First find 1/8. 48/8 is 6. Then multiply by 3 since there are 3/8. 3x6 is 18. 18 cards.
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The money that is actively circulating is specifically identified as CASH. It is a part of the money supply.
Basic money supply are all the cash held by the public either on hand or in their transaction accounts like savings or checking accounts. These are all money because they have the ability to purchase goods and services aside from cash exchanges.
Answer:
The expected balance of Accounts Payable on 31 January is $6020
Explanation:
The expected closing balance of Accounts payable will include the amount of payable for purchases made in January which are still outstanding at the end of the month. According to the policy of the company, 50% of a month's purchases will be paid in the following month. Thus, the ending balance of accounts payable will be 50% of January's purchases.
Closing balance of Accounts payable = 12040 * 0.5 = $6020
Answer:
IRR= 20%
Explanation:
The Internal Rate of Return (IRR) tries to find the profitability of the money that remains invested during the life of a proyect. It is also known as the discount rate that makes the Net Present Value (NPV) equal to cero. When the NPV is equal to cero, then the proyect does not create or destroy value. So, if we calculate the NPV with the IRR we will find that it is equal to cero. In this case, if the cost of capital were 20% the proyect will not create or destroy value, but the problem is giving us a cost of capital that is less than 20%, then the proyect creates value. If we calculate the NPV with the rate of 16% it will be grater than zero.
The figure attached shows the IRR formula. But i calculated using Excel: first i put the cash flows of each year ( the first one is negative because it is an investment ). Then i used the formula: "=IRR(C4:C8)"
Answer:
Social Security taxes definition. ... The Social Security tax is levied by the U.S. government on both the employee and the employer. In 2019 the Social Security portion of FICA (excluding Medicare) to be withheld from the first $132,900 of each employee's annual salary or wages is 6.2%.
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