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4 years ago

Why are healthy individual finances important to the Economy in North America?

1 answer:

8 0

The answer to this question is <span>if you were to get laid off your job you would cut back your spending which influences the economy and local businesses.
By doing this, you will always have some sort of safety net in case anything bad happened to your main source of income (such as getting cheated by your co-workers, bad economic conditions on nation-scale, your corporation is beaten up by the competitors, etc)</span>

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On November 1, 2016, Cullumber Company places a new asset into service. The cost of the asset is $78500 with an estimated 10-yea

MrRissso [65]

Answer:

$7,000

Explanation:

Depreciation: The depreciation is an expense that shows a reduction in the value of the fixed assets due to tear and wear, obsolesce, usage, time period, etc. It is shown on the debit side of the income statement. It is a non-cash item that does not affect the cash balance.

The computation of the depreciation expense for 2017 is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($78,500 - $8,500) ÷ (10 years)

= ($70,000) ÷ (10 years)

= $7,000

In this method, the depreciation is same for all the remaining useful life

3 0

3 years ago

a psychologist gives the same test to a client twice. the tests are separated by six days. if the test results are quite dissim

Lena [83]

a) Internal consistency

Explanation:

The consistency of different items meant to measure the same thing within the test. An internal consistency contains a special case of reliability to split half, the scores of two halves of a single test are compared. This comparison of two tests tends to index reliability.

3 0

3 years ago

Morrison and Greene have decided to form a partnership. They have agreed that Morrison is to invest $150,000 and that Greene is

Gekata [30.6K]

Answer:

1) net income = $115,000

a) Morrison receives $57,500

Greene receives $57,500

b) Morrison receives $86,250

Greene receives $28,750

c) Morrison receives $38,333

Greene receives $76,667

d) Morrison receives ($150,000 x 6%) + $51,500 = $60,500

Greene receives ($50,000 x 6%) + $51,500 = $54,500

e) Morrison receives $3,750 + $40,000 = $43,750

Greene receives $1,250 + $70,000 = $71,250

f) Morrison receives $3,750 + $40,000 = $43,750

Greene receives $1,250 + $70,000 = $71,250

2) net income = $200,000

a) Morrison receives $100,000

Greene receives $100,000

b) Morrison receives $150,000

Greene receives $50,000

c) Morrison receives $66,667

Greene receives $133,333

d) Morrison receives $9,000 + $94,000 = $101,000

Greene receives $3,000 + $94,000 = $97,000

e) Morrison receives $9,000 + $40,000 + $39,000 = $88,000

Greene receives $3,000 + $70,000 + $39,000 = $112,000

f) Morrison receives $9,000 + $40,000 + $30,000 = $79,000

Greene receives $3,000 + $70,000 + $18,000 + $30,000 = $121,000

8 0

3 years ago

Which of the following impacts your body language and how others may perceive you?

dimulka [17.4K]

Eye contact

Face expression

Movement

Posture

3 0

3 years ago

Read 2 more answers

At the end of every 3 months, Teresa deposits into an account that pays 5% compounded quarterly. After she puts the accumulated

NikAS [45]

Answer:

The amount Teresa will have accumulated when this certificate matures is $2,452.16.

Explanation:

Note: This question is not complete as some important data are omitted. The complete question is therefore provided before answering the question as follows:

At the end of every 3 months, Rita deposits $100 into an account that pays 5% compounded quarterly. After 5 years, she puts the accumulated amount into a certificate of deposit paying 8.5% compounded semiannually for 1 year. When this certificate matures, how much will Teresa have accumulated?

The explanation of the answers is now provided as follows:

Step 1: Calculation of accumulated amount after 5 years.

Since the deposits are paid at the end of every 3 months, the accumulated amount after 5 years can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV5 = P * (((1 + r1)^n1 - 1) / r) ................................. (1)

Where,

FV5 = Future value or accumulated amount after 5 years = ?

P = Quarterly deposit or deposit at the end of every 3 months = $100

r = Quarterly interest rate on the account = Interest rate on the account / Number of quarters in a year = 5% / 4 = 0.05 / 4 = 0.0125

n = number of quarters = 5 years * Number of quarters in a year = 5 * 4 = 20

Substituting the values into equation (1), we have:

FV5 = $100 * (((1 + 0.0125)^20 - 1) / 0.0125) = $2,256.30

Therefore, the accumulated amount after 5 years is $2,256.30.

Step 2: Calculation of the amount Teresa will have accumulated when this certificate matures.

This can be calculated using the simple future value (FV) as follows:

FVM = FV5 * (1 + R)^N ……………………… (2)

FVM = Accumulated amount at maturity = ?

R = semi-annual interest rate on certificate of deposit = Interest rate on certificate of deposit / Number of semiannuals in a year = 8.5% /2 = 0.085 / 2 = 0.0425

N = number of semiannuals = 1 year * Number of semiannuals in a year = 1* 2 = 2

Substituting the values into equation (2), we have:

FVM = $2,256.30 * (1 + 0.0425)^2 = $2,452.16

Therefore, the amount Teresa will have accumulated when this certificate matures is $2,452.16.

3 0

3 years ago