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2 years ago

M1 is comprised of currency held outside banks + traveler’s checks + __________.

1 answer:

5 0

<span>M1 is comprised of currency held outside banks + traveler’s checks + Checkable Deposits
Checkable deposits are a bank account which contain the amount of fund that you could use to write a check. In most cases, as long as the amount is sufficient, there is no restriction or limitation for this account</span>

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You want to invest $20,000 today to accumulate $32,000 for graduate school. If you can invest at an interest rate of 10% compoun

uranmaximum [27]

Answer:

N = 5 years

Explanation:

At first we have to calculate the number of periods to determine at which part of the table we should look at.

Given,

PV = $20,000

FV = $32,000

Interest rate, i = 0.10 (10%)

Number of periods, n = ?

We know, Future value, FV = PV × $(1+i)^{n}$

or, $32,000 = $20,000 × $(1 + 0.10)^{n}$

or, 1.6 = $1.10^{n}$

As the factor is 1.6, we will look at the following image which is the FV factor table to find the number of periods.

We can find it in a different way too.

log 1.6 = n log 1.10

or, n = $\frac{log 1.6}{log 1.10}$

or, n = 4.93 years

Therefore, n = 5 years

8 0

3 years ago

A company reported total equity of $161,000 at the beginning of the year. The company reported $226,000 in revenues and $173,000

Bond [772]

Answer:

$314,000

Explanation:

The computation of total assets is shown below:-

Total equity = $161,000

Revenue = $226,000

Expenses = $173,000

Liabilities at the end of the year = $100,000

Income of the year = $226,000 - $173,000

= $53,000

Total assets of the company at the end of the year = (Total Stock Holders Equity) + Total Liabilities

=(Total equity at the beginning of the year + Income for the year ) + Liabilities at the end of the year

= $161,000 + $53,000 + $100,000

= $314,000

3 0

3 years ago

PLEASE HELP NOW I NEED IT ASAP

eimsori [14]

Answer:

Stock: 64%

Mutual Fund: 15%

Bond: 11%

Savings Account: 10%

Explanation: Out of 100% we have 64%, 15%, 11%, and 10%. We are being asked to place these percentages to different categories based on Chris's investment to minimize the risk of his portfolio. To know what percentage to assign what category, we simply take a look at each category and determine each worth. The Stock has higher risk and higher growth, so the percentage should be the highest one which is 64%. The Mutual fund has a medium growth and a medium risk, so it should have the medium percentage which is 15%. The bond has a low growth and a low risk, which should have a low percentage but not the lowest which is 11%. Savings Account has the lowest growth and lowest risk, which should have the lowest percentage.

I am not 100% sure if it's correct, I am about 90% sure its correct. If I am wrong please make sure to comment on that.

Your Welcome,

-Expert Chicken Sama

3 0

3 years ago

Amanda owns a home with a $400,000 replacement value. This January, a snowstorm causes $75,000 in damages to the home. Amanda ha

IrinaK [193]

Answer:

Insurer will pay to Amanda $69312.50

Explanation:

As we know that Amanda home replacement value which means the (Property value) is $400,000 and Amanda carries a coverage of amount $300,000 which is her policy limit. Her policy has 80% of coinsurance and snow storm causes a damage of amount $75,000. She has the $1,000 deductible in her policy.

80% of the 400,000 = 320,000

Amanda should have $320,000 but carries the insurance coverage $300,000

So she will get 300,000/320,000= 0.9375

In this scenario as the damage amount is $75,000 she will get $75,000 x 0.9375 which is equal to $70,312.50

Since the deductible amount of her policy is $ 1000 Which will therefore be deducted

Hence $70312.50 - $1000 = $69312.50

Amanda will get $69312.50

7 0

3 years ago

Greg is the CEO of a leading company in the consumer packaged goods industry. He is trying to grow his company for personal gain

Lilit [14]

Answer: Over-diversification

Explanation:

According to the given question, the Over-diversification is one of the concept in the business in which the an organization make a large number of investment of the different types of asset where the expectation of the marginal cost become high.

Greg is one of the leading company CEO and for the growth of the company he has decided for acquiring some small chemical firms for increase the productivity but the shareholder are not happy with this due to the over-diversification concept.

The over-diversification also increase the risk in the investment process but there is always high possibility of marginal benefit in the business. Therefore, Over-diversification is the correct answer.

3 0

3 years ago