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2 years ago

How to calculate a trial balance

Business

1 answer:

zhannawk [14.2K]2 years ago

5 0

Answer:

Here is the answer

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A transaction in which things of value are traded by buyers and sellers

cluponka [151]

<span>Barter. Things of value are directly exchanged between a buyer and a seller without the involvement of money or other financial instruments. It is the simplest and oldest form of trade where a transaction is merely an exchange of one thing for another.</span>

3 0

2 years ago

You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make 25 deposits in your bank, w

Rom4ik [11]

Answer:

First deposit will be $11,213.87

Explanation:

To derive how much the first deposit must be, the deposit can be derived by using payment formula for growing annuity

P = FV x (r - g) / [(1 + r)^n - (1 + g)^n]

When FV = $1,000,000

r = 7%

g = 3%

n = 25

Hence, First payment will be:

P = 1,000,000 * (7% - 3%) / (1.07^25 - 1.03^25)

P = 1,000,000 * 4% / 5.427433 - 2.093778

P = 40,000 / 3.333655

P = 11998.842

P = $11,998.84

However, this formula is applicable when the payments are made at the end of the year. In this case the payments are upfront, occurring today. We need to adjust this first payment to reflect the early payment.

Hence, first payment = $11,998.84 / (1 + 7%)

First payment = $11,998.84 / (1 + 0.07)

First payment = $11,998.84 / 1.07

First payment = 11213.8691588785

First payment = $11,213.87

7 0

3 years ago

The goals of Macroeconomics relate to the ______________ to achieve a balanced higher standard of living for a nation.

Setler79 [48]

Answer: Optimization of resource allocation

Explanation: Macroeconomics, in simple words, refers to the study of economy as whole. It focuses on factors, the impact of which is high on economy such as interest rates and national productivity.

One of many concerns that macroeconomics deals with is optimization of resource allocation, which means using resources in that sector which gives the best results and maximum profit to the economy.

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3 years ago

When an investment bank ________ securities, it guarantees a price for a corporation's securities and then sells them to the pub

ankoles [38]

When investment banks underwrite securities, they guarantee the value of the company's securities before selling them to the public.

Investment securities are a class of securities (transferable financial assets such as stocks and bonds) that are purchased for the purpose of being held for investment purposes.

When an investment bank and a company reach an agreement to underwrite (also known as a firm commitment), the investment bank purchases new securities at an agreed price and sells the securities generally at a premium to cover all costs. We will resell. They include costs associated with the sale.

There are four main types of securities. Bonds, equities, derivative securities, and hybrid securities that combine bonds and equities.

Learn more about investment bank at

brainly.com/question/25787830

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6 0

1 year ago

If GDP exceeds aggregate expenditures in a private closed economy:________

zhenek [66]

Answer:

The answer is letter B.

Explanation:

Planned investment will exceed saving

5 0

2 years ago

How to calculate a trial balance​

How to calculate a trial balance