Answer:
FV= $11,733.20
Explanation:
Giving the following information:
Annual deposit= $2,000
Number of periods= 5 years
Interest rate= 8% = 0.08
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,000*[(1.08^5) - 1]} / 0.08
FV= $11,733.20
Answer:
Mercantilism
Explanation:
Based on the information provided within the question it can be said that the approach that most influenced the international trade was Mercantilism. This is a trade policy that is used in order to increase exports in a country while at the same time minimizing imports of the nation. This seems to be the inspiration of Republic of Senna's approach since they are enforcing tariffs and quotas to limit and control imported goods, while supporting and growing exports.
Answer & Explanation:
The carrying value of the company is $3000 ($23000 - $20000) and the amount paid is $700 for the exchange of a truck worth $5700. The entry for such an exchange will be:
Dr Truck- Accumuated Depreciation $20000
Dr New Truck (Balancing amount) $3700
Cr Asset Cost $23000
Cr Cash Paid $700
So the new value that must be recognized as asset value in the Statement of Financial Position for the year is $3700.
So the option C is correct.
Answer:
The yield to maturity is 8.50%
Explanation:
The computation of the yield to maturity is shown below:
Given that
NPER = 8
PMT = $1,000 × 10.8% = $108
PV = $1,129.70
FV = $1,000
The formula is shown below:
= RATE(NPER,PMT,-PV,fV)
After applying the above formula, the yield to maturity is 8.50%
And, the same is to be considered
hence, the yield to maturity is 8.50%
Answer:
The correct answer is letter "E": diminishing marginal utility.
Explanation:
The Law of Diminishing Marginal Utility states that the more you use a good or service, the less pleased you will be with each use or use that follows. The law of diminishing utility is a key principle in assessing consumer preferences. This assumes consumers are rational and spend money in such a way as to maximize their contentment with each subsequent unit without impacting their overall enjoyment negatively.