Answer:
$199,576,970,307.56
Explanation:
Given:
Price paid for the island = $24
Annual interest rate, r = 6%
Duration, n = 392 years
Now,
Future value is given as:
Future value = Present value × ( 1 + r )ⁿ
on substituting the respective values, we get
Future value = $24 × ( 1 + 0.06 )³⁹²
or
Future value = $24 × 8315707096.148
or
Future value = $199,576,970,307.56
the correct answer would be d. the stamp collection, the bank account, and the skateboard.
Answer:
A relevant account from the chart of accounts
Explanation:
QuickBooks is an accounting software that is designed to assist users with little accounting experience manage their financial records.
Transactions in QuickBooks are classed as products and services. These are mapped to relevant accounts in the chart of accounts.
For example mapping can be done to asset or liability accounts.
When mapping there are three classes products and services can be mapped to:
-Inventory
-Non inventory
-Services
When setting up new product and service the appropriate class is chosen and relevant account is assigned to the product or service.
For example sales tax is mapped by default to sales tax payable account.
Answer:
d. Private sector through the earning and spending of income.
Explanation:
In economics some major questions producers ask is for whom is production done, and how are output distributed in the economy.
For example ski equipment are produced for those people that practice skiing either as a sport or as a hobby. The particular set of people that use this product is targeted and provided with these goods.
Therefore these questions are answered in the private sector when the consumer earns income and spends it on their needs.
Answer: 6.6%
Explanation:
The Pure Expectations Theory believes that the future long term rate is a reflection of future short term rates.
In terms of a 5 Treasury Security then, the rate of return to be expected is the risk free rate adjusted for inflation.
The Treasury Security has no risk but for inflation risk hence this is all that should be catered for.
Rate of Return on 5 year Treasury Security = Real Risk Free Rate + Inflation Rate
= 2.5% + 4.1%
= 6.6%
