Answer:
"Try something and if it doesn't work, admit it and try something else."
Explanation:
When I took US Government, my teacher always emphasized that FDR was probably the best American President, and things like this really show why he admired him so much. Can you imagine those words coming out of the mouth of a modern politician?
Many people like to compare President Obama's first term with FDR's first term, but I believe that Obama had it easier. Not because the recession wasn't bad, but because it was fresh and new. President Bush's handling of the crisis was disastrous, but they messed up only for about one year. When FDR took office, the depression had been around for several years, so the negative effects were much greater.
When FDR took office the country was ravaged and nobody was sure that the new policies would work or not, or even what policies they should have implemented. That is why they engaged in a trial and error type of strategy where several options were explored to try to see what could work and what couldn't.
The time value of money is the idea that an amount of money in the present is more valuable and is worth more than the amount of money in the future. Two things you'd need to consider when making this type of deal is putting yourself at risk of not getting the money and putting your trust into the person who owns you the money. You would need to consider that putting yourself in that position is your decision, no one elses. Ask yourself, "Can I trust this person?" or, "What if I don't get as much money as they promised?"
I hope this helps!
Answer:
10.16%
Explanation:
The computation of the effective return for this investment is shown below:
Let us assume that we invested an amount in Australian dollars 100
The return is 8%
After one year, the amount is 108
Now the converting amount is 110.16 (108 × 102%)
Now the effective rate for this investment is
= 110.16 - 100
= 10.16%
Based on the information given Andrew’s net federal income tax rate is c. 11.8%.
Using this formula
Net federal income tax rate=Federal income taxes / Taxable income
Where:
Federal income taxes= $5,345.40
Taxable income=$45,300
Let plug in the formula
Net federal income tax rate=$5,345.40/$45,300
Net federal income tax rate=0.118×100
Net federal income tax rate=11.8%
Inconclusion Andrew’s net federal income tax rate is c. 11.8%.
Learn more here:brainly.com/question/11886585
Answer:
The answer is $304,000
Explanation:
Barber's ending equity is:
Barber's beginning partnership capital balance for the current year plus share of partnership net income minus Barber's withdrawal
Barber's beginning partnership capital balance for the current is $314,000
Share of partnership net income
= $152,000 /2
= $76,000
Barber's withdrawal = $86,000
Therefore, Barber's ending equity is
$314,000 + $76,000 - $86,000
= $304,000
