Answer:
5.0%
Explanation:
You can solve this using financial calculator .I'll be using (Texas Instruments BA II Plus)
<em>Note; If using same calculator as mine, key in the number first then the function key.</em>
Initial investment ; PV = -1000
Recurring payment ; PMT = 50
Duration of investment; N = 5
Future Value at the end of 5 years ; FV = 1000
Then CPT I/Y = 5%
Therefore, the expected rate of return on this investment would be 5%
Answer:
False.
Explanation:
A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.
A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.
Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.
Hence, federally chartered banks and credit unions are not run like businesses that are a profit i.e they are a non-profit business.
Answer:
The computations are shown below:
Explanation:
(a) Depletion cost per unit
Depletion cost per unit
= $717,963 ÷ 806,700 tons
= $0.89 per ton
(b) The Journal entry to record depletion expense is
Depletion Expense A/c Dr $ 92,293
(103,700 tons × $0.89)
To To Accumulated Depletion A/c $ 92,293
(Being the depletion expense is recorded)
(c) The cost applicable is
= 16,700 unsold units × $0.89
= $14,863
The correct answer is choice A.
Gainsharing is normally when a business measures performance, and through a pre-determined formula, shares the savings with all employees.
<u>Explanation:</u>
First, remember that the difference between <em>normative and positive economic analysis</em> is that;
Normative analysis take a somewhat neutral view by stating how the world should be. While
The Positive analysis states the facts. That is, it describes the world as it is.
<u>
Thus, a </u><u>Normative analysis</u><u> of the consequence of minimum wage would be the following statements:</u>
c. In some cities such as San Francisco and New York, it would be impossible for low−skilled workers to live comfortably in the city without minimum wage laws.
d. The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.
<u>And a </u><u>Positive analysis</u><u> of the consequence of minimum wage would be the following statements:</u>
a. The minimum wage law causes unemployment.
b. A minimum wage law benefits some groups and hurts others.
