Hello!
The answer is
C. How much a currency is worth when it's exchanged with another country's currency.
Good luck!
Answer:
2. more assets are debt financed
3. the ratio of debt to equity increases
Explanation:
We know
The formula of the debt ratio is presented below:
Debt ratio = Total debt ÷ Total assets
where,
Total debt would be
= Current liabilities + Long term debt
And the total assets = Total debt + owner's equity
So, if the debt ratio is increased so it impacted the more assets for debt-financed plus the debt to equity ratio is also increased.
APR.
If you don' pay off your balance every month, you will pay interest on the remaining amount. The amount of interest is the APR, annual percentage rate. So, if you are going to be paying interest you want to make sure this rate is as low as possible!
Answer:
Bank Reconciliation
Bank Statement Balance 10,555
Add: June 30 Deposit <u> 2,856</u>
13,411
Less: Outstanding Checks <u> (1,829)</u>
Adjusted bank balance $11,582
Bank Reconciliation
Book Balance 11,589
Add: Error in Check 919 (479 - 467) <u> 9</u>
11,598
Less: Bank service charge <u> ( 16)</u>
Adjusted book balance 11,582
Answer:
Here we need to find the length of an annuity. We know the interest rate, the PV, and the payments. Using the PVA equation:
PVA =C({1 – [1/(1 +r)t]} /r)
$14,500 = $500{[1 – (1/1.0155)t] / 0.0155}
Now we solve for t:
1/1.0155t = 1 − {[($14,500)/($500)](0.0155)}
1/1.0155t= 0.5505
1.0155t= 1/(0.5505) = 1.817
t = ln 1.817 / ln 1.0155 = 38.83 months
<u>Account will be paid off in 38.83 months.</u>
