An increase in the United States' holdings of foreign currencies indicates that the country's foreign exchange policy involved intervening in the foreign exchange market to influence the value of the U.S. dollar.
If the United States reported an increase in its holdings of foreign currencies from last year, it indicates that the foreign exchange policy of the United States during the last year likely involved an intervention in the foreign exchange market. By increasing its holdings of foreign currencies, the U.S. Treasury may have aimed to influence the exchange rate of the U.S. dollar against other currencies.
Foreign currency holdings can be used by a country's central bank or treasury as a tool to manage exchange rates. When a country increases its holdings of foreign currencies, it typically implies that it has purchased those currencies in the foreign exchange market, thereby increasing the demand for those currencies and potentially weakening its own currency.
The specific reasons behind such foreign exchange interventions can vary, but they are often aimed at achieving certain objectives, such as:
Exchange rate stability: By buying foreign currencies, the United States may have sought to stabilize its exchange rate against other currencies. This can be done to prevent excessive fluctuations or volatility in the value of the U.S. dollar, which can have economic implications for trade, investment, and overall economic stability.Export competitiveness: Increasing foreign currency holdings can also be a part of a country's strategy to enhance its export competitiveness. By weakening the domestic currency, exports from the United States become relatively cheaper in foreign markets, potentially boosting international trade and supporting domestic industries.Economic policy objectives: Foreign exchange interventions can be used as part of broader economic policy objectives, such as managing inflation, promoting economic growth, or addressing trade imbalances. By influencing exchange rates through increased foreign currency holdings, the United States may have aimed to achieve specific economic goals.It's important to note that the impact of foreign exchange policies and interventions can be complex and may have both intended and unintended consequences. Various factors, including market dynamics, global economic conditions, and the actions of other countries, can influence the effectiveness and outcomes of such policies.
In summary, an increase in the United States' holdings of foreign currencies suggests that the country pursued a foreign exchange policy involving interventions in the foreign exchange market to influence the exchange rate of the U.S. dollar and potentially achieve certain economic objectives.
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a landlord instructs her maintenance team to install new bathroom cabinets for all the apartment units. she gives her tenants 36-hours notice before the installation. evaluate the landlord's actions.
The landlord's action of giving 36-hours notice before installing new bathroom cabinets demonstrates consideration for the tenants' privacy and convenience, promoting effective communication.
The landlord's actions of providing 36-hours notice to her tenants before installing new bathroom cabinets can be evaluated as considerate and proactive. Giving notice in advance allows the tenants to prepare themselves for the maintenance work and make any necessary arrangements.
This approach demonstrates the landlord's respect for the tenants' privacy and convenience.
By informing the tenants in advance, the landlord ensures that they have adequate time to remove any personal belongings or make any necessary arrangements to accommodate the installation process. This not only minimizes disruptions for the tenants but also allows the maintenance team to carry out their work efficiently without hindrance.
Furthermore, providing notice in advance demonstrates professionalism and good communication between the landlord and the tenants. It establishes a transparent and respectful relationship, where tenants are informed and involved in the maintenance process of their living spaces.
In summary, the landlord's action of providing 36-hours notice before installing new bathroom cabinets reflects a considerate approach that values the tenants' needs and rights. By giving ample notice, the landlord demonstrates respect for the tenants' privacy, convenience, and establishes effective communication channels.
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Everybody should leave this app and go to question cove. You do not need any points to ask questions and you get correct answers in as little as 30 seconds. Not to mention you can easily message somebody without any problems.
Answer:
what happened to karlie
Explanation:
Enter text- Apply A text Effect
Scenario: Money Creation The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in his checking account. The bank does NOT want to hold excess reserves. Reference: Ref 14-5 (Scenario: Money Creation) Look at the scenario Money Creation. Immediately after the deposit, reserves _____ and demand deposits _____ by $1,000. Group of answer choices increase by $1,000; increase decrease by $200; increase decrease by $1,000; decrease increase by $1,000; decrease
If the High Rate Method makes the most mathematical sense, why would anyone use the Snowball Method instead?
It saves more money in interest
It increases the number of debts you have to repay
It increases the number of monthly payments you need to make
Paying off any debt in full feels good and motivates you to keep going
Paying off any debt in full feels good and motivates you to keep making the most mathematical sense, would be used by the Snowball Method instead. Thus, option D is correct.
