The parents would deposit $ 3150 on the second birthday.
Explanation:
The initial amount deposited on the first birthday- $ 3000
Incremental % for each year deposit- 5 %
Rate of Interest provided by the education savings account- 6%
The term for which they would be depositing- 18 years (until the baby turns of 18 years means 18 annual instalments)
The amount that parents would deposit on the second birthday-
The amount deposited by parents would be 5% more than the amount deposited by them on the previous birthday
Hence incremental amount would be 5% of 3000
(5/100) *3000= $ 150
The amount that would be deposited on 2nd birthday would be 3000+150= $ 3150
Answer:
Covenant.
Explanation:
A covenant in business context refers to a formal debt agreement between a lender and a company that specific actions will or will not be undertaken.
Answer:
A
Explanation:
The correct answer is:
A. Accounts Payable 2,000 Cash 2,000
Answer:
(1) 6%; 1.7; 10.20%
(2) 3%; 4; 12%
Explanation:
ROI = Margin × Turnover (Note Margin in % and Turnover in Ratio)
Where,
Margin = Net operating income ÷ Sales
Turnover = Sales ÷ Average operating assets
For Queensland:
Margin = 54,060 ÷ 901,000
= 6% (approx)
Turnover = 901,000 ÷ 530,000
= 1.7
ROI = 6% × 1.7
= 10.20%
For New south wales:
Margin = 74,400 ÷ 2,480,000
= 3% (approx)
Turnover = 2,480,000 ÷ 6,20,000
= 4
ROI = 3% × 4
= 12%
Answer:
if n=1 (monopoly) we have 
if n goes to infinity (approaching competitive level), we get the competition quantity that would be 
Explanation:
In the case of a homogeneous-good Cournot model we have that firm i will solve the following profit maximizing problem
from the FPC we have that
since all firms are homogeneous this means that 
then 
the industry output is then
if n=1 (monopoly) we have
if n goes to infinity (approaching competitive level), we get the competition quantity that would be
