Answer: The correct answer is "d. a preference toward a smooth consumption path over time.".
Explanation: The main reason people save during their working years is a preference toward a smooth consumption path over time since they prefer to consume what is just and necessary so that in the future, even if they are affected by different circumstances, they can continue to maintain the same standard of living and / or consumption.
Answer:
Statements "A" is true.
Explanation:
During a financial recession and a cynical domain, the yield spread between government securities and corporate securities could be higher than during great monetary occasions. This is because the grounds that during a recession, corporate securities would convey more hazard, (for example, higher default chance) than during great monetary occasions. To make up for this extra hazard, financial specialists would request more returns.
Answer:
$867,000
Explanation:
Assets are economic resources controlled by the entity as a result of past events from which cash is expected to flow into the business.
The Amount of Total Assets Available is calculated as follows:
Beginning Balance $860,000
Equipment Acquired $7,000
Supplies Inventory $3,600
Cash payment for Supplies ($3,600)
Cost of Land sold ($16,000)
Cash Proceeds from the sale of land $16,000
Total Assets $867,000
