Engenuity said to have
1. Option A is not the best choice, because the monthly payments will be too high.
2. Option B is not a good choice, because it requires too high of an up-front cost, and the mileage restriction might be a problem.
3. Option C is the best choice for my budget, and it will allow me to own a car outright once the loan is repaid.
Answer:
$444,444.44
Explanation:
Larry's life insurance corporation is trying to sell an investment policy that will pay you and your heirs a total amount of $32,000 per year
The required return on this investment is 7.2%
= 7.2/100
= 0.072
Since the cash flow is a perpetuity then, the amount that will be paid for the policy can be calculated as follows
PV= C/r
= $32,000/0.072
= $444,444.44
Hence the amount of money that will be paid for the policy is $444,444.44
Answer:
Insurance $4,800 (debit)
prepaid insurance $4,800 (credit)
Explanation:
In order to find out adjusting entries. firstly, we need to calculate the difference between prepaid insurance account and Insurance account.
That could be done by subtracting $3,550 from $8,350.
Difference = 8350-3550= 4800
<span>"C. Strategies facilitate objectives" This is true because there's a series of objectives that must be completed within any strategy, and the other options can be true however not for every strategy.</span>
Answer:
D. Serve as the fiscal agent for the Federal government
Explanation:
The Federal Reserve System (FRS) is the central bank of the United States. FRS regulates the U.S. monetary and financial system.
The functions of Federal Reserve System includes;
1. conducting the nation's monetary policy
2. regulating banking institutions
3. monitoring and protecting the credit rights of consumers
4. maintaining the stability of the financial system
5. providing financial services to the U.S. government.