What is mathematical?
Mathematical subjects encompass things and their changes, forms and the locations in which they exist housed formulae and supporting structures, and numerals.
The Snowball Method would just be employed in its place since repaying off any debt completely feels wonderful and encourages you to continue. When a debt becomes paid in full, you transfer the funds you were using to make that payment to the subsequent, lowest loan. In a perfect world, this procedure would go on until all obligations were settled.
Therefore, option A is the correct option.
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6. How much was the dividend per share? (hint: dividends are not paid on treasury stock. ) (round your answer to 2 decimal places. )
The dividend per share was $0.15.
The dividend per share using this share formula:
Dividend per share = Total dividends paid / Total shares outstanding
Total dividends paid = Total dividends declared - Dividends on treasury stock
Total dividends declared = $1,365,000
Dividends on treasury stock = $45,000
The dividend per share using the following formula:
Total shares outstanding = Beginning shares + Issued shares - Treasury shares
Dividend per share = Total dividends paid / Total shares outstanding
Beginning shares = 8,500,000
Issued shares = 300,000
Treasury shares = 200,000
Total shares outstanding = 8,500,000 + 300,000 - 200,000
= 8,600,000
Total dividends paid = $1,365,000 - $45,000 = $1,320,000
Dividend per share = $1,320,000 / 8,600,000
= $0.1535 (rounded to 2 decimal places)
Therefore, the dividend per share was $0.15.
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Correct Question:
How much was the dividend per share? (hint: dividends are not paid on treasury stock. ) (round your answer to 2 decimal places. )
In a CDS the accrual payment is a payment made by CDS_____ to CDS_________ and occurs when the_____ defaults a. buyer; seller; buyer b. seller; buyer; reference entity c. buyer; seller; reference entity d. seller; buyer; buyer e. buyer; seller; seller
In a Credit Default Swap (CDS), the accrual payment is a payment made by the buyer to the seller, and it occurs when the reference entity defaults.
In a CDS, the buyer of the swap pays regular premiums to the seller in exchange for protection against the default of a specific reference entity, such as a company or government. The accrual payment refers to the periodic payment made by the buyer to the seller throughout the life of the CDS. This payment compensates the seller for assuming the risk associated with the reference entity's default.
The accrual payment is triggered when the reference entity defaults on its obligations, typically by failing to make timely payments on its debt. When a default event occurs, the buyer of the CDS receives a payout from the seller, which represents the notional amount of the swap or the difference between the reference entity's original and recovery values. This payment is made to compensate the buyer for the losses incurred due to the default.
Therefore, the correct answer is option c: buyer; seller; reference entity. The buyer of the CDS makes the accrual payment to the seller, and it occurs when the reference entity, which is the subject of the CDS, defaults. The seller assumes the risk of the reference entity's default and receives the accrual payment from the buyer as compensation for this risk.
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What are some important Factors when you open a business?:
True or False: Strip malls are usually climate controlled.
Answer: false
Explanation:
That’s the correct answer
The Strip malls are usually not the climate controlled, as it is the cause of the global warming.
What is the strip mall?Strip mall is also called the strip center or strip plaza. This type of mall is basically the common shopping center in North America. In which the stores are arranged in a well-defined row, consisting of the sidewalk in their front.
It is not the climate controlled because these malls contribute to the global warming indirectly pollute the environment, as the energy generators causes the green house gases.
Therefore, the given statement is false.
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What is a benefit of career planning that helps you keep up with rapid change?
O Planning slows down your ability to evaluate how well your career path is working for you.
O Rapid change makes it easy to find information on jobs and companies that interest you.
You can make plans that you will never need to change.
It helps you learn about trends in your career field.
Answer: It helps you learn about trends in your career field.
Explanation: I took the test |
\/
Chloe enjoys her math classes, and she would like to find a career that will allow her to continue to use her math skills. Which career would be a good fit for her? O A. accountant O B. purchasing agent O C. commercial carpenter OD. human resources manager Reset Next
Answer:
A. accountant
Explanation:
The accountant has a very significant role in running a business. He or she keeps a precise record of money flow in the company. The accountant function is mainly mathematical as it involves the accurate collection, recording, analysis, and financial presentation of the organization’s business operations.
