Answer:
It emphasize on applicant's continued interest because when you create a follow up letter after rejection, candidate should be confident and persistent . He should show confidence in meeting the job requirements.
Explanation:
When Federal reserve banks purchase government securities from commercial banks, they increase the reserves in the banking system and they also increase the lending ability of the commercial banks.
If the Federal reserves want to increase the reserves, what