<span>Similarities of balancing a city budget and balancing a personal budget is that you are both budgeting it and planning for certain expenses that you need to pay.
Differences between balancing a city budget and balancing a personal budget is that city budget is quite big amount while personal budget is just small. City budget involves many people.</span>
Answer:
A. the FCAC is less than the TBC
Explanation:
If the amount of cumulated actual costs is less than difference between the total budgeted cost and the re-estimate, then the FCAC is less than the TBC
Answer:
Option C.
Explanation:
From the options given above, the correct way a renter can reduce their rent it to get a roommate or roommate. Getting just one roommate can help to reduce your basic living expenses by 30%.
This is achievable because various costs like rent, utilities, and even groceries can be shared among the roommates.
The only downside to this method is the lack of privacy that comes with having roommates. But in general, having roommates is a sure way for renters to spend less, or live in a nicer location.
Answer:
12.75%
Explanation:
Given that
Net assets value = $24.19
Dividend and capital gain distribution = $1.63
Offer price = $22.90
The computation of Holding period return is shown below:-
= (Net assets value + Dividend and capital gain distribution - Offer price) ÷ Offer price
= ($24.19 + $1.63 - $22.90) ÷ $22.90
= $2.90 ÷ $22.90
= 12.75%
So, for computing the holding period return we simply applied the above formula.
Answer:
Balance after 30 years = $151,018.50
Explanation:
In order to calculate this, we will calculate the future value on an amount invested, gaining interest over the years of investment, and this is given by:
where:
FV = future value
PV = present value
r = interest rate
t = time in years.
Hence the future value is calculated as follows:
1. For the first 10 years at 7% interest:
7% interest = 7/100 = 0.07
2. For the last 20 years at 9.5%(0.095) interest:
Note that for the remaining 20 years, the present value (PV) used = 24,589.392, as ending balance after the first 10 years
Total Future value earned = $151,018.50
