Answer:
PV = $27,263.15
It will be needed to deposit the lump sum of $27,263.15
Explanation:
The question is asking for how much will you need to deposit in a lump sum today to withdraw for seven years the sum of $5,600 with an interest rate of 10%
In other words it is asking us for the preset value of an annuity of $5,600 with interest of 10%
Using the present value of an annuity formula of $1 we can solve for the present value of that annuity, which is the amount needed to generate this annuity
We post our knows value and solve it:
PV = $27,263.15
Answer:
During a recession business investment in new capital goods and consumer spending on new durable goods can be postponed
Explanation:
The business cycle are simply cycles or series of cycles of economic expansion and contraction.
An Economic expansion is simply defined as an increase in the level of economic activity, goods and services available. It is a period of economic growth usually measured by a rise in real GDP.
Economic growth
Economic growth is an increase in the capacity of an economy to produce goods and services, usuallycompared from one period of time to another time.
The four phases of the business cycle are;
1. Peak
2.Recession
3. Trough
4. Expansion
The length of a complete cycle usually varies from 2-3 years to 15 years.
Answer:
The sum of the debits will exceed the sum of the credits by $340. (None of the options given).
Explanation:
The right posting on the payment of $210 for the purchase office supplies would be;
Debit office supplies account $210
Credit Cash account $210
However since the debit to office supplies was $550 which is 340 (i.e $550 - $210) more than what the amount to have been posted is, it means that the sum of the debits will exceed the sum of the credits by $340.
Answer:
In general, beneficiaries are responsible for paying the following for a Medicare Prescription Drug Plan:
Monthly premiums
Annual deductible
Copayments or coinsurance
A small copayment for the rest of the calendar year after they reach a certain out-of-pocket amount
Explanation:
Savings account is what would go in the blank.