Business or financial transaction records have a lot of numerical. Prices, sales volumes, discounts, repayments period are all presented in numbers. An accountant will always be calculating. If Chloe enjoys math, she will like working as an accountant as the role depends on math.
The answer is: A. accountant
The main duty of an accountant is to prepares the financial information of an individual or an organisation. In order to do this, you need a really good command of math skills since all the information regarding the assets , liability, and capital of the individuals/organization is recorded in a numerical value.
Which is a true statement of offer and acceptance?
Courts look at parties outward manifestations of intent as a requirement to enforce a contract. This is called the subjective standard of intent.
The intent to accept, like the intent to contract, is judged by an objective standard.
The intent to offer a contract is judged by an objective standard, while intent to accept is judged by a subjective standard
The intent to offer a contract is judged by a subjective standard, while intent to accept is judged by an objective standard
A genuine statement of offer and acceptance is one in which the intent to offer a contract is evaluated according to an objective criteria and the intent to accept is evaluated according to a subjective standard. Option 3 is Correct.
The foundation of a contract is what is meant by offer and acceptance. The formation of a contract requires that one party make an offer, which another party must accept, and that the two parties subsequently trade products and/or services.
Acceptance of an offer is the offeree's expression of acceptance to its conditions in a way that is encouraged or required by the offer. Only the individual who is invited to provide the consideration may accept an offer. Option 3 is Correct.
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Correct Question:
Which is a true statement of offer and acceptance?
1. Courts look at parties outward manifestations of intent as a requirement to enforce a contract. This is called the subjective standard of intent.
2. The intent to accept, like the intent to contract, is judged by an objective standard.
3. The intent to offer a contract is judged by an objective standard, while intent to accept is judged by a subjective standard
4. The intent to offer a contract is judged by a subjective standard, while intent to accept is judged by an objective standard
when andrea chooses to purchase a particular combination of goods that are at or below her budget, she:
when andrea try to choose and purchase a particular set of combination of goods then there are at or below her budget, she saves the budget.
The Budget line shows the mixture of products a purchaser should buy given his or her profits and the expenses withinside the marketplace. Any package deal above the price range line can't be completed because it fee greater than the clients profits. However a package deal beneath the price range line fee much less than the clients profits.
Consumers pick out a mixture of products so that it will maximize the pride they are able to achieve, given the restricted price range to be had to them. The maximizing marketplace basket should fulfill conditions: It should be positioned at the price range line. Must deliver the purchaser the maximum favored mixture of products and services.
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Calculate China’s RGDP growth rate in 2006, the growth rate of real GDP per person in 2006 (using the approximation formula), and the approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained.
China’s RGDP growth rate in 2006 was _______ percent. Round up your answer to the first decimal. China’s growth rate of real GDP per person in 2006 (using the approximation formula) was ______ percent. Round up your answer to the first decimal.
It will take China approximately _______ years to double its real GDP per person. Round up your answer to a full number (no decimals).
Answer:
China’s RGDP growth rate in 2006 was 8.2% percent. Round up your answer to the first decimal. China’s growth rate of real GDP per person in 2006 (using the approximation formula) was 7.7% percent. Round up your answer to the first decimal.
It will take China approximately 9 years to double its real GDP per person. Round up your answer to a full number (no decimals).
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
In 2005 China's RGDP was 7,394 billion yuan. In 2006 its RGDP was about 8,000 billion yuan. China's population was 1,306.6 million in 2005 and 1,313.1 million in 2006.
Calculate China's RGDP growth rate in 2006, the growth rate of real GDP per person in 2006 (using the approximation formula), and the approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained.
China's RGDP growth rate in 2006 was _______ percent. Round up your answer to the first decimal. China's growth rate of real GDP per person in 2006 (using the approximation formula) was ______ percent. Round up your answer to the first decimal.
It will take China approximately _______ years to double its real GDP per person. Round up your answer to a full number (no decimals).
The explanation to the answer is now given as follows:
a. Calculate China’s RGDP growth rate in 2006. Round up your answer to the first decimal.
This can be calculated using the following formula:
China’s RGDP growth rate = (2006 RGDP - 2005 RGDP) / 2005 RGDP = (8,000 - 7,394) / 7,394 = 0.0820, or 8.2%
b. Calculate the growth rate of real GDP per person in 2006. Round up your answer to the first decimal.
