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The interest rate for the loan is an effective annual rate. Which of the following is the best next step before trying to calculate the required monthly repayment for the mortgage?
a.
Divide the rate by 12 to work in months
b.
Convert the rate to a nominal annual rate compounding monthly, and use this new rate directly to calculate the monthly repayments.
c.
No interest rate conversion is needed. The rate can be used directly.
d.
Convert the rate to an effective monthly rate, and use this rate directly to calculate the monthly repayments.
Explain clearly the function of and the difference between the following terms:
a. Estimates and estimators
b. R2 and Adjusted R2
Qd = 600 -30P
Qs = -300 + 120P
What is the equilibrium price
150 000 ordinary shares at no par value 700 000
5% Redeemable cumulative preference shares at N$2.00 each 300 000
Shares premium account 45000
Capital redemption reserve fund 50000
Retained earnings 258000
Bank overdraft 105350
Preliminary expenses 15000
Dividends payable 15000
Underwriters commission ( on ordinary shares) 20000
Inventory 26350
Property 1450000
Equipment 755600
Required:
1.Prepare General Journal entries
2.Prepare statement of changes in equity
Ubisoft Entertainment is a partnership of exclusive game distributor who specialist in electronic arts and play stations. The two partners who shares profit and losses equally are the brothers Arthur and Blaise. Arthur and Blaise youngest brother Claude recently graduated as a sound engineer and Arthur and Blaise decided to admit Claude as a third partner of Ubisoft Entertainment on 1 January 2021.
Required:
2.1Prepare the statement of profit and loss and other comprehensive income for the year ended 31 December 2020 for Ubisoft Entertainment.
2.2Prepare the Profit Appropriation account as at 31 December 2020 before Claude was admitted as a partner
2.3Provide Journal entries for Claude admission as a partner on 1 January 2021.
Draw a consumer budget constraint and indifference curves for Pepsi and Pizza. Find out
the optimal consumption choice when consumer has income of $2000 and the price of Pepsi is $5 per bottle and the price of per pizza is $10.What is the marginal rate of substitution at this optimum?
Classify each of the following statements as positive or normative. Explain. a. Society faces a short-run trade-off between inflation and unemployment b. A reduction in the rate of money growth will reduce the rate of inflation. c. The Central Bank or Federal Reserve should reduce the rate of money growth. d. Society ought to require welfare recipients to look for jobs. e. Lower tax rates encourage more work and more saving.
Classify the following topics as relating to microeconomics or macroeconomics. a. a familys decision about how much income to save b. the effect of government regulations on auto emissions c. the impact of higher national saving on economic growth d. a firms decision about how many workers to hire e. the relationship between the inflation rate and changes in the quantity of money
An economy consists of three workers: Larry, Moe, and Curly. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Larry can either mow one lawn or wash one car; Moe can either mow one lawn or wash two cars; and Curly can either mow two lawns or wash one car. a. Calculate how much of each service is produced under the following circumstances, which we label A, B, C, and D: All three spend all their time mowing lawns. (A) All three spend all their time washing cars. (B) All three spend half their time on each activity. (C) Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. (D)
b. Graph the production possibilities frontier for this economy. Using your answers to part a, identify points A, B, C, and D on your graph. c. Explain why the production possibilities frontier has the shape it does. d. Are any of the allocations calculated in part a inefficient? Explain.
Discuss the effectiveness of fiscal and monetary policies in regulating economic activities in a country.
#340153 on Dec 2023