Answer:
D. All of the above
Explanation:
Saving means setting funds that you don’t want to spend now for future purposes. On the other hand, investing has to do with the purchase of assets such as stocks, real estates, bonds etc. Investment in most cases makes more money for an individual, in that it generates interest at the long run.
Therefore all the reasons listed i.e (1. need for funds to meet emergencies 2. retirement income 3. desire to leave an estate for children ) are all reasons for saving and investments
Answer
b.$0 SE tax; $90,000 NII tax.
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Growth rate of GDP from 2010 to 2011 = 7.0%
Explanation:
The percentage rate of change (R.C) formula is:
R.C= ((Final value-Initial value)/ Initial value)*100
In this case the initial value corresponds to the GDP in 2010 and the final value corresponds to the GDP in 2011, if we apply the formula:
Rate of change (GDP) = (($11,934-$11,150)/ $11,150)*100
Rate of change (GDP) = 7.0%
Answer:
$14,426
Explanation:
The balance on the inventory account on January 31 will be computed as follows:
Opening balance = $13,463
Wool purchase = + $12,481
Cotton purchase = + $15,327
Freight charges = + $312
Cotton discount = - $153
Polyester returns = - $1,722
Wool used = - $8,318
<u>Cotton used = - $16,964</u>
<em><u>Balance Jan 31 = $14,426</u></em>