This is an example of a diet.
Driving
is a privilege, driver’s
license can be suspended if the driver failed to use headlights, has
accumulated 10 moving violations in a 10-year period, one of which is a major
offense and was convicted of the act of making graffiti. If your
license says you must wear corrective lenses, you may be fined if you drive
without wearing them.
Answer:
The ending debit balance in the Cash account is $25,000
Explanation:
The amount of cash Travis received in the month=Cash sales for the month=$12,000
The amount of cash Travis paid in the month = Cash paid for current-period purchases + Cash paid for amounts due from last month = $5,000 + $6,000 = $11,000
The ending Cash account balance = The beginning cash balance + Cash received in the month - Cash paid in the month = $24,000 + $12,000 - $11,000 = $25,000
The ending debit balance in the Cash account is $25,000
Since the problem assumes annual compounding, then the
relationship of forward rate and spot rates is given in the equation:
f1,2 = ((s2^2 / s1) - 1)
Therefore,
f1,2 = ((1.069^2 / 1.063) - 1)
f1,2 = 0.075 = 7.5%
Forward rate is 7.5%.