Answer:
True, but it rarely works well.
Explanation:
The most recent and largest failure by the International Monetary Fund (IMF) has just happened in Argentina, where the government received over $50 billion in loans that it is unable to pay. The IMF has never been successful in any country where it has helped to develop a new economic plan. Ironically, some Nobel prize winners (including Joseph Stiglitz) tell countries to do exactly the opposite to what the IMF tells them to do, and that has worked much better.
On the other hand, the World Bank has had some limited success in South American countries like Bolivia and Uruguay, specially with helping to develop new industries or expand existing ones. In Bolivia it helped to develop a new agricultural plan that improved the economy of the Santa Cruz region a lot, and it is one of its major economic successes. In Uruguay it financed new projects related to paper businesses that increased the nations GDP by almost 10%.
This is the reason why the IMF has such a bad rep while the World Bank is still seen as a valid option for financing large investment projects.
Answer:
$12500
Explanation:
Since the beginning balance of accumulated depreciation - equipment is $10 000
And an adjusting journal entry during the year was $2500
You must add the adjusting journal entry to the begging balance to get the closing balance of Accumulated Depreciation - equipment:
10000+2500=$12500
When one keeps paying only the minimum amount, they will find getting out of debt harder because:
- More interest will accrue on the balance left
When a person pays the minimum balance that they are supposed to pay on a loan, they will be leaving a larger portion of money to be paid back.
This amount will accumulate interest such that the debt will keep increasing because the interest needs to be paid back as well.
In order to get out of debt faster, it is recommended that you pay higher than the minimum because this would reduce the amount that interest is charged on which means that you would owe less interest.
In conclusion, paying the minimum balance leads to more interest accumulating which makes getting out of debt difficult.
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Answer:
Profit
Explanation:
Profit goals is very essential in business in order to meet the set target. It is important to set a profit goals under to have a good returns for the business as well as the investors involved, it gives an insight to device the best strategy for great returns financially. theoretically, profit goals= summation of all sales / Units of sales
It should be noted that Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set profit goals.
