Answer:
The value of the initial deposit = $1269
Explanation:
Given - Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily.
To find - If the account was opened 9 years ago, what was the value of the initial deposit
Proof -
We know that,
If the interest rate is compounded n times per year at an annual rate r, the present value of a A dollars payable t years from now is:

Here,
A = 1723.57
r = 3.4% = 0.034
n = 365 (because it is compounded daily )
t = 9
So,
we get

= 1723.57(1.000093151)⁻³²⁸⁵
= 1723.57(0.736396351)
= 1269.23066 ≈ $1269
∴ we get
The value of the initial deposit = $1269
Answer:
Capital budgeting is the process "of making capital expenditure decisions"
Explanation:
Capital budgeting is a planning process employed by a firm's management to evaluate if embarking on long-term investments (like purchase of a new machinery, replacement of old non-current assets, new product line, etc) are viable and profitable.
Decisions made by management must be informed decisions and one of the ways in which an investment decision can be evaluated to check if it is worthwhile is the capital budgeting process
Answer:
What to produce?
Explanation:
What to produce?
Due to the fact that resources are scarce, a producer has to decide what he wants to produce.
In the question above, the consumer has decided to produce consumer goods.
How to produce?
The producer has to decide on the optimal production method to employ. It has to decide whether a labour or technology intensive production method would be better .
For whom to produce?
A producer has to answer this question in order to be able tailor his product to perfectly suit his target customers. The producer has to decide if to produce for young people, middle aged people or the elderly or sell to the poor or rich.
I hope my answer helps you
Answer:
$0
Explanation:
Given that,
Total revenues = $4,000,000
Cost of goods sold = $3,500,000
Depreciation expense = $500,000
Interest expense = $120,000
Earnings before interest and taxes (EBIT):
= Total revenues - Cost of goods sold - Depreciation expense
= $4,000,000 - $3,500,000 - $500,000
= $0
Therefore, the EBIT for a firm is $0.
You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.
A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.
<h2>Further Explanation</h2>
The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.
If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.
This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.
However, you will be required to provide your social security number in the following scenarios:
- When you need to apply for a federal loan
- When you need to apply for some kinds of public assistance
- When renting a car
- When you enroll in Medicare
- When you need to get a driver’s license and many more
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KEYWORDS:
- renting a car
- medicare
- social security number
- federal loan
- nine digits