<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:
The total value of this firm if you ignore taxes is $16 million.
Explanation:
Considering that the company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares, hence to calculate the total value of the firm we have to first make the following calculation:
$1,000,000÷2,500= 400
Hence, Total value of the firm= 400×40,000 shares of stock outstanding
= $16 million is the total value of this firm if you ignore taxes.
Answer:
The effect that causes Corey's quantity demanded of a frozen dinner to increase is known as income effect
Explanation:
Income effect refers to the change in consumption pattern or in the amount of the good consumed as a result of changes in the consumer's utility and purchasing power. Income effect can be positive or negative.
Here, Corey derives some utility from consuming a frozen dinner (an inferior good). Therefore, as the price increases, the income effect will induce Corey (the consumer) to purchase more.
Answer:
The percentage of variance in the company’s stock explained by the market is lower than that of a typical stock
Explanation:
The percentage of variance in the company’s stock explained by the market is lower than that of a typical stock is the true interpretation
Answer:
a) $903.3
b) $907.14
c) $909.13
d) $910.47
Explanation:
Data provided in the question:
Principle amount = $675
Now,
Future value =
here,
n is the number of periods
r is the Annual rate of interest
t is the time in years
Thus,
a) For 6% compounded annually for 5 years
r = 6% = 0.06
n = 1
t = 5
Future value = $675 ×
or
Future value = $675 × 1.338226
or
Future value = $903.3
b) For 6% compounded semiannually for 5 years
r = 6% = 0.06
n = 2
t = 5
Future value = $675 ×
or
Future value = $675 × 1.343916
or
Future value = $907.14
c) For 6% compounded quarterly for 5 years
r = 6% = 0.06
n = 4
t = 5
Future value = $675 ×
or
Future value = $675 × 1.346855
or
Future value = $909.13
d) For 6% compounded monthly for 5 years
r = 6% = 0.06
n = 12
t = 5
Future value = $675 ×
or
Future value = $675 × 1.34885
or
Future value = $910.47