Cities are municipal corporations that operate under C. Charters from the state.
I think the answer to this is A.
Hope this helped.
Answer: Number of months = 66.87 months
Explanation:
Given that,
Monthly Payment = $500
Interest rate(r) = 1.95% per month
Current Balance = $18,500
Number of months(t) = ?







Taking log on both side
t log(1.0195) = log(3.5906)

t = 66.87 months
Answer:
The answer is: Cash and marketable securities $5,406,393
Explanation:
We have:
+ Current ratio = Current asset / Current liabilities = 2; with Current liabilities is given at $8 million => Current asset is $16 million;
+ Current asset = Inventory + Account Receivable + Cash and marketable securities <=> Cash and marketable securities = $16 million - Inventory - Account Receivable ( as current asset is calculated above at $16 million)
+ Average collection period = Account Receivable/ Credit Sales x 365 <=> Account Receivable = Average collection period/365 x Credit sales = 30/365 x 64 million = $5,260,274
+ Inventory turnover = Sales / Inventory <=> Inventory = Sales/ Inventory turnover = 64 million / 12 = $5,333,333
=> Cash and marketable securities = 16,000,000 - 5,333,333 - 5,260,274 = $5,406,393.