Federal reserve notes are the marks on money like the serial number, U.S emblems, and the signatures. They show that the money is an American Dollar.
Answer:
37.25%
Explanation:
Average total common stockholders' equity:
= (Beginning common stockholders' equity + Ending common stockholders' equity) ÷ 2
= ($530,000 + $490,000) ÷ 2
= $510,000
Return on Equity = Net income ÷ Average total common stockholders' equity
= $190,000 ÷ $510,000
= 0.3725
= 37.25%
Answer:
$929.15
Explanation:
In this question,we compare the present value and the difference should be reported in the answer
As we know that
Future value = Present value × (1 + interest rate)^number of years
In the first case
$23,000 = Present value × (1 + 0.11)^15
So, the present value would be
= $23,000 ÷ 1.11^15
= $23,000 ÷ 4.7845894883
= $4,807.099
In the second case
$23,000 = Present value × (1 + 0.097)^15
So, the present value would be
= $23,000 ÷ 1.097^15
= $23,000 ÷ 4.0095848986
= $5,736.25
So, the difference is
= $5,736.25 - $4,807.099
= $929.15