Answer:
a. Prior period adjustments.
Explanation:
"Retained earnings is the cumulative total of earnings that have yet to be paid to shareholders. These funds are also held in reserve to reinvest back into the company through purchases of fixed assets or to pay down debt."
Prior period adjustments in the beginning balance are key to calculate the retained earnings at the end of the period:
Retained Earnings = RE Beginning Balance + Net Income (or loss) – Dividends.
Therefore, prior period adjustments may either increase or decrease RE.
Reference: Morah, Chizoba. “Which Transactions Affect Retained Earnings?” Investopedia, Investopedia, 11 July 2019
Answer:
at maturity I will receive 1,155.6
the real return is 7%
the nominal will be 15.56%
Explanation:
As it is indexed it will paid a real rate of 7% adjusted for 8% inflation

1,000 x 1.07 x 1.08 = 1,155.6 received at maturity
no know the nominal rate we do:


nominal = 0.1556 = 15.56%
Answer:
D. debit card
Explanation:
A debit card is an electronic card that enables customers to access their bank accounts via an ATM. An ATM ( Automated Teller Machine) is a banking outlet that allows customers to perform basic banking services such as deposits, withdrawals, transfers, and balance inquiries without stepping into the banking hall.
A customer needs to have their debit card and the PIN to access their bank account via the ATM.
Answer:
B. will be horizontal
Explanation:
A type of market where output is identical to the output of any other firm in the market and the market has many firms and transaction costs are low is the perfect competition.
The demand curve is horizontal because in this type of market, price is set by the forces of demand and supply. Buyers are sellers are price takers and they don't have any influence over prices. At the going market price, sellers sell all the quantities of their products.
But if they attempt to increase price, quanitity demanded would fall to zero as consumers would easily shift to other sellers. Also, there would be no incentive to reduce price because they would be earning a loss.
I hope my answer helps you
Answer:
$ 142 375
Explanation:
Thinking process:
Let the composite rate be given by the formula:

where
A = amount after interest
= interest rate
t = time
n = number of times (per year)
Therefore, this gives:
