Discretionary spending B. IS SPENDING WHICH REQUIRES GOVERNMENTAL APPROVAL ON AN ANNUAL BASIS.
The government approval required is through its appropriations bill. It is an optional part of fiscal policy.
In an individual's point of view, discretionary spending is money spent on non-essential purchases, these purchases are based on what they want not on what they need.
Carpenters work with wood, so I think it should be B, since that doesn't include wood.
Answer:
4%
Explanation:
Interest included in $918000 is for six months from 10/1/18 to 4/1/12.
Interest for first three month period from 10/1/18 to 31/12/18 = $9000.
This implies that :
Interest from 1/1/19 to 4/1/19 = $9000.
Principal amount excluding interest due:
= Baker's obligation amount - Accrued interest - Accrued interest
= $918,000 - $9,000 - $9,000
= $900,000
Interest rate:
= [($9,000 × 12/3) ÷ 900000] × 100
= 4%
The philosophy of utilitarianism is used to explain why restaurants, theaters, and hotels should make themselves handicapped accessible - False.
<u>Explanation:</u>
The principle of Utilitarianism highly focus on the happiness and pleasure that is given to the society. It determines the happiness that is attained by many number of people. It also focus on the pattern of how goods and services are being consumed by the people.
The maximum utilization of a good or service that gives maximum happiness to many people. It is related to the happiness and hence in the given scenario it is falsified. Anything that creates happiness and pleasure to many people is only considered as valuable in this principle. The things that leads to unhappiness or suffering is not considered as valuable.
Answer:
$105.34
Explanation:
Given:
- Coupon rate of 6.7% semiannually = 6.7%/2 = 3.35% (semi-annually)
=> Coupon payment: $100*3.35% = $3.35
- Yield to maturity is : 3.1% + 0.8% = 3.9%/2 = 1.95% (semi-annually)
Using present value formula in excel
pv=(rate,nper,pmt,fv)
pv = (1.95%, 4, 3.35,100)
pv = $105.34
The price of the firm's outstanding two-year bonds be per $100 of face value is: $105.34