Answer: The available balance for your account may differ from the current balance because of pending transactions that have been presented against the account, but have not yet been processed.

Explanation:

6 0

2 years ago

Purchases Budget Rest Inn provides four-star accommodations for the vacation traveler. It is located just off a major interstate

natita [175]

Answer:

2,340

Explanation:

The computation of purchase to be made on July is shown below:-

Particulars June July August

Sales 2,300 2,500 2,100

Add: Closing Inventory 1,000 840

(40% of next month)

Less: Opening Inventory 1,000 840

(Closing of previous month)

Purchases to be made 3,300 2,340 1,260

Therefore the purchase to be made on July is 2,340

3 0

3 years ago

During the recession of 2008-2009, the administrations of Presidents George W. Bush and Barack Obama flooded several banking, fi

Jobisdone [24]

Answer:

The answer is: C. The trend toward mostly capitalist nations to move toward socialism.

Explanation:

Capitalism is an idea that favors free markets, but 100% pure capitalism will never exist. The same happens to socialism, no country is 100% socialist. All the countries in the world are mixed between capitalism and socialism but on different percentages.

For example, in a true capitalistic nation no government could exist since no taxation would be allowed. Governments function with the money of their citizens collected through taxes, but theoretically in a free market taxes don't exist. Currently the US and China are involved in a "trade war" which includes import tariffs, which should not exist according to capitalism.

I'm not sure, but I believe there are no pure socialist countries in the world and they probably have never existed either. Not even the Soviet Union was a pure socialist country and China has become the biggest defender of capitalism in the world.

5 0

3 years ago

Katie just turned 25 today. By her 60th birthday she would like to have $1,000,000 saved. She plans to invest equal annual payme

AlexFokin [52]

Answer:

The correct option is b. $6,304.11.

Explanation:

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

FV = M * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FV = Future value or the amount to have on her 60th birthday = $1,000,000

M = Annual payment or amount she needs to invest each year = ?

r = Interest rate = 8%, or 0.08

n = number of years beginning with her 27th birthday and ending on her 60th birthday = 60 - 27 + 1 = 34

Substituting the values into equation (1) and solve for M, we have:

$1,000,000 = M * (((1 + 0,08)^34 - 1) / 0.08)

$1,000,000 = M * 158.626670073155

M = $1,000,000 / 158.626670073155

M = $6,304.11014452251

Rounding to 2 decimal places, we have:

M = $6,304.11

This implies Katie needs to invest $6,304.11 each year to have exactly $1,000,000 by her 60th birthday.

Therefore, the correct option is b. $6,304.11.

4 0

3 years ago