Answer:
C) declined; rise
Explanation:
When the fed cut the interest rates, the value of the dollar fell against the euro, because lower interest rates means that investors get a lesser return for their dollar assets, and as result, prefer to invest in euros, leading to a devaluation of the American currency.
The opposite occurred when the European Central Bank cut interest rates in Europe, after the financial crisis spread there. Again, lower interest rates in Europe meant that investors would earn a lower retunr on their euro assets, and because of that, they preferred to invest in dollars, or move to other currencies (for example, currencies from developing countries like China).
Answer:
A. True
Explanation:
Since Chase wants a long term fund that doesn't require a interest, it can be advisable that Chase uses the company's retained earnings.
Retained earnings (RE) is the amount of net income left over for the business after it has paid out dividends to its shareholders. A business generates earnings that can be positive (profits) or negative (losses).
Explanation:
The preparation of the retained earnings statement for the year ended December is presented below:
Culver Corporation
Retained Earning statement
For the year ended December 31, 2017
Beginning balance of retained earning $718,500
Add: Correction recorded $86,470
Add: Net income $1,596,000
Less: Cash Dividend paid -$80,500
Ending balance of retained earning $2,320,470
Answer:
$1,642.83
Explanation:
The amount after four years can be calculated using the formula below
A = P(1 +r)^n
where A= amount
P = Principal amount $1500
r= interest 2.3% or 0.023
n = time in year; 4
A = $1500(1 + 0.023)^4
A= $1500(1.023)^4
A=$1500x 1.095222
A=$1,642.83
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