Answer: B) Revenues minus expenses over an accounting period.
Explanation:
The Income statement lets the business know how much profit it made from its operations during the year.
It lists the revenue that was earned and then deducts all expenses that were incurred from that revenue including taxes and interest payment and then presents the net income/loss.
The first option refers to the Cashflow statement.
Answer: Straight line PPF, Opportunity cost is constant.
Explanation:
The PPF for Sweden is downward sloping straight line which depicts that the resources that are used in the production of these two goods are not specialized and the same set of resources is equally useful in producing both smartphones and tablets. Thus, Sweden's opportunity cost of producing more smartphones and fewer tablets should remain constant.
Answer:
The actual effective annual rate is <u>3.33%</u>.
Explanation:
Effective Annual Rate (EAR) refers to an interest rate has been adjusted for compounding over specified period of time.
Effective annual rate can therefore be described as the interest rate that paid to an investor in a year after compounding has been adjusted for.
Effective annual rate can be computed using the following formula:
EAR = [(1 + (i / n))^n] - 1 .............................(1)
Where;
i = Annual interest rate claimed by the dealer = 3.28%, or 0.0328
n = Number of compounding periods or months = 12
Substituting the values into equation (1), we have:
EAR = [(1 + (0.0328 / 12))^12] - 1 = 0.0332976137123635
EAR = 0.0333, or 3.33% approximately.
Therefore, the actual effective annual rate is <u>3.33%</u>.
The answer is <u>"B. Your payments will have gone mostly towards paying interest and you will still owe the majority of the balance that you had from a year ago."</u>
At the point when this happen your profile would be appear as monetarily hazardous by other money related foundation in the market.
This would make your credit score to tumble down, and would make it extremely hard for you to acquire some other type of advance later on.
When you make just the minimum installment on your credit card, you're giving yourself impermanent help. But on the other hand you're focusing on paying more in intrigue charges later. That exchange off can get you into genuine budgetary inconvenience after some time, particularly if your card charges a high interest rate.
Large companies and corporations usually have this kind of method. Company abc gave a common stock<em> </em><em>(also known as common stock) </em>to each and every stockholder in the company. It represents ownership in a corporation. Stock holders are also given the right to vote and chose among themselves the board of directors.
