<span>You are given Nigel's current balance of $668.47 in an account he has held for 15 years. Also you are given an initial deposit of $497. You are asked to find the simple interest rate on the account. You will use the simple interest formula, F = P(1 + rn) were F is the current balance, P is the principal amount deposited, r is the rate and n is the number of years.
</span>F = P(1 + rn)
668.47 = 497(1 + r(15))
r = 0.023 or 2.3%
Deffered Revenues, will not increase or decrease the fund balance of general fund during the fiscal year, as it is revenue which has not been earned yet, and cannot be shown as incomes in the Income statement, thus it is a liability which will be due if the service is not complete.
Other financing sources may increase or reduce the fund depending upon what kind of finance has been provided.
If we want us to be in a healthy cash position at the end of the year then we have to ensure that there will be less long term debt and more investments at that time in our balance sheet.
Given that we want us to be in a healthy cash position at the end of the year.
We are require to find the way how can we will be in a healthy cash position at the end of the year.
A cash position basically represents the amount of cash that a company, investment fund, or bank has on its books at a specific point in time.
If we want us to be in a healthy cash position at the end of the year then we have to ensure that there will be enough investments in our balance sheet and less debt.
Hence if we want us to be in a healthy cash position at the end of the year then we have to ensure that there will be less long term debt and more investments at that time in our balance sheet.
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Answer:
D. Kurt’s division is less risky than the other divisions.
Explanation:
Based on the information provided within the question it can be said that the most likely reason is that Kurt’s division is less risky than the other divisions. Just as the saying goes "the greater the risk, the greater the reward", the same goes for the opposite, the lower the risk that a division has to undertake the lower the percent for the required return.