Answer: c. Crowdfunding
Explanation: Crowdfunding is funding by many individuals pooling their money together for a common goal, usually via the Internet. The required amount for the project is raised by pooling small sums of money from a large number of people. Each individual acts as an agent of the offering, by selecting and promoting the projects in which they believe in. A wide range of profit-based ventures such as creative projects, medical expenses, travel etc. have employed crowdfunding as a means of sourcing funds.
Answer: Bond A = $14,000
Bond B = ₦6,000
Explanation:
We can solve by setting up mathematical equations.
Let A and B be used to express the dollar amounts invested at 8% and 10% respectively.
Capital invested equation becomes A + B = 20,000 - - - - - eq 1
Percentage interest equation becomes 8% of A + 10% of B = 1,720
To remove percentages we multiply through by 100, which gives
8A + 10B = 172,000 - - - - - - eq 2
So we have two simultaneous equations.
To solve, we multiply eq 1 by 10 so by subtraction we can eliminate B, then solve for A. Eq 1 becomes
10A + 10B = 200,000 - - - - eq 3
Subtract eq 2 from eq 3
(10A - 8A) + (10B - 10B) = 200000 - 172000
2A = 28000
A = 28000/2 = $14,000
A + B = 20000 from eq 1
Now A is 14000
14000 + B = 20000
B = 20000 - 14000
B = $6,000
Therefore capital invested is $14000 for bond A and $6000 for bond B
B is the answer
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Answer:
A) a consequence of the fact that productive resources are scarce relative to economic wants
Explanation:
The economizing problem faced by a society refers to the fact that people's desires of products and services are unlimited but the resources that are used to produce them like capital and labor are limited. According to this, the answer is that the economizing problem faced by a society is a consequence of the fact that productive resources are scarce relative to economic wants.
The other options are not right because the economizing problem faced by a society is about consumers desires and the availability of resources, it doesn't refer to product prices or incomes.
Answer:
The relevant costs to go into this schedule of cost of contract services performed will be those that are directly related to contract work.
Administrative costs are not to be included in the schedule but will instead go to the Income statement.
