Answer: 24 months
Explanation:
The law of the state allows for periods more than 24 months, a 2 years of conversion privilege is required by federal law.
Answer: Varies directly with nominal Gross Domestic Product (GDP).
Explanation:
The Transactions Demand for money refers to money that is kept by individuals, companies and even the Government to be able to purchase goods and services.
It varies directly with Nominal GDP because Nominal GDP includes inflation.
If Nominal GDP were to rise for instance, it would mean that Inflation has risen as well which means that people would need more money to be able to buy the now more expensive goods and services. This is an increase in Transactions Demand for money.
The reverse holds true signifying indeed that Transactions Demand for money varies with Nominal GDP.
Answer:
6.383%
Explanation:
Calculation for the What is the yield to maturity
Using this formula
YTM=n√Face value/Bond price -1
Where,
n=one-year
Face value=10,000
Bond price=9,400
Let plug in the formula
YTM=1√10,000/9,400−1
YTM=1.06383-1
YTM=0.06383*100
YTM=6.383%
Therefore the yield to maturity will be 6.383%
Answer:
O D $0
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Since the land is worthless, there is no next best use of the land. Thus, its opportunity cost is zero.
I hope my answer helps you
Answer:
187,500 units.
Explanation:
Fixed cost= $750,000
Variable cost= $2
Price= $6
To calculate the break-even quantity, we use the formula
Break even= Fixed cost ÷ (Price - Variable cost)
Let's input the values of each
$750,000/($6 - $2)
= $750, 000/ $4
= 187,500 units.
Therefore the break even is 187,500 units.