1. ANSWER: D. traditional
In a traditional economy, the individual members of the society gets to decide what to produce, how to produce it, and whom to produce it for. In a market economy, businesses are present to decide some of the economic questions while the government is present in a command economy. A mixed economy is a combination of businesses and government answering the economic questions.
2. ANSWER: C. factor payment
We call the payment or income paid to the owner of factors of production like land, labor, and capital in exchange of a productive service the factor payment. A factor payment may come in the form of a wage, rent, interest, or profit depending on the factor of production that the owner owns.
3. ANSWER: D. traditional
As the name suggests, in a traditional economy, traditional ways of the people control the answers to the three basic economy questions. In this type of economy, there are no government or other private businesses controlling the people's economy. Thus, the people are free to follow certain rituals, ancestral laws, or religious practices.
Adjusted Balance Method-
Interest $______
New Balance $______
Average Daily Balance ≈ $475.42 Interest ≈ $4.75 New Balance ≈ $369.75
To calculate the interest and the new balance using the Adjusted Balance Method, you first need to find the average daily balance. The Adjusted Balance Method considers the balance after subtracting any payments made during the billing cycle. Here's how to calculate it:
1. Start with the previous balance: $500
2. Add the purchases made during the billing cycle:
- May 12: $25
- May 22: $100
- May 30: $50
Total purchases = $25 + $100 + $50 = $175
3. Subtract any payments made during the billing cycle:
- May 20: $110
4. Calculate the average daily balance. To do this, you need to consider the number of days each balance was carried during the billing cycle. Assuming a 30-day billing cycle, here's how you calculate it:
- For the first 8 days (May 1 to May 8), the balance is $500.
- For the next 4 days (May 9 to May 12), the balance is $500 + $25 (May 12 purchase).
- For the next 10 days (May 13 to May 22), the balance is $500 + $25 (May 12 purchase) + $100 (May 22 purchase).
- For the last 8 days (May 23 to May 30), the balance is $500 + $25 (May 12 purchase) + $100 (May 22 purchase) + $50 (May 30 purchase) - $110 (May 20 payment).
5. Calculate the average daily balance by summing up the balances for each period and dividing by the total number of days in the billing cycle (30 days in this case).
Now that you have the average daily balance, you can calculate the interest using the monthly interest rate of 1% (12% per year):
Interest = Average Daily Balance * Monthly Interest Rate
New Balance = Previous Balance + Purchases - Payments + Interest
Please calculate the average daily balance and then use the interest formula to find the interest and update the new balance.
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Answer:
Barber's Return on Equity (ROE) is 1.28%
Explanation:
The formula to compute the ROE of Barber is:
ROE = Net Income / Shareholder's Equity
= $250,000 / $195,000
= 1.28%
It is a measure of the profitability ratio which evaluates the firm ability for generating profits from investment of shareholders.
Working Note:
Shareholder Equity of Barber = Beginning capital - Withdrew amount
= $285,000 - $90,000
= $195,000
Barber's return on equity for the year is 30.48%.
Barber's initial equity was $285,000. The net income is shared equally, therefore Barber will receive 50% or $125,000 ($250,000 × 0.5) of the net income. Despite the withdrawals which don't affect equity, Barber's equity at the end of the year is hence $285,000 + $125,000 = $410,000.
The return on equity (ROE) is calculated by the profit (net income) divided by the equity. Therefore, Barber's ROE is $125,000 / $410,000 = 0.3048 or 30.48% when expressed as a percentage. Hence, Barber's return on equity for the year is 30.48%.
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The company's managers should not accept this project. The first project exhibits decreasing cash flows, and the project's Modified Internal Rate of Return (MIRR) would be 8.37%, assuming Jamison's desired rate of return is 7.00%.
As this MIRR is greater than Jamison's desired rate of return, the company's managers should accept this project.
For the second project, the MIRR is 6.70%, assuming Jamison's desired rate of return is 7.00%.
As this MIRR is less than Jamison's desired rate of return, the company's managers should not accept this project.
To know more about cash flows, refer here:
brainly.com/question/17094495#
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