Answer:
$1731692.97
Explanation:
FV (end of 34 years) = (7863*(1.118)^9) * (1.192)^25 = $1731692.97
Answer:
Cash budget
Explanation:
A budget is a financial plan that calculates a firm's expectations and uses that information to allocate the expectations to specific needs of the firm, to ensure its efficient and smooth running over a given period of time.
A cash budget as seen above is a type of budget that projects a firm's expectations cash-wise (inflwo and outflow), shortages and surpluses during a given period (say one year or two years, etc.).
Cheers.
Answer:
The Interest Rate and how much you owe.
Explanation:
If you have a rate of 10% a month
and you owe $100, the next month you owe $110
or if you owe $50, then next month you owe $55
Answer:
Scarce resources.
Explanation:
A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.
Hence, a proper allocation of scarce resources would improve the standards of living in a country.
Answer: Price of pumpkins will fall compared to last year.
Explanation: Favorable weather leading to a larger crop than usual means that there is more supply of pumpkins this year than before. Shifting the supply curve down to the right. At the same time, when people switch away from jack-o'-lanterns towards buying more costumes, it leads to a decline in the demand for pumpkins shifting the demand curve to the left.
The net result will be a decline in the demand for fall in the price of pumpkin. However, the effect on the quantity cannot be determined as it depends on the magnitude of shift in the two curves.
