Answer:
It will take 50 months to complete the payment on his entire balance
Explanation:
We have to solve for n in an annuity:
C $20.00
time n
rate (0.1524 / 12 months per year) 0.00127
PV $969.1600
Now, we use logarithmics properties to get the answer:
[tex]-n= \frac{log0.93845834}{log(1+0.00127)
n = 50.044991
Answer:
The amount of cash paid to suppliers of merchandise during the reporting period is $31
Explanation:
Inventory beginning balance is $90, ending balance is $93
Account payables beginning balance is $14, ending balance is $16
Cost of goods sold is $30
Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.
Therefore Purchases = Cost of Sales - Beginning Inventory + Ending Inventory
Purchases = 30-90+93 = 33
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In the Accounts Payable Account
Opening balance and Credit purchases are on the credit side, while payment to suppliers and closing balance are on the debit side
Therefore: Opening balance + Purchases during the period = Payments during the period + closing balance.
Hence: 14+33= payments during the period + 16
Payments during the period = 14+33 - 16 = $31
An 'easy money policy is a monetary policy that increases the money supply usually by lowering interest rates. It occurs when a country's central bank decides to allow new cash flows into the banking system.
Answer:
e. Stocks can have negative growth rates.
Explanation:
According to the given options, the option e is correct as the growth rate could never be zero and positive as it is not necessary that the growth rate should be same or constant
But in the other cases the things can be changed like the stock could assigned to more than one dividend growth rate, etc
Therefore the option e is correct
A budget isn’t an expense, nor is a new computer rather an asset
