This year, the annual tuition at a public four-year university is $5,290. Next year when Jarrod attends his first year, the tuit
1 answer:
The correct statement is that the minimum contribution to be saved by Jarrod on a monthly basis should be $461. So, the correct option from the choices given above is B.
The monthly contribution can be calculated by taking into consideration the rise in tuition fee and then dividing such obtained amount by number of months left for such accomplishment of savings.
<h3>Calculation of monthly contribution.</h3>- The formula for calculation of tuition fees of university will be computed by the formula using the given information as,
- The monthly contribution can be calculated by using the available values in the formula as,
- So the approximate monthly contribution to be made by Jarrod will be $461 every month.
Hence, the correct option is B that the approximate minimum monthly contribution to be made by Jarrod to save for university tuition fee will be $461.
Learn more about monthly contribution here:
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Answer:
cyclical unemployment.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Cyclical unemployment rate (CU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Natural Rate of Unemployment (NU).
A cyclical unemployment can be defined as a type of unemployment which is typically related to changes in the business, economy or industry cycle such as recession, governmental policies etc.
Mathematically, cyclical unemployment rate can be calculated using the formula;
Hence, the increase in unemployment that occurs during recessions and depressions is called cyclical unemployment
Answer:
Explanation:
Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
The debit and credit side of the balance sheet should always be equal and balanced.
Moreover, it always is prepared on the specified date.
The land is a fixed asset and patents is an intangible asset. Thus these items would not come in the current asset section
The preparation of the current assets section of the balance sheet is presented in the spreadsheet. Kindly find the attachment below:
