Answer: <u>$4,500</u>
Explanation:
Equipment was purchased for $76,000.
It has an estimated useful life of 8 years.
It will be sold for $4,000 after these 8 years so that is the salvage value.
With these figures depreciation per annum is calculated with the following formula;
= 
= $9,000
The Equipment was purchased on July 1, Year 1. In Year 1 therefore it will only be in use for half the year and this is what it should b depreciated in light of.
Semi-annual Depreciation = 9,000/2
= <u>$4,500</u>
The correct option is D. You withdraw cash from your bank account which is an event that directly involves the Federal Reserve.
The Fed removes limits on house loans for borrowers who have student loan debt in an effort to spur economic development.
<h3>
What events led up to the Federal Reserve law?</h3>
The frail banking system was devastated by bank runs following a particularly bad panic in 1907, which finally prompted Congress to draft the Federal Reserve Act in 1913. In the beginning, the Federal Reserve System was established to deal with these banking panics.
The Federal Reserve carries out general duties such as managing the country's monetary policy, supervising banking institutions, observing and defending consumer credit rights, preserving the stability of the financial system, and offering financial services to the federal government of the United States.
Thus, D is the right answer. You take money out of your bank account, which is a situation where the Federal Reserve is involved directly.
Learn more about Federal Reserve here:
brainly.com/question/17097530
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Answer:
Yield to Call: 12.68%
Explanation:
We will calculate the YTC
To do so we will list on exce lthe cash flow for the bond life:
0 -1000.0 (purchased at face value)
1 120.00 (coupon payment: 1,000 x 12%)
2 120.00
3 120.00
4 120.00
5 120.00
6 120.00
7 1190.00 (1,70 call price + 120 coupon payment)
below the cash flow we enter the IRR function and select the cash flow
this will give us the YTC: 0.126795
There is another way to calcualte the YTC but is done by approximation and is not an exact answer:
Coupon value = 120
Face value = 1,000
P = call = 1,070
n= 7 years
Result: 12.5603865%
as notice this differs with the excel answer as it is an aproximation nto an exact answer.
Answer:
The answer is B.
Explanation:
Government spending is one of the components of Gross Domestic Product(GDP) and it includes all the government expenditures(its consumption, transfer spending and investment).
Government spends to influence the economy. For example, government increases its spending when the economy activity in the economy is low or to stimulate the economy.
Option B is correct because it encompasses all the government's area of spending while the remaining options mention one or two functions of the government spending and not all.
