Answer:
13.17%
Explanation:
Given that;
Net income = $30,955
Asset at the beginning of the year = $212,000
Asset at the end of the year = $258,000
Return on assets = Net income / Average total assets
But,
Average total assets = (Assets at the beginning of the year + Assets at the end of the year ) / 2
Average total assets = ($212,000 + $258,000) / 2
Average total assets = $235,000
Therefore,
Return on assets = ($30,955 / $235,000) × 100
Return on assets = 13.17%
The total amount accrued, principal plus interest, with compound interest on a principal of $400.00 at a rate of 12% per year compounded 4 times per year over 8 years is $1,030.03.
<h3>What is
compound interest ?</h3>
Compound interest is the addition of interest to the principal sum of a loan or deposit, or interest on interest plus interest.
Compound interest is when you earn interest on both your savings and your interest earnings. Assume you invest $1,000 (your principal) and earn 5% (interest rate or earnings) once a year (the compounding frequency).
Compound interest works by adding accumulated interest to your principal (the amount you put into the savings account), which then begins earning interest. Essentially, your interest begins to earn its own interest.
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Answer:
The correct answer is false.
Explanation:
The dot product or dot product of two vectors is a real number that results from multiplying the product of their modules by the cosine of the angle they form.
Answer:
a. globalization.
Explanation:
Global economy refers to the viewing economies of all countries as a single economy. In recent years, economies of multiple countries are increasingly becoming interconnected and dependent on each other. Globalization describes the increased interactions and interdependence between multiple countries.
Advancement in technology and infrastructure development has facilitated the easy and faster movement of people, technology, ideas, goods, and services across borders. Consequently, international trade and social interactions have increased, making the world appear as one big economy. This connection between countries' economies is globalization.
Answer:
A policy instrument (variable directly under the control of policy makers)
Explanation:
The Fed's discount rate is a monetary policy tool used to expand or contract the money supply.
When the Fed lowers the discount rate, it is engaging in an expansionary monetary policy which will increase the money supply, lower interest rates and increase total aggregate demand.
When the Fed raises the discount rate, it is engaging in a contractionary monetary policy which will decrease the money supply, increase interest rates and fight rising inflation.