I believe the answer is: True
For example, every individuals are subjected to the risk of experiencing some sort of health problems, that might cost us a lot of money.
When a person bought a health insurance that person would transfer the financial risk that might occurs because of their health condition to the insurance company. So when that person need treatments, the insurance company would cover the cost.
Answer:
Annual contributions to the retirement fund will be $6,347.31
Explanation:
First find the Present Value of the Annuity giving payments of $32,000 annually for 25 years at the rate of 10%.
Using a Financial Calculator enter the following data
PMT = $32,000
P/y = 1
N = 25
R = 10%
FV = 0
Thus, the Present Value, PV is $290,465.28
At the time of retirement (in 20 years time) the Value of the annuity fund is $290,465.28.
Next we need to find the Payments PMT to reach this amount in 20 years time at the interest rate of 8%
Using a Financial Calculator enter the following data
FV = $290,465.28
N = 20
R = 8 %
PV = $0
Thus, the Payments, PMT required will be $6,347.3080
Conclusion :
Annual contributions to the retirement fund will be $6,347.31
Answer:
option (b) 20
Explanation:
Data provided in the question:
Net fixed assets = $400,000
Short-term liabilities = $30,000
Long-term liabilities = $20,000
Common stockholders' equity = $90,000
Total stockholders' equity = $100,000
Now,
Ratio of fixed assets to long term liabilities
= Net Fixed assets ÷ Long term liabilities
or
= $400,000 ÷ $20,000
= 20
Hence,
The correct answer is option (b) 20
Answer:
The multiple choices are:
a.$15,000,000
b. $14,000,
c. $13,750,000
d. $0
The correct option is D,$0
Explanation:
The city by all standards should have adopted a modified accrual basis of accounting where amounts owed in terms of principal and interest payments are not recorded in the necessary books of accounts until they become due.
As at 30,2020,the amount due in respect of the loan has been recorded and paid off,hence as at 31st December,2020,no amount is due in respect of the general obligation bonds issued,hence no recording would be effected until next obligation date when the amount to be paid is due
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