Answer:
contest sponsors have to deposit $6795163.17 in the escrow account
Explanation:
given data
amount = $10 million
time = 20 year
rate = 4 %
to find out
how much do the contest sponsors have to deposit in the escrow account
solution
we know Cash flow per period = 10000000/20 = $500000
we will apply here future value formula to find amount
future value = cash flow × 
here r is rate and t is time
put here value
future value = 500000 × 
future value = 6795163.1724
so contest sponsors have to deposit $6795163.17 in the escrow account
Could you include the answers?
The debits entered in the raw materials account during the month of December totals $60,000. Since that was the only transactions that in that month was used to purchase new raw materials it is shown as a debit to the raw materials account. The $26,000 already on hand and the $62,000 were also on hand but used for production, not purchased.
Answer:
The correct answer is: be adversely affected by; benefit from.
Explanation:
The first adverse effect of a higher dollar price is the difficulties in increasing North American exports, a situation that can be a drag on the economic recovery. On the other hand, by making imports cheaper, they could take away from the market of what is produced internally.
In addition, this trajectory of the dollar could also hinder the process of normalization of the Federal Reserve's monetary policy, since higher interest rates would be an additional incentive to improve the position of the greenback and further strengthen it.
Secondly, the advance of the dollar contributes to higher prices of raw materials in other currencies, a situation that tends to detract from their demand. Lower revenues from commodity sales make up an unfavorable context for emerging economies, especially in those nations whose export sectors are poorly diversified.
The third effect of the strength of that currency is a source of downward pressure especially for the currencies of emerging nations, which in turn hinders their economic recovery.
