Answer:
248 UTILS
Explanation:
Total Utility is the total satisfaction from consumption of all units of a good.
Marginal Utility is the additional satisfaction from consuming an additional unit of a good.
TU = ΣMU ; MU = TUn - TUn-1
Law of Diminishing Marginal Utility states : A good's units of consumption increase makes it additional satisfaction i.e MU to rise lesser in the successive unit than in the preceding one. Eg - A thirsty person will get higher satisfaction from the 1st glass of water than the 2nd glass.
If the case gIven follows Law of DMU : (Given- [email protected] unit < [email protected] unit) i.e (56<63) ; Following must would have been the case :
[email protected] unit > [email protected] unit > [email protected] unit - First two MUs would at least be 65, 64 (least possible whole no. integer values > 63).
So , Minimum TU (1..4) = ΣMU = 65 + 64 + 63 + 56 = 248 utils
Answer:
Steelers Inc.
a) Journal entries:
Sept. 12
Debit Available for Sale Investment $133,200
Credit Cash Account $133,200
To record investments in the common stock of Bengals Inc., 11,110 shares at $12 per share.
Dec. 31:
Debit Unrealized Loss on Available for Sale Investment $22,200
Credit Available for Sale Investment $22,200
To record the fair value of the investment.
b) The unrealized gains and losses are included in other comprehensive income within the equity section of the balance sheet.
The loss will, therefore, be deducted from other comprehensive income.
Explanation:
Investments held for sale are accounted for at fair value. This implies that at the end of any accounting period, the fair value of the investments will be determined. This is usually the market value. Then, adjustments are made in the asset account according to the fair value. There will be recognized either unrealized gain or loss, which are taken to other comprehensive income in the balance sheet under the equity section.
C) Do you have a good credit report and credit score?
Answer:
$974.969721935.
Explanation:
So, the assumed discount rate is six(6) percent(%). That is r = 0.06, hence, the amount I will be needing in the next 18 years for my child = $31,940. So, let us Calculate my yearly savings starting today by using the mathematical formula or representation below;
Amount needed in 18 years = (amounts to be saved starting from today, x)/ r × [ ( 1 + r )^n - 1] × ( 1 + r).
$31,940 = x/ 0.06 × (1 + 0.06)^18 - 1 × ( 1 + 0.06).
Solving for x, we find that;
The amounts to be saved starting from today, x = $31,940/ 32.7599917017.
=> The amounts to be saved starting from today, x =$974.969721935.
