A. The purchased taxi cabs.
The gov. Uses it as capital investment since it is a mode of public transportation. The answer could also be c so people can drive it (with proper training) so other people can use it.
Answer: $135
Explanation:
First find the future value of the proceeds.
= 10,000 * (1 + 5%)⁷
= $14,071
The monthly payments are equal so X is an annuity and as the payment is made immediately, this is an Annuity due.
Convert the interest rate into monthly figure:
= 3%/12
= 0.25%
Present value of annuity = Annuity * (( 1 - (1 + r)^-n ) / r) * (1 + r)
14,071 = Annuity * ((1 - (1 + 0.25%) ⁻¹²⁰) / 0.25%) * (1 + 0.25%)
14,071 = Annuity * 103.82
Annuity = 14,071 / 103.82
= $135.53
= $135
A cash flow statement merely describes the net change in a company's cash flow in investment, operational, and financial activities at a given period in time. As such, a bad debt in the company's portfolio cannot be reflected correctly in the cash flow statement. A company can also result to selling products at a much lower prices than it purchased them. While this is reflected in the cash flow statement, it does not translate into overall profitability of the concerned company.
<span>part of a contractionary fiscal policy</span>
Answer:
TRUE
Explanation:
Adam Smith 'Laissez Faire' Theory implies : Markets as free mechanisms are best, they are guided by self interest which tends to bring best socio economic welfare by increasing wealth. The market 'Invisible Hand' acts as an automatic stabiliser to any economic discrepancy & any government intervention is unnecessarily distortionary.