This can be calculated using the following formula:
China’s RGDP per person growth rate = (2006 RGDP per person - 2005 RGDP per person) / 2005 RGDP per person ............... (1)
Where;
2006 RGDP per person = 2006 RGDP / 2006 population = 8,000 / 1,313.1 = 6.09245297387861 billion yuan
2005 RGDP per person = 2005 RGDP / 2005 population = 7,394 / 1,306.6 = 5.65896219194857 billion yuan
Substituting the values into equation (1) above, we have:
China’s RGDP per person growth rate = (6.09245297387861 - 5.65896219194857) / 5.65896219194857 = 0.077, or 7.7%
c. The approximate number of years it will take for real GDP per person in China to double if the 2006 economic growth and population growth rates are maintained. Round up your answer to a full number (no decimals).
To calculate this, the rule of 70 is used as follows:
Number of years for Real GDP per person to double = 70 / China’s RGDP per person growth rate = 70 / 7.7 = 9 years
a college student expects to earn at least $1,000 in interest on an initial investment of $20,000. if the money is invested for one year at interest compounded quarterly, what is the least annual interest rate that would achieve the goal?
The lowest yearly interest rate needed to reach the objective is 5.04%.
What is the least annual interest rate that would achieve the goal if a college student expects to earn at least $1,000 in interest on an initial investment of $20,000 if the money is invested for one year at interest compounded quarterly is given below:
A= P(1 + r/n)nt
Here, A = amount,
P = principal,
r = rate of interest,
n = number of times interest is compounded in a year, and
t = time in years.
To calculate the least annual interest rate, we can use the above formula and substitute the given values.
A = $20,000(1 + r/4)4(1)
A = $20,000(1 + r/4)4
A = $20,000(1 + r/4) x (1 + r/4) x (1 + r/4) x (1 + r/4)
A = $20,000(1 + r/4)³
Now, we have the value of A. To find the value of r, we can use the following equation:
$20,000(1 + r/4)³ = $21,000
Dividing both sides by $20,000, we get
(1 + r/4)³ = 1.05
Taking the cube root of both sides, we get
1 + r/4 = 1.01258
Subtracting 1 from both sides, we get
r/4 = 0.01258
Multiplying both sides by 4, we get
r = 0.05032 or 5.032%
Therefore, the least annual interest rate that would achieve the goal is 5.032%.
To solve the given problem, we need to use the formula for compound interest and then solve for the interest rate. The formula for compound interest is given as
A = P(1 + r/n)nt
Here,
A = amount,
P = principal,
r = rate of interest,
n = number of times interest is compounded in a year, and
t = time in years.
We know that the college student expects to earn at least $1,000 in interest on an initial investment of $20,000. Therefore, the amount after one year should be $21,000 (P + I).
The investment is for one year and the interest is compounded quarterly. Therefore, we have n = 4 and t = 1. Substituting these values in the above formula, we get
A = P(1 + r/n)nt
$21,000 = $20,000(1 + r/4)⁴
Dividing both sides by $20,000, we get
(1 + r/4)⁴ = $21,000/$20,000
= 1.05
Taking the fourth root on both sides, we get
1 + r/4 = 1.0126
r/4 = 0.0126
r = 4 × 0.0126
r = 0.0504 or 5.04%
Hence, the least annual interest rate that would achieve the goal is 5.04%.
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Which of the following are characteristics of hard money? i. donations from individuals and interest group pacs ii. regulated by the federal election commission iii. goes directly to a political candidate iv. can be used for advertising or other campaign expenses a. i, ii, iii, and iv b. i and ii only c. i, iii, and iv only d. ii, iii, and iv only please select the best answer from the choices provided a b c d
The characteristics of hard money include donations from individuals and interest group PAC'S, and they are regulated by the Federal Election Commission.
What is hard money?Hard money and soft money are often used to describe the type of currency and also refer to political currency in the United States.
These two combined factors are the definition of what is considered "hard money" in politics.
Hard money is separated from soft cash, because the latter comes from a donation that can be controlled by the Federal Election Commission.
Thus, the correct answer is option B.
