Answer:
A. Enter one of your purchase goals.
Goal: I will buy a laptop after I graduate high school to start writing books.
B. How much does this cost?
Cost: $999.00
C. How much money do you currently have saved?
Money currently saved: $270.00
D. How much more do you need to reach you goal?
Money needed to reach goal: $730.00
E. List some steps you can take this year to help you save toward this goal.
After I graduate from high school I would get a job to start saving money.
F. List some steps you can take next year to save toward this goal.
Next year I will deposit $50 per month into my savings account to reach my goal.
Explanation:
Answer: The saving rate is 0.30
Explanation:
The Golden Rule savings rate is referred to as the rate of savings which maximizes steady state level or growth of consumption.
Let k be the capital/labour ratio (i.e., capital per capita), y be the resulting per capita output ( y = f(k) ), and s be the savings rate. The steady state is referred to as a situation in which per capita output is unchanging, which implies that k be constant. This requires that the amount of saved output be exactly what is needed to one quip any additional workers and two replace any worn out capital.
In a steady state, therefore: sf(k)=(n+d)k
Growth rate of output =3%
Depreciation rate= 4%
Capital output ratio is (K/Y)
= 2.5
Begin the steady state condition:
S= ( σ + n + g) (k/Y)
S= (0.03+0.04) (2.5)
S= 0.175
Golden rule steady state
MPK= (0.03+0.04)= 0.07
Capital output ratio=
K/Y= Capital share / MPK
K/Y= 0.3/0.07
K/Y= 4.29
In the golden state, the capital output ratio is equal to 4.29 in comparison to the current capital ratio 2.5.
The saving rate consistent with the steady growth rate
S= ( σ + n + g) (k/Y)
S= (0.03 +0.04) (4.29)
S= 0.30
The saving rate that is consistent with the steady growth rate is 0.30
Answer:
A) exchanging partial ownership in a firm
Explanation:
Equity is the basic source of fund for any corporation, it the most initial phase in which equity is issued in exchange of a share of ownership in the company. For this the equity holder pays money to the company.
In this manner there is an ownership distributed for the share of money needed by the company.
This does not involve any statutory return payment on behalf of company in later future. As against it in case of loan, it needs to be repaid.
Equity form of funds do not demand any repayment.
Answer:
D- All of the above
Explanation:
Edg. 2021, took the test and got 100 percent
Answer:
Notes payable; $10,000
Explanation:
Given that,
Borrowing amount = $10,000
Time period = 60 day
Interest rate = 8%
On the due date of the note, avers co. paid the amount.
Therefore, this entry would be recorded by Avers with a debit to Notes payable with an amount of $10,000.
Interest amount = $10,000 × (60 ÷ 360) × 0.08
= $10,000 × 0.17 × 0.08
= $136
(Note: Assuming 360 days in a year)
Therefore, the Journal entry is as follows:
Notes payable A/c Dr. $10,000
Interest Expense A/c Dr. $136
To cash $10,136
(To record Avers pays the amount due in full)
