The classified balance sheet will show which asset subsections?
b. current assets and property, plant, and equipment
Assests are divided into current assets and PPE, Thus there are going to be 2 sections in assets sides.
Answer:
Commercial banks are for-profit and credit unions are not-for-profit.
Answer:
D
Explanation:
To get it out of your way
Answer:
$25,650
Explanation:
The formula for calculating the future value of an annuity is:
F = P x ([1 + I]^N - 1 ) / I
where:
- P = payment amount = $1,000
- I = interest rate = 4%
- N = number of payments = 18
F = $1,000 x ([1 + 4%]^18 - 1 ) / 4% = $1,000 x (1.04^18 - 1 ) / 4% = $1,000 x (2.026 - 1 ) / 4% = $1,000 x 1.026 / 4% = $25,650
Answer:
3%
Explanation:
real interest rate ≈ nomial interest rate - inflation
ratereal interest rate ≈ 6 - 3 ≈ 3%
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