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Which descriptions offer examples of Management workers? Check all that apply. Roger sells a company’s product to customers. Arthur supervises a small department of Administrative workers. Bridget documents a company’s financial activities and creates reports. Whitney oversees others, makes decisions, and runs a company.
Answer:
The answer is B&D
Answer:
b & d
Explanation: got it wrong the first time and this is the right answer lol
An entity enters into a contract with a customer to sell products X, Y, and Z in exchange for $250,000. Control over the products will be transferred to the customer at different points in time. The entity determines that the delivery of each product is a distinct performance obligation. Products X and Y are regularly sold separately and their standalone selling prices of $40,000 and $120,000, respectively, are directly observable. The standalone selling price of product Z of $160,000 was estimated using the adjusted market assessment approach. The entity determined that the discount provided to the customer does not relate to one or more specific products in the contract. What revenue will be recognized by the entity on the sale of product X
Answer:
B. $31,250
Explanation:
The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;
Here the transaction price should be distributed to the performance obligations.
The sum of the standalone selling price is
= $40,000 + $120,000 + $160,000
= $320,000
And, the standalone selling price is $40,000
Now the revenue that should be recognized is
= $40,000 ÷ $320,000 × $250,000
= $31,250
What do prices help buyers and sellers make?
a. products
b. models
C. targets
d. decisions
products the monetary value of a good as determined by supply and demand. occurs when supply outweighs demand; pricing must be reduced to entice customers.
option ( A) is correct
Prices aid buyers and sellers in what way?Prices provide vendors and purchasers incentives and communicate messages. Market prices alter in response to changes in supply or demand, which impacts incentives. Higher pricing for a good or service encourage both producers to make or sell more of it while also encouraging consumers to buy less of it.
What is the agreed-upon pricing between buyers and sellers?Price in equilibrium. An equilibrium price, also known as a market clearing price, is the agreed upon price when a product transaction takes place. According to the diagram in Image 1, this price occurs where supply and demand converge. Buyers and sellers are both eager to swap quantity Q for price P in Image 1.
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How do you get cheap airline tickets?
8. One of Hope's coworkers quits, and during the next pay period Hope works 60 hours instead of 40 to help cover
the shifts. Which of Hope's deductions will definitely change as a result?
a. Her Federal tax
b. Her health
C. Her dental
d. Her retirement
Answer:
A
Explanation:
Federal income taxes are simply known to be collected by the federal government to pay their bills
State taxes are often collected by individual state governments to pay their specific state bills.
Income tax are simply regarded as Taxes on income, both earned in salaries, wages, tips, commissions and also those unearned in form of interest and dividends.
Conclusively, Income taxes can be levied on both individuals and businesses.
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PLZ HELP this is Econ btw !!! How can technology as a determinant decrease supply? Explain or give
an example.
Answer:
as we simply know the technology degradation will increase the cost of production and decrease the profit and when there will be less profit the supplier supplies less goods in the market
hence the supply will decrease.
vice versa in the case of technology improvement.
is it fine?
United States Geological Survey stream-gauging stations measure all but which of the following?
A. water depths
B. channel width
C. water velocity
D. amount of sediment being carried by the stream
E. All of these are correct.
United States Geological Survey (USGS) stream-gauging stations measure water depths, channel width, and water velocity, but they do not measure the amount of sediment being carried by the stream.
USGS stream-gauging stations are designed to collect a wide range of data on the characteristics and behavior of streams and rivers. This data is used to monitor water levels and flow rates, predict floods and droughts, and assess the health of aquatic ecosystems. To collect this data, stream-gauging stations typically use a combination of electronic sensors, physical measurements, and visual observations.
The three primary types of data collected by stream-gauging stations are water depth, channel width, and water velocity. Water depth is measured using pressure sensors or float devices that detect changes in water pressure or elevation. Channel width is typically measured using visual observations or with electronic distance-measuring devices. Water velocity is measured using either mechanical current meters or acoustic Doppler instruments.
While USGS stream-gauging stations collect a wide range of data on stream and river conditions, they do not typically measure the amount of sediment being carried by the stream. Sediment transport can be a key indicator of stream health and can also affect water quality, but measuring sediment transport can be difficult and costly, and requires specialized equipment and techniques.
