Answer:
e. Project X has both a higher present value and a higher future value than Project Y.
Explanation:
The project X cash flows are higher in initial years than of project Y. The present value of project X cash flows will be greater than project Y. The time value of money of project X will be greater than Project Y.
The future value of Project X will also be higher than project Y because it has higher cash flows in earlier years. When future value will be calculated the project X will give the higher Future value than project Y.
Answer:
$20 will be recorded as the 2018 expenditure.
Explanation:
In this case, $500 is the remaining in the General Fund for 2017 fiscal year in encumbrances that remained opened into fiscal year 2018.
In 2018, since encumbered goods were received at an invoiced cost of $520, $20 will be recorded as the 2018 expenditure after deducting the carry-forward of 2017 encumbered fund balances of 2017.
First balances carry-forwarded are utilized and then the funds allocated to the General fund for the current fiscal i.e 2018 is utilized. Hence the actual amount that would be recorded as the 2018 expenditure will be $520 - $500 carry forward from 2017 = $20.
Answer:
b. surpluses of the commodity will develop.
Explanation:
The equilibrium price is the intersection of the demand and supply curve. At this price, the quantity demanded matches the quantity supplied. There are surplus or shortages in the market.
When the price is set above the equilibrium point, it means the product or service will be too expensive for many buyers to afford. A high price results in reduced demand. If supply is constant, and the demand has declined, the market will experience a surplus of that commodity. Should the price go below the equilibrium point, there would be an increase in demand, causing a shortage of that product.
<span>The consumer price index would change in concert with the real value of the income that the consumer has. In this case, the nominal value is 80,000 with a real value of only 71,500. Taking these two values and dividing them gives a quotient of 1.118, which is rounded up to 1.12, multiplied by 100 to give a CPI of 112.</span>
Solution: 75 pounds of the earl grey tea and 25 pounds of the orange pekoe tea.
Method:
Let x = number of pounds of the earl grey tea
$5x + $3(100lbs - x) = $4.50 * 100lbs
5x + 300 - 3x = 450
2x = 150
x = 75
Number of pounds of the orange pekoe tea = 100 - 75 = 25
