Answer:
b. $524.94
Explanation:
We need to solve for the PTM of a 6 year annuity with quarterly payment discount for 6.25% compounding quarterly as well:
PV $10,438.8800
time 24 (6 years x 4 quarter per year)
rate 0.015625 8 ( 0.0625 / 4 )
The payment every quarter will be for:
PTM $ 524.942
Answer:
Rules and policies implemented in an organization need to be followed by all the employees. If any employee lacks compliance it could result in negative impact to business activities.
Explanation:
If an employee is hired as IT professional in the company, he is given rules and guidelines in his induction and orientation. These are to be followed by him in any case. If the new employee faces a situation in which some colleague ask him to give password to the restricted files he should immediately deny for doing so. If he gives the password the files can be altered and company data may be haccked.
Answer: Law of diminishing marginal utility
Explanation: In simple words, law of diminishing marginal utility states that as a consumer consume more of a good or service then the marginal benefit he or she receives from the additional consumption keeps on decreasing.
In the given case, Jenny's excitement keeps on decreasing with every chocolate she receives after a certain point of time.
Hence we can conclude that the given case illustrates law of diminishing marginal utility.
Answer:
D. Debit a Stockholders' account for $800
Explanation:
In this question we use the accounting equation i.e shown below:
Total assets = Total liabilities + Total stockholder equity
where,
Debited Total assets = $1,300
Credited Total liabilities = $500
So, the total stockholder equity is
= $1,300 - $500
= $800
So, the incorrect way is to debit a stockholder equity for $800
Answer: (A) The velocity of money increased this year
Explanation:
First of all, the question says: "which of the following can be most reasonably inferred from THE ABOVE INFORMATION?"
"Above information" here refers to:
"Inflation rate turned out to exceed 4% in the current year, DESPITE Real GDP growth being at the estimated level of 2% AND money supply growth being at the restricted level of 6%"
So why did inflation growth rate still exceed money supply growth rate and real GDP growth rate?
Answer: the velocity of money increased in the current year. Velocity of money is the speed with which money is exchanged in the economy. The fact that the real value of this currency has dropped significantly (due to significant rise in inflation) made individuals lose interest in having a bulk of the currency. Hence, they quickly spend it once it gets to their hands (e.g. as disposable income) and this in turn causes inflation rate to rise.
