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3 years ago

When more than one central bank attempts to shift the equilibrium exchange rate, we refer to this as:?

1 answer:

8 0

When more than one of more of the central banks try to shift the exchange rates it is referred to as a market shift. These market shift occur periodically based on inflation and interest rates.

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JacksonJackson Bank lends JabbourJabbour Clothing Company $125 comma 000125,000 on September 1. JabbourJabbour signs a $125 co

lara31 [8.8K]

Answer:

Explanation:

The journal entry is shown below:

Interest expense A/c Dr $3,000

To Interest payable A/c $3,000

(Being interest is recorded)

The computation of the interest expense is shown below:

= Principal × rate of interest × number of months ÷ total number of months in a year

= $125,000 × 6% × (4 months ÷ 12 months)

= $2,500

The four-month is calculated from the September 1 to December 31

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2 years ago

The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% an

Alecsey [184]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

6 0

2 years ago

Which agency is responsible for approving states' special education plans and releasing idea funds accordingly?

tatiyna

The Office of Special Education and Rehabilitative Services is the agency responsible for approving a state's special education plan and releasing the IDEA funds accordingly. These offices also help schools understand the services and responsibilities. These services help with those who have a learning disability or need specialized attention/help in school.

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3 years ago

Yi Min started an engineering firm called Min Engineering. He began operations and completed seven transactions in May, which in

otez555 [7]

Answer:

Trial Balance

Items Group Debit ($) Credit ($)

Cash Asset 37641

Office Supplies Asset 890

Prepaid Insurance Asset 4600

Office Equipment Asset 12900

Accounts Payable Liability 12900

Capital Equity 18000

Withdrawals Equity 3329

Engineering Fees earned Revenue 36000

Rent Expense Expense 7540

Total $66900 $66900

6 0

2 years ago

You want to be able to withdraw $45,000 from your account each year for 30 years after you retire. You expect to retire in 25 ye

Amanda [17]

Answer:

Expected withdrawal is $45,000 for 30 years = total of $1,350,000

You will be required to invest in $25.063 every year.

Explanation:

By applying the goal seek formula in excel to determine the annual invested fund, based on a compounded interest rate of 6% over a duration of up to a maximum of 25 years from Year 0, we can clearly see that Savings ought to be $25,063 for every year.

The future Value of each saved fund is derived and added to future value of each years subsequent saved fund to arrive at a total expectation of $1,350,000 expected value after 25 years (i.e. $45,000 annual withdrawal x 30 years of withdrawal)

This brings total savings to $626,572 for the entire 25 years

Kindly refer to the attachment for breakdown of workings.

4 0

3 years ago