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PilotLPTM [1.2K]
3 years ago
8

Which of the following is correct with respect to rainy day funds? Multiple Choice Rainy day funds are classified as committed o

r restricted if imposed externally or by law. Rainy day funds are classified as unassigned if the funds are available for emergencies or revenue shortfalls which may be accessed on an ongoing basis. Both of the choices are correct. Neither of the choice is correct.
Business
1 answer:
Viefleur [7K]3 years ago
4 0

Answer:

The correct answer is letter "A": Rainy day funds are classified as committed or restricted if imposed externally or by law.

Explanation:

Rainy day funds refer to reserves of resources states keep in case of emergencies or budget shortfalls. These funds are reserved for periods when revenues do not meet expectations and expenditures are higher. Rainy day funds are also used when the state should not incur debt because its financial situation is not optimal.

<em>Rainy days are classified as committed if created by resolution and, in such cases, the purpose of those funds is specified.</em>

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Your uncle has $500,000 and wants to retire. He expects to live for another 30 years and to earn 6.5% on his invested funds. How
Andrei [34K]

Answer:

$38, 288.718

Explanation:

The amount to be withdrawn at the end of each year, for  30 years

The amount of $500,000 represents the present value while yearly withdraws the annuities.

We use a revised formula for calculating annuities.

Applicable formula is

P   = PV × r/( 1 − (1+r)−n

P = annual withdrawals

PV  = $500,000

r = 6.5%

n 30

P = 500,000 x( 0.065/ ( 1- (1 + 0.065) -30)}

p = 500,000 x (0.065/ (1-1+.065)-30)

p= 500,000 x (0.065 / 1-0.1511860661)

P =500,000 x (0.065 /0.848814)

P= 500,000 x 0.076577436

Yearly withdrawals  = $38, 288.718

3 0
3 years ago
Calculate total GDP for this economy given the following components of supply. Round your answer to the nearest tenth and enter
Sav [38]

Answer:

<em>The GDP Rounded to the answer to the nearest ten = $21 trillion</em>

Explanation:

What Is GDP?

<em>Gross Domestic Product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of the country’s economic health. </em>

<em>Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well.</em>

<em></em>

<em>Using the The Expenditure Method - Aggregate Demand (AD) the formula for GDP is: </em>

GDP = C + I + G + (Ex - Im),

where “C” equals spending by consumers,

“I” equals investment by businesses,

“G” equals government spending and

“(Ex - Im)” equals net exports, that is, the value of exports minus imports.

GDP =

C = 3.8 + 2.7 + 12.2 = $18.7 trillion

I = 2.1 + 0

GDP = 18.7 + 2.1 = <em>$20.8 trillion </em>

<em>GDP = $20.8 trillion </em>

<em />

<em>Rounding the answer to the nearest ten = $21 trillion</em>

8 0
3 years ago
Cheyenne is a manager at her company. She listens to an employee, Enu, voice his opinion about a policy that he disagrees with.
harkovskaia [24]

Answer: Professional benefits.

Explanation:

The illustration given in the question describes the professional benefit of listening. Cheyenne listened to her subordinates, which enabled her to identify the challenge her employees were facing and she was now able to solve the challenge, leading to a better work environment.

3 0
2 years ago
What is traditionalist account? Give an example.​
horsena [70]

Answer:

in folklore, a narrative containing information about actual persons and events. Originating from the tales of eyewitnesses, the traditional account departs from its original factual basis when retold and becomes subject to free poetic interpretation.

7 0
2 years ago
Depending on the style of the wedding gown dash– and the size of the bride dash– a wedding dress​ custom-designed and sewn in​ j
Step2247 [10]
<span>These would be the variable costs. Since the dress uses up to a specified amount of each of these elements, the costs can vary depending on the size of the gown and the person wearing the gown. Variable costs, unlike those that are fixed, are able to change based upon outside factors.</span>
5 0
3 years ago
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