Answer:
Explanation:
Monthly interest = 6 / 12 = .005
principal amount a₀ = 30000
an denote the amount owed at the end of the month
amount owed at the end of one month
a₁= 1.005 x a₀ - 600
amount owed at the end of 2 nd month
a₂= 1.005 x a₁ - 600
amount owed at the end of nth month
an = 1.005x an-1 - 600 for n ≥ 1
I believe the answer is: B. <span>You only need to sign a deposit slip when receiving cash.
Deposit slip would be filled with a list of cash and cash equivalent that you give to bank teller to be added to your bank account.
Most bank provide the services which allow you to take small percentage of your deposited check in the form of cash. When doing this, you need to sign it as a form of authorization.</span><span />
Answer:
$270,300
Explanation:
Given that,
Net fixed assets at the beginning of the year = $236,400
New equipment purchased = $53,200
Old equipment sold = $22,000
Book value of old equipment = $5,900
Depreciation expense for the year = $13,400
The value of new equipment purchased added to the fixed assets, the book value of the old equipment and the depreciation expense are deducted from the fixed assets.
The sale of old equipment and depreciation expense reduces the net fixed assets, that's why it is deducted from the net fixed assets.
Net fixed assets at the end of the year:
= Beginning net fixed assets + Value of new equipment - Book value of the old equipment sold - Depreciation expense
= $236,400 + $53,200 - $5,900 - $13,400
= $270,300
Answer:
Free-enterprise; government.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Basically, there are four (4) main types of economy and these are;
I. Mixed economy.
II. Command economy.
III. Traditional economy.
IV. Free-enterprise economy.
A free-enterprise system also referred to as capitalism or free market can be defined as a type of economy in which prices, products and services are being determined by the market rather than the government. Thus, a free-enterprise system is devoid (free) of government regulations, interference or control because the market (enterprises) are the ones who are saddled with the responsibility of determining the market forces.
Simply stated, a free-enterprise system is a type of economy that is completely driven by demand and supply of goods and services.
Hence, in a free-enterprise system, supply and demand forces affect the production and consumption decisions. There is little to no government control in such a system.
Answer:
if the inflation rate was 25,000% per month
in one year, inflation rose by =(1 + 250)¹² - 1 = 62,529,457,066,666,666,666,000,000,000 - 1 = 62,529,457,066,666,666,665,999,999,999 x 100% = 6,252,945,706,666,666,666,599,999,999,900%
inflation rate per day:
250 = (1 + r)³⁰ - 1
251 = (1 + r)³⁰
³⁰√251 = 1 + r
1.2022 = 1 + r
r = 0.202234 or 20.2234% daily
