Home / Questions / Historically, usury laws that put below-equilibrium ceilings on interest rates have been
Historically, usury laws that put below-equilibrium ceilings on interest rates have been used by some states to make credit available to poor people who could not otherwise afford to borrow. Critics contend that poor people are those most likely to be hurt by such laws. Which view is correct?
10. How do the concepts of accounting profit and economic profit differ? Why is economic profit smaller than accounting profit? What are the three basic sources of economic profit? Classify each of the following according to those sources:
a. A firm’s profit from developing and patenting a new medication that greatly reduces cholesterol and thus diminishes the likelihood of heart disease and stroke.
b. A restaurant’s profit that results from the completion of a new highway past its door.
c. The profit received by a firm due to an unanticipated change in consumer tastes.
Dec 05 2019 View more View Less
The angular velocity of the scoop is 1.0rad/s clockwise. Determine the rate at which the hydraulic actuator AB is extending.2. The angular acceleration of the scoop in Pr...Jun 16 2020
Assume that you own an annuity that will pay you $12,000 per year for 12 years, with the first payment being made today. You need money today to start a new business, and...May 22 2020
Mark, the director of HR for a large professional services firm, wishes to do a job analysis of the professional jobs in the firm. Which method would the employees find M...Dec 13 2019
Sun Bank USA has purchased a 16 million one-year Australian dollar loan that pays 13 percent interest annually. The spot rate of U.S. dollars for Australian dollars is $0...Jun 22 2020
Samson Company has about 5% of its total assets in current assets with the remainder invested in fixed assets. Based only on this information, one would expect this firm ...Dec 25 2019
Below are the forcasted gross margin for company A's foreign subsidiary, you are forcasting 25% devaluation of the local currency, calculate the subsidiary's local exposu...Jun 08 2021
On March 1, the Hoboken Corporation had cash of $33,000,supplies of $7,800, and accounts payable of $5,700. During March,the Corporation engaged in many events, including...Mar 23 2020
Which of the following is a possible use of conversion-based investigation techniques?a. Searching public records to trace purchases of assets and payments of liabilities...Aug 15 2021
You hold a portfolio with the following securities: Security Percent of portfolio Return Stock A 51% -6.1% Stock B 16% 7.6% Stock C Please calculate it 7.9% Calculate the...Apr 03 2020
Which statement(s) about enthalpy is true about bond enthalpy?a. The bond energy for a triple bond between A and B is three times of a single bond between Aand B.b. for...Jul 28 2021