Most likely, Mary would be charged a higher amount of interest for missing payments, and would be charged more and more the if she continued to miss payments.
Answer:
Account receivable balance = $1,100 - ($1,100* 5%)
Account receivable balance =$1,100 - $55
Account receivable balance = $1,045
Date Account Title Debit Credit
Cash Account $1,045
To Accounts receivable $1,045
Answer:
The answer is:
when a nation's central bank makes an open market purchase of 20-year bonds, short-run effect is that the quantity of money in circulation increases, interest rates are low because the nation's commercial banks have more money to lend. Households and businesses are motivated to borrow money because of low rates
Explanation:
This is a monetary tool - open-market operation which is a situation in which when the central bank purchases securities inorder to increase the money supply and sells securities to decrease the money supply.
So when a nation's central bank makes an open market purchase of 20-year bonds, short-run effect is that the quantity of money in circulation increases, interest rates are low because the nation's commercial banks have more money to lend. Households and businesses are motivated to borrow money because of low rates.
This is usually done to stimulate the economy i.e to stop the economy from slowing down.
Answer:
B = Age and life cycle stage but not too sure
Answer:
$25,778
Explanation:
During the first year, $4,800 were deposited. Using the future value of an investment formula, after one year, this amount becomes:
X = 4,800 (1+0.09)
= 5,232
Now, they add $6,600 to that amount. Now we have a total of:
6,600 + 5,232 = 11,832
During year two, the amount above becomes:
X = 11,832 (1+0.09)
= 12,897
And at the end of year two, $8,800 are added. Now we have a total of:
12,897 + 8,800 = 21,697
During years three and four, that amount finally becomes:
X = 21,697 (1+0.09)^2
= 25.778
Thus, after four years, the Jenkisn Family Fun Center will have $25,778 to buy the equipment.
