Answer:
$121,363
Explanation:
The amount in 30 years is known as the Future Value (FV) . We arrive at this figure by compounding the Present Value using the interest earned on the savings as follows :
PV = $50,000
P/yr = 1
N = 30
PMT = $ 0
i = 3 %
FV = ?
Using a Financial calculator to enter the amounts as shown above, the FV can be determined as $121,363
Answer:
Active traders often group themselves into two camps: the day traders and the swing traders. Both seek to profit from short-term stock movements (versus long-term investments), but which trading strategy is the better one? Here are the pros and cons of day trading versus swing trading.
Answer:
I drew the production possibilities frontier curve for both nations, A and B, and attached it.
Explanation:
Answer: Price is $7 when sale is 5000 and $6 when sale is 7,500 units.
Explanation:
George will breakeven when his price is just sufficient to cost the total cost.
If George sells 50% more, then his sales is 7,500 units.
George will breakeven when his price is just sufficient to cost the total cost.
When sales is 5000 units price is $7. When sales is 7,500 units price is $6.
Answer:
The correct answer is letter "D": Either the General Fund or Internal Service Fund is acceptable.
Explanation:
The General Fund is used by the government to record all the inflows and outflows of the transactions related to daily use expenditures and long-term operations. The agency that provides the resources is the Department of Treasury through loans receivable.
The Internal Service Fund record all transactions derived from the expenditures in the use of goods or services among government departments and agencies on a cost-reimbursement basis.
Thus, when reporting governmental financial activities, the can be recorded in the General Fund or the Internal Service Fund.
