Answer/Explanation:
Am economy encompasses all activities that relates to the allocation of scarce resources for optimal production, processing, and distribution and trade of goods and services for the benefits and consumption of the populace dwelling in a geographical area. It entails all inter-related activities that pertains to the efficient use of scarce resources to ensure human needs are met for their survival.
The difference between the total value of assets and the total value of liabilities is equity. Also known as common equity and owners equity.
Assets represent valuable resources that your company manages. Liabilities represent the company's obligations, while both debt and equity represent how the company's assets are financed.
The sum of the difference between assets and liabilities is equity, which is the remaining net ownership of the company by the owners.
In its simplest form, a balance sheet can be divided into two categories: assets and liabilities. assets are items owned by a company that can provide future economic benefits. A liability is something you owe to another party.
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Answer:
FV= $1,220.19
Explanation:
Giving the following information:
You open a savings account on January 1, 2008 with $1,000. The interest rate stated on this account is 4%, compounded quarterly.
Effective rate= 4/4= 1%
We need to use the following formula:
FV= PV*(1+i)^n
n= 4*5= 20
FV= 1000*(1.01^20)= $1,220.19
Answer:
A. Producers raise prices to continue to make a profit.
Explanation:
Answer:
37 days
Explanation:
Given the following :
Date of purchase = 6th of February
Bond interest is paid on January 1st and July 1st.
Since, the treasury bond was purchased on the 6th of February, the the accrued or accumulated interest will be calculated from January 1st till the purchase date (6th of February).
(Number of days in January) + 6 days in February
Number of days in January = 31
Days of accrued interest = (31 + 6) = 37
