Answer:
The correct answer is letter "D": All of the above.
Explanation:
Budgets are estimates of the expenses that may be incurred during the development of a project. Managers try to keep the expenditures as close as to the budget to make sure a reasonable amount of resources were used. Though, disadvantages of counting on budgets are, for instance, that they are set mostly to a single level of activity without considering adjustments that might be necessary as a result of external changes; also, budgets are a constraint for projects since the executive responsible must monitor how the resources are spent periodically to find out if they will be enough for the project completion.
Answer:
$75
Explanation:
Let, the payment made towards US Speedy credit card be 'U'
Therefore,
According to the question:
Payment made towards Express credit card, E = 3U
Total for the two cards = U + E
= U + 3U
= 4U
also,
Payment made towards passport credit card = 15% of 4U
= 0.15 × 4U
= 0.6U
Given: Total payment made = $575
Therefore,
E + U + 0.6 U = $575
or
3U + U + 0.6U = $575
or
4.6U = $575
or
U = $125
Hence,
Payment made towards passport credit card = 0.6U
= 0.6 × $125
= $75
Answer:
Money in 31 years will be = $1,648,641.73
<u>Explanation:</u>
As per the given data:
Inherit Money (PV) = $114,000
Interest rate (i) = 9% p.a (Compounding is done annually as said in the question)
Holding period (n) = 31 years.
Money to have in is the Future value (FV) =?
We can use following time value formula to calculate the future value -
FV = PV * (1 + i) ^ n
putting the values
:
FV = 114,000 * (1 + 0.09) ^ 31
FV = 114,000 * (14.461769531353)
Thus,
Future Value is = $1,648,641.73
Answer:
c) is reflected in a downward sloping supply curve.
Explanation:
A direct relationship between the price and quantity is reflected in a downward sloping supply curve.
The Law of demand states that ''conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases"
Hence this relationship is reflected in a downward sloping curve as demand falls as price rises.
