For questions 1-10, fill in the blank with the letter of the term that best matches the description. 25 points!me
a. fixed costs
b. apr
c. savings
d. budget
e. income potential
f. apy
g. refinancing
h. withdraw
i. cash reserves
j. cost of living

1.abbreviation of annual percentage rate, the interest rate applied annually to a loan or a credit card balance

2.abbreviation of annual precentage yield, the rate of return earned in the course of one whole year, taking compounding into account, expressed as a percentage

3.cash and other liquid assets such as demand deposits or treasury bills that an individual possesses

4.an expense that does not vary from one time period to the next

5.to obtain a new loan for something on different terms, often involving the paying off of an existing high-interest loan by means of a new, lower-interest one

6.money set aside for future use

7.to take money out of an account

8.to plan the allocation, expenditure, or use of money

9.the amount of money spent on food, clothing, accommodation, and other basic necessities

10.the amount of money that is anticipated to be received over a period of time, either as payment for work, goods, or services, or as profit on capital

Which change is illustrated by the shift taking place on this graph? an increase in demanda decrease in demandan increase in supplya decrease in supply

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Kelso electric is debating between a leveraged and an unleveraged capital structure. the all equity capital structure would consist of 40,000 shares of stock. the debt and equity option would consist of 25,000 shares of stock plus $280,000 of debt with an interest rate of 7 percent. what is the break-even level of earnings before interest and taxes between these two options?