Answer:
The account will be worth $1,485,054.43 at the age of 18.
Explanation:
Giving the following information:
Lump sum= 120,000
Number of years= 18
Annual interest= 15%
To calculate the final value of the investment, we need to use the following formula:
FV= PV*(1+i)^n
FV= 120,000*(1.15^18)= $1,485,054.43
The account will be worth $1,485,054.43 at the age of 18.
Answer:
<u>A</u>
<u>Explanation</u>:
Remember, in economics the term equilibrium implies that this terms
- price and,
- quantity demanded
<u>are all equal or in a state of stability.</u>
Therefore, the stock in such an equilibrium market would yield it expected returns since there are no external factors such as increase in price that could affect the value.
Answer:
the direct quote from U.S. perspective is 1 Euro is $1.25
Explanation:
The computation of the direct quote from the U.S perspective is
Given that
Euro 0.80 = $1
Now
1 Euro = 1 ÷ 0.80 $
So,
1 Euro = $1.25
Hence, the direct quote from U.S. perspective is 1 Euro is $1.25
Answer:
$12.90
Explanation:
Relevant data provided as per the question below:-
Actual manufacturing overhead = $204,900
Underapplied = $11,400
Number of hours = 15,000
As per the given question the solution of predetermined overhead rate is provided below:-
=
= $12.90
So, we have calculated the predetermined overhead rate by using the above formula.
Answer: China was making up figures
Explanation:
This question is based on the documentary film, ''The End of the Line'' which was done on the effects of fishing worldwide. In 2001, records showed that local stocks of fish were down around the world yet worldwide figures were increasing at a record rate.
The United Nations hired someone to investigate this and what he found was that Communist China was inflating the amount of fish they were harvesting so that they could look more efficient.