Why might a person choose to open a certificate of deposit (CD)?

Anastasy [175]

Answer:

a) help to evaluate what happened in the past.

Explanation:

The financial statement interprets the financial performance, profitability, position of the company. It involves the income statement, balance sheet, cash flow statement, etc through which the business could be analyzed in a better way

Also it helps to analyze and evaluate what is happened in the past

Therefore the option a is correct

5 0

3 years ago

Tree City reported a $1,500 net increase in fund balance for governmental funds for the current year. During the year, Tree purc

DIA [1.3K]

Answer

The correct answer is c. $ 7,500.

Explanation:

The reconciliation of the change in fund balance in governmental fund financial statements to the change in net position for governmental activities in the government-wide financials is computed using the GOES BARE mnemonic. The fact pattern only describes measurement focus (GOES) issues computed as follows:

G Change in Governmental Fund Balance $ 1,500

O Other Financing Sources 0

E Expenditure - Capital Outlay 9,000

(net of depreciation) (3,000)

S Internal Service Fund Net Income 0

Change in Net Position in government

-wide financial statements $ 7,500

5 0

3 years ago

Another firm, called Robbem Power & Water, an established public utility company, has been paying dividends for the past 20

oksian1 [2.3K]

Answer:

sorry...too Difficult

4 0

3 years ago

Students arrive at the Adminsitrative Office at an average of one every 24 minures, and their requests take on average 12 minute

larisa [96]

<u>Solution and Explanation:</u>

arrival time = 24 per minute, processing time = 12 minutes, number of servers = 1 ( work for 8 hours a days)

a. arrival rate = 60 divide 24 = 2.5 customer per hour, service rate = 60 divide 12 = 5 customers per hour

therefore, the probability that the operator will be busy = 2.5 divide 5 = 0.5

thus, the percentage of idle time = 1 minus 2.5 divide 5 = 0.50

Thus, the percenatge idle time is 50%

b. the average spent by a student waiting in a line = $2.5 / 5(5-2.5)$

= 0.20 hours.

Thus, on an average a student spent 0.20 hours waiting in line.

c. the average number in waiting line = 0.5 customers

d. the probability for the given condition to happen is 0.25, 25%

4 0

3 years ago

Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer deman

Aliun [14]

The price of the product will increase and then the quantity of the output will also be more than the original one.

<u>Explanation:</u>

In a market which is purely competitive, with the increase in the demand of the particular good in the market, the price of the good will also increase because of the increase in the demand by the consumers. After making the adjustments, the quantity will therefore also increase of the output than the original one.

4 0

3 years ago