The balance in the Accumulated Depreciation account represents the amount to be deducted from the cost of the plant asset to arrive at its fair market value.
Competition between banks and nonbanks, such as insurance companies and pension funds, has not changed in 50 years, since the creation of the Federal.
A retirement fund also called a retirement fund in some countries, is a plan, fund, or scheme that provides income after retirement. Pension funds typically hold large amounts of investment capital and are major investors in public and private companies. These are especially important for stock markets dominated by large institutional investors. Together, the top 300 pension funds have approximately $6 trillion in assets.
In 2012, PricewaterhouseCoopers estimated that pension funds held more than $33.9 trillion in assets worldwide (expected to exceed $56 trillion by 2020), with mutual funds, insurance companies, and foreign exchange reserves It is the largest category of institutional investors, surpassing gold and sovereign wealth. funds, hedge funds, or private equity; With $2.66 trillion in assets under management, the Federal Endowment Trust Fund is the world's largest public pension fund.
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The present value of an expected future payment "<em><u>falls</u></em>" as the interest rate increases.
This is based on the idea that the bond is paid at a fixed interest rate. Thus as the interest rate increases, the value of the bond decreases or falls because investors would certainly stay away from such bonds, therefore, making its value reduce or fall.
Similarly, if the interest falls, a bond with a fixed interest rate becomes more attractive to investors.
Hence, in this case, it is concluded that the interest rates determine the value of the bond.
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Answer:
The liability of John is $50.
Explanation:
When the ATM, credit, or debit cards of a customer are stolen or lost, both the Fair Credit Billing Act (FCBA) and the Electronic Fund Transfer Act (EFTA) come into action to give protection to the customer.
Specifically, if the credit or debit card is stolen or lost, the FCBA provides that maximum amount of liability that the customer will bear for any unauthorized use is $50.
The EFTA provides that if the stolen card is reported within 2 business days, the maximum liability for any authorised transaction is $50.
Therefore, since John notified his financial institution on Thursday which is still within 2 business days, his liability is still $50 based on the provisions of the EFTA and also the FCBA.
