Answer:
C. Citizens have more wants than they can fulfill with their available resources.
Explanation:
Correct for APEX
What Muhammad found unsatisfactory about the Certificate of deposit is that the return on the investment was too low.
Basically, a certificate of deposit is under a Short term investment instrument which yields low interest value for investors.
The Short term investment yields on investment are low because it is for short period of time and involves lesser risks. Other instruments under Short term investment includes Money market etc.
Therefore, the option C is correct because the Certificate of deposit was seen as unsatisfactory by Muhammad because the return on the investment was too low.
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Answer:
D = 7980.55
Explanation:
Since the borrower pays in 6 months wich is half a year, we calculate the semi-annual rate = 
= 
= 0.0035 = 0.35%
The effective semi-annual rate is, [(0.0035)⁶- 1] = 0.02118461
![\frac{D[(1.02118461)^{16} - 1]}{1.02118461) - 1}](https://tex.z-dn.net/?f=%5Cfrac%7BD%5B%281.02118461%29%5E%7B16%7D%20%20-%201%5D%7D%7B1.02118461%29%20-%201%7D)
+ ![\frac{D[(1.02118461)^{10} - 1]}{1.02118461) - 1}](https://tex.z-dn.net/?f=%5Cfrac%7BD%5B%281.02118461%29%5E%7B10%7D%20%20-%201%5D%7D%7B1.02118461%29%20-%201%7D)
= 238000
+ 
= 238000
0.631744D = 238000 * 0.02118461
0.631744D = 5041.937
Therefore D = 7980.55
Answer:
See explanation Section
Explanation:
Culver Corporation
Balance Sheet (Current Asset only)
As at December 31, 2017
Particulars $ $
Cash $8,220
Accounts Receivable $97,530
Less: Allowance for
<u>Doubtful Accounts (4,520) </u> $93,010
Prepaid Insurance $6,040
Inventory $34,900
<u>Equity Investments $13,510</u>
Current Assets $155,680
Note: As equity investment will be sold in the next year, it is shown as current assets. Land and patents are property, plant, and equipment.
