 not $10.00 dollars. what do yo
In a situation where a customer complains you short-changed him, by giving him $5.53 back and he says he gave you $20.00, not $10.00, it is best to be honest if the mistake was on your part, and if not, clarify everything politely with proofs in the cash register.
As you assess the situation, apologize for the error. A brief apology can buy you some time to make the right change or check the change situation. This situation is common in cash transactions as a cashier.
Fix it right away. The quicker you correct it if it was just an honest mistake, the less likely you are to annoy the customer. Most sincere incorrect change situations are easily resolved. Good customer service is important.
It is important to keep in mind that you should take precautions by counting your change back. Say the denomination aloud when the customer hands you a bill so that, in the event that they later complain, you can tell for sure whether they handed you a $10 or a $20 bill.
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determine what net income would have been in the second year if the allowance method (using 1.75% of sales) had been used in both the first and second
If the allowance method had been used, the net income would have been $81,900.
Sales = $650,000,
Net Income = $71,500.
Amount wrote off = $10,400
Calculating the total amount written off -
= Sales x Percentage of sales utilised
= 6,50,000 x 1.75%
= 11375
Therefore, the total amount -
= 11, 375 + 10,400
= 21,775
Calculating the net income as per allowance method -
The difference between the total amount written off will be -
= 21775 - 11375
= 10,400
Net income as per allowance -
Net Income + Written off amount
= 71,500 + 10,400
= 81,900
Complete Question:
During its first year of operations, Mack’s Plumbing Supply Co. had sales of $650,000, wrote off $10,400 of accounts as uncollectible using the direct write-off method, and reported net income of $71,500. Determine what net income would have been in the second year if the allowance method (using 1.75% of sales) had been uncollectible.
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an online seller of travel services that generates revenue by charging fees for its services is an example of a
An online seller of travel services that gene-rates revenue by charging fees for its services is an exam-ple of a A) transaction broker.
What does transaction broker mean ?A transaction broker is defined as a broker who pro-vides limited represent-ation to a buyer , a seller or both, in a real estate trans-action, but does not represent either in a fiduciary capa-city or as a single agent.
A transaction broker-age provides third party real estate services to buy-ers and sellers. A transaction broker, how ever, re-mains legally neutral, and can assist the buyer and the sell-er in a transaction.
Complete question- An online seller of travel services that generates revenue by charging fees for its services is an example of a
A) transaction broker.
B) market maker.
C) viral marketer.
D) content disseminator.
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before the product development team meeting, art made extra copies of the agenda and the notes from the previous meeting for his teammates. which citizenship behavior does art demonstrate?
The citizenship behavior which art demonstrates here is Courtesy
Art acted in a manner that may be characterised as courteous by providing extra copies of the agenda and his teammates' notes. The term citizenship behaviors in the context of work and organisations refer to voluntary acts made to support the success and well-being of the company and its members that go above and beyond the formal duties of a job.
Being on time, assisting others, demonstrating regard and respect, and taking initiative are a few examples of good civic actions. Art was courteous and helpful to his colleagues by creating extra copies of the agenda and notes, and his actions might be viewed as an example of organisational citizenship behavior.
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in counseling, the segregation of science and practice is essential in order to maintain updated knowledge that practitioners can integrate in their clinical work. (true or false)
The given statement ''in counseling, the segregation of science and practice is essential in order to maintain updated knowledge that practitioners can integrate in their clinical work.'' is false.
What is Clinical work? Clinical work includes, but is not limited to, Phase III Clinical Studies and Phase IV Clinical Trials. Clinical work is any work connected to human trials to evaluate the dosage, safety, and/or efficacy of a product and/or to evaluate a dose and treatment plan employing such product (in the event such Phase IV Clinical Trials are required by the FDA).It doesn't mean that just because you work in a hospital or clinic, your job is "clinical." If you provide direct patient care of any kind or take care of patients, your work is referred to as "clinical." In a therapeutic environment, clinical psychologists evaluate, identify, and treat patients with mental health and substance addiction issues.Learn more about Clinical work refer to :
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The guidelines stated for alcohol consumption should not exceed ______________ a week.
The guidelines stated for alcohol consumption should not exceed 14 units a week.
What is alcohol consumption?
Alcohol has played a significant part in social interaction and bonding throughout history and continues to do so today. For many people, moderate alcohol consumption or social drinking is enjoyable. However, excessive alcohol use is associated with a number of unfavourable consequences, including being a risk factor for diseases and bad health effects, criminality, traffic accidents, and for some, alcohol dependence. Worldwide, drinking alcohol contributes to 2.8 million early deaths each year. This item examines statistics on alcohol consumption patterns around the world, types of drinks consumed, the incidence of alcoholism, and the effects on crime, mortality, and traffic accidents.
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management science and operations research are ---select--- . ---select--- uses scientific methodology in managerial decision making and problem solving. management science uses ---select--- considerations in order to establish policies that are in the best interest of the organization.
Management Science and Operations Research are Decision Science = approach to decision making based on the scientific method, making extensive use of quantitative analysis.
What is Management Science?
The study of decision-making and problem-solving in organizations is known as management science. It can be compared to the scientific method being applied to management, giving managers the ability to decide on matters that would affect an organization's performance.
To assist managers in making better business decisions, management science applies the theories and practices of science, mathematics, statistics, and computing, which are generally referred to as "business analytics."
Data mining is one of the areas that management science encompasses. evaluation of options. Engineering.
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you are looking at projected profitability of different investments. assuming all outcomes are normally distributed, the mean return is a good measure of expected return. true or false
True. Assuming all outcomes are normally distributed, the mean return is a good measure of expected return.
The average of all potential outcomes is used to compute the mean return, sometimes referred to as the anticipated return. The mean return serves as the distribution's centre and most probable result in a normal distribution. Therefore, the mean return may be seen as a decent indication of the expected return, supposing that all outcomes are regularly distributed.
It's crucial to remember that actual investment results are rarely normally distributed and that there may be large departures from the mean return. In certain circumstances, additional metrics like the mean, median, or value at risk may offer a more precise estimate of projected return. When assessing the predicted return of an investment, additional elements like investment risk and volatility should also be taken into consideration.
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what is the difference between a tax credit and a tax deduction? select all that apply.
Tax deductions and credits both diminish your taxable income, but they do it in diverse situations.
What sets tax credits apart from tax deductions?
A deduction can only minimize your taxable income and the tax rate that was imposed to assess your taxes. The amount of your withheld refund may increase as a result. Certain tax credits can provide you a refund even if you have no withholding since they lower your tax and increase the amount of your withholding refund.
Which two categories do tax credits fall under?
Refundable and nonrefundable tax credits are both accessible to taxpayers. Both types give you the opportunity to reduce your tax liability, but refundable credits also give you the opportunity to receive a tax refund.
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your parents save and invest $3,600 per year at a fixed rate of 10% for retirement. how much money will they have saved after 35 years?
No of money will they have saved after 35 years is $16200
What Is a Fixed Interest Rate? A debt, such as a loan or mortgage, may have a fixed interest rate that never changes. It may be applicable for all or a portion of the loan's term, but it is constant for the duration of the designated time.Since future changes in interest rates won't have an impact on fixed-rate loan installments, borrowers may accurately forecast their payments in the future. Auto loans, personal loans, fixed-rate mortgages, and federal student loans are a few types of fixed-rate loans.Due to Loan 1's set interest rate, the yearly payment amount is constant. As a result, the total payment is determined as follows: $5,000 (interest in Year 1) + $5,000 (interest in Year 2) + $105,000 (interest + principal in Year 3) = $115,000.Given data :
Fixed rate : 10%
Invest amount : $3,600 per year
So the Fixed rate for one month = [tex]\frac{3600}{100} * 10[/tex]
= 360 rs
Money will they have saved after 35 years = $3,600 + (360 x 35) = $16200
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