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3 years ago

9

15. The normal balance side of any expense account is (A) the debit side. (B) the credit side. (C) the right side. (D) either th

e debit side or credit side.

1 answer:

USPshnik [31]3 years ago

7 0

Answer:

The answer is a the debit side

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Roberta is a real estate licensee representing the buyer. The buyer asks to see homes in a specific neighborhood. Roberta refuse

DerKrebs [107]

Answer:

Yes.

Explanation:

The fair housing law act is a law prohibits discrimination in the process of renting , buying or selling a house. This discrimination may be based on race , skin , color , sex , nationality ,or any other characteristic towards a protected group,

Declining the buyer the opportunity to inspects home in a particular neighborhood because nobody form his country lives in that area is an act that violates fair housing laws as the process seems to be biased towards a group of people from a particular country.

4 0

4 years ago

Abe owns a 1-bedroom cooperative apartment, which accounts for a 1.2% ownership stake among the other shareholders. If the annua

Tamiku [17]

Answer:

$485

Explanation:

Annual budget = $485,000

Monthly budget= $485,000/12

=$40,416.7

Abe responsibility=1.2%

40,416= 100%

1.2%=?

=40,416/100 x1.2

=404.16x1.2

=484.99

$485

6 0

4 years ago

A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: Th

xenn [34]

Answer:

The value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

Explanation:

Since the student's desired return of 6% will also start to be paid starting on his 65th birthday, the value of this deferred annuity today on his 50th birthday can be calculated by first calculating the value of the investment on the 65th birthday.

We therefore proceed with the following two steps:

Step 1: Calculation of the value of the investment on the 65th birthday

The value of the investment on the 65th birthday can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the annuity at 65th birthday =?

P = Annuity payment = Invested amount * Student's desired return = $8,900 * 6% = $534

r = Student's desired return rate = 6%, or 0.06

n = number of more years anticipate to live after 65th birthday = 21

Substitute the values into equation (1) to have:

PV at 65 = $534 * ((1 - (1 / (1 + 0.06))^21) / 0.06)

PV at 65 = $534 * 11.764076621288

PV at 65 = $6,282.02

Therefore, the value of the investment on the 65th birthday is $6,282.02.

Step 2: Calculation of the value of this deferred annuity today on his 50th birthday

The value of this deferred annuity today on his 50th birthday can therefore be calculated using the simple present value for as follows:

PV at 50 = PV at 65 / (1 + r)^N …………………………….. (2)

Where;

PV at 50 = the value of this deferred annuity today on his 50th birthday = ?

PV at 65 = Present value of the annuity at 65th birthday = $6,282.02

r = Student's desired return rate = 6%, or 0.06

N = number of years from 50th birthday to 65th birthday = 65 - 50 = 15

Substitute the values into equation (2) to have:

PV at 50 = $6,282.02 / (1 + 0.06)^15

PV at 50 = $6,282.02 / 2.39655819309969

PV at 50 = $2,621.27

Therefore, the value of this deferred annuity today on his 50th birthday is <u>$2,621.27</u>.

5 0

3 years ago

Rank the six economic goals from most important to least important. write a one- or two-sentence justification of your rankings

Anton [14]

<span>1. 1. 1.A Better Life - The ability to provide a better life for my son, than the one my parents were able to give to me. At least in terms of not having to want for things, education and the ability to travel. 2. Status - Lifestyle status is a massive thing where we live, and we chose to live in our area for easier access to better schools, convenience shopping, higher quality food shops and restaurants. 3. Health - Being able to provide quality Health and Medical Insurance for my family is much more important than the actual salary. As long as my family are well covered we feel much more safe and stable. 4. Salary - Having enough to cover our needs and a bit extra has a great sense of satisfaction and the idea of a safety net is very nice. 5. Holidays - Just being able to go to a different place on holiday or to visit family at least twice a year is extremely important. 6. Stability - To be able to buy and have he things that you want, when you want them. Not to think how this may damage your savings etc.</span>

8 0

4 years ago

Which of the following statements is FALSE?

tankabanditka [31]

Answer:

D)The yield to maturity of a callable bond is calculated as if the bond were called at the earliest opportunity.

Explanation:

The callable bond should be trade at the less price so it would generate the high return as compared with the non-callable bond. Whenever it is low it generated the high return but it could not increase over and above to the call value at the time when the yield is less. Also prior to the call date the investors expected that the issuer would follow and the price of the bond represent the given strategy

but the yield to maturity should not be measured at the time when the bond can be called

Therefore d option should be considered

8 0

3 years ago