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Because of the difference between the discipline imposed by market competition and the discipline imposed by political decisions, which of the following is most likely? reduced government borrowing to avoid crowding out private investment difficulty managing public investment so it’s done in a cost effective way government budgets will exactly shadow the rate of private investment tax budgets increase without a corresponding drop in private investment NEXT
Answer:
Difficulty managing public investment so it's done in a cost effective way
Explanation:
An Economy
This is simply known as a well arranged means by which nations supply or provide for the needs and wants of its people.
Resources
This are simply all the materials or things that is put in place that is used in producing goods and services.
Factors of production includes land, labor, capital, and entrepreneurship.
The reasons for government intervention is due to the allocation function, market failure occurs in case of Public Goods, externalities, Insufficient Competition; distribution function and stabilization function. Government influences decision making by establishing legal framework within which businesses and households operate.
According to the video, whom do construction managers represent? the building owners or developers the laborers working on a project the equipment used for construction the citizens who will use a completed building or structure
According to the video, the construction managers represent option A) the building owners or developers.
To oversee the planning, design, construction, and closeout of a project, professionals in the field of construction management employ specific project management techniques and tools. Construction managers are in charge of specialist workers and other staff.
In order for projects to adhere to design criteria, they schedule and organise all construction activities. They guarantee that projects are finished on schedule and within budget. Construction managers, sometimes known as general contractors or project managers, coordinate and oversee numerous projects, such as the construction of roads and bridges as well as public, residential, commercial, and industrial facilities.
To oversee the daily operations of a construction site, a construction manager must take on a variety of duties. They are also in charge of ensuring that the job is completed safely, promptly, and within the agreed-upon budget, as well as satisfying the client's quality requirements and objectives.
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You currently purchase a part used in your production process from an outside supplier, and have decided to begin making this part in-house. You have two equipment options for moving production in-house: special-purpose equipment and general-purpose equipment. Cost information for these two options is as follows:
Alternative fixed cost Variable cost
Special_Purpose equipment 200,000 per yr 15 per unit
General-Purpose Equipment 50,000 per yr 20 per unit
What is the break even quantity between the two options?
a) 40,000 units per year
b) 60,000 units per year
c) 30,000 units per year
d) 50,000 units per year
Answer:
b )60,000 units per year an is aynul yang
if land is valued at $1500 per acre (1 acre is 43,560 square feet), what is the value of the parcel of land, rounded to the nearest dollar?
Rounded to the nearest dollar, the value of the parcel of land is $2,070.
What is Pofit?
Profit is the financial gain or benefit that a business or an individual earns after deducting all expenses from the total revenue generated. It is the amount by which revenue from sales exceeds the cost of goods sold, operating expenses, and other costs associated with running a business or conducting an activity.
To find the value of the parcel of land, you need to know the size of the parcel in acres. Let's assume the parcel of land is rectangular and measures 200 feet by 300 feet.
To convert this into acres, we first need to find the total area of the parcel in square feet:
200 feet x 300 feet = 60,000 square feet
Then we divide this by the number of square feet in an acre:
60,000 square feet ÷ 43,560 square feet/acre ≈ 1.38 acres
So the parcel of land is approximately 1.38 acres.
To find the value of the land, we multiply the number of acres by the value per acre:
1.38 acres x $1500/acre = $2,070
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What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?
Low, high levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.
Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.
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How does a command economy answer the three economic questions?
(1) what to produce, (2) how to produce, and (3) for whom to produce.
Answer:
key terms in purest from a market economy answers the three economic questions by allocating resources and goods through markets where prices are generated. In its purest form, a command economy answers the three economic questions by making allocation decisions centrally by the government.
Answer:
is it (3) for whom to produce.
Explanation:
X Y and Z are partners sharing profit in the ratio of 2 by 3 ratio 1 by 4 ratio 1 by 12 calculate the new ratio if x retires
Answer:
Y : Z = 3 : 1
Explanation:
Given:
X's share = 2/3
Y's share = 1/4
Z's share = 1/12
Find:
New ratio, when X retires
Computation:
X retires , So remain partners are 'Y' and 'Z'
Y's share = 1/4
Z's share = 1/12
Y : Z = 1/4 : 1/12
By taking LCM:
Y : Z = 3/12 : 1/12
Y : Z = 3 : 1