The value of the American dollar would go down drastically. By doing that it would increase the prices of basically anything and everything. It will place our country in an immense debt and could potentially have our country fail.
A sample savings plan for a college student based on the given requirements would be:
- Daily savings: $500
- Weekly savings: $3,500
- Monthly savings: $14,000
- Yearly savings: $168,000
- It would 6 months of saving to get $84,000
<h3>What is a Savings Plan?</h3>
This refers to the financial plan that is made in order to sort a budget and set aside certain amounts of money to fund a particular thing.
Hence, we can see that the useful information to be used is:
(Yearly)
- College fees: $30,000
- Housing: $24,000
- Food: $16,000
- Books: $12,000
- Total: $82,000
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Answer:
c. $7,418
Explanation:
Calculation to determine What was Fei’s Interest Expense on the bond during fiscal year 2012
Using this formula
Interest Expense =Interest payable+Amortization of bonds discount interest expense
Let plug in the morning
Interest Expense=(5%*100,000)+$2,418
Interest Expense=$5,000+$2,418
Interest Expense=$7,418
Therefore Fei’s Interest Expense on the bond during fiscal year 2012 is $7,418
Answer: return on investment
Explanation:
The return on investment is a ratio that exists between the net profit and the cost of that particular investment. It should be noted that a high return on investment simply means that the profit of the investment compare favourably to the cost incurred for that investment.
Some investment opportunities that should be accepted from the viewpoint of the entire company may be rejected by a manager who is evaluated on the basis of return of investment.
Answer:
When something is vague, it is not being specific but when something is ambiguous, it has multiple meanings and so can be open to interpretation.
a. Middle class ⇒ Both VAGUE and AMBIGUOUS
Middle class is non specific because it is used as a blanket term for people or things not in either first or lower class. It also has multiple meanings.
b. Odd number ⇒ NEITHER
c. Gold ⇒ AMBIGUOUS
Gold has several meanings such as being a mineral, medium of exchange or even a color.
d. Bank ⇒ AMBIGUOUS
Bank also has different meanings. It could be a financial institution, land next to water or even a repository for blood.
e. Opportunity ⇒ VAGUE
Opportunity is vague unless the opportunity is described.
f. Jaguar ⇒ AMBIGUOUS
Jaguar has multiple means. It could be a animal or it could be a car.
g. Credit ⇒ AMBIGUOUS
Credit has several meaning as well. It could refer to loans, financial entry, increase in bank account etc.
