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Finance
You went shopping a month ago, racking charges of $2,000 to your credit card along
the way. Then the credit card statement comes, and it says your minimum monthly
payment is only $40. Suppose you only pay the minimum payment of $40 every month.
If the stated interest rate is 24%/year, compounded monthly, how long does it take for
you to pay off your credit card debt? For simplicity, assume the first payment is due
immediately, and your credit card company starts charging you interest after the first
day of the first payment.
the way. Then the credit card statement comes, and it says your minimum monthly
payment is only $40. Suppose you only pay the minimum payment of $40 every month.
If the stated interest rate is 24%/year, compounded monthly, how long does it take for
you to pay off your credit card debt? For simplicity, assume the first payment is due
immediately, and your credit card company starts charging you interest after the first
day of the first payment.
Finance
Your life span is two periods. You are endowed with $500 today. You have a production
technology which can transform an investment of $I today into $40√I next year. Also,
you can borrow at 33 and 1/3% per annum and lend at 25% per annum.
(a) What is the maximum feasible consumption today?
(b) What is the maximum feasible consumption next year?
(c) What is the optimal consumption if U(C0, C1) = min(C0, C1)?
(d) What is the “Fisher Separation Theorem?” Is it valid under the assumption of
different borrowing and lending rates?
technology which can transform an investment of $I today into $40√I next year. Also,
you can borrow at 33 and 1/3% per annum and lend at 25% per annum.
(a) What is the maximum feasible consumption today?
(b) What is the maximum feasible consumption next year?
(c) What is the optimal consumption if U(C0, C1) = min(C0, C1)?
(d) What is the “Fisher Separation Theorem?” Is it valid under the assumption of
different borrowing and lending rates?
Finance
When must you sign a deposit slip?
a.
You must always sign a deposit slip.
b.
You only need to sign a deposit slip when receiving cash.
c.
You only need to sign a deposit slip when using an ATM, rather than depositing at the bank.
d.
You never need to sign a deposit slip. Your account information is enough.
a.
You must always sign a deposit slip.
b.
You only need to sign a deposit slip when receiving cash.
c.
You only need to sign a deposit slip when using an ATM, rather than depositing at the bank.
d.
You never need to sign a deposit slip. Your account information is enough.
Finance
The majority of financial institutions in the United States are commercial banks? True Or False
Finance
Why would there be a crash in stock market price if Jeff Bezos sells all his shares of the company?
Finance
The trial balance of supermarket fail to balance with the difference of sh 75000 being in the debit side. after a close scrutiny the following errors were found:
1. purchase of office equipment worth sh 90000 was debited to the purchase accounts.
2. purchase was under-cast by sh 55000.
3.bad debts of sh 16000 was wrongly on the debtors account.
4. cash receipt of sh 30000 for a debtor had been omitted.
5.motor vehicle account was under-cast by sh 28000 and so was the bank loan.
6.sales returns of sh 14000 were not recorded in the sales returns account.
7. discount received of sh 10000 from creditor were not recorded in the discounts received account.
requirement
1. prepare a journal entry to correct errors.
1. purchase of office equipment worth sh 90000 was debited to the purchase accounts.
2. purchase was under-cast by sh 55000.
3.bad debts of sh 16000 was wrongly on the debtors account.
4. cash receipt of sh 30000 for a debtor had been omitted.
5.motor vehicle account was under-cast by sh 28000 and so was the bank loan.
6.sales returns of sh 14000 were not recorded in the sales returns account.
7. discount received of sh 10000 from creditor were not recorded in the discounts received account.
requirement
1. prepare a journal entry to correct errors.
Finance
“Both in terms of fiscal consolidation and of macroprudential regulation, the UK Government has failed to fully prepare for a reoccurrence of the financial instability inherent in the current system.” I need to discuss this statement, please help me
Finance
what information should be included in formal written confirmations from users about the new systems?
Finance
what is unusual about the related expense assumption for challenger's expansion?
Finance
1. Logan starts a restaurant using his own money to purchase a building and cooking equipment such as ovens and grills. This is an example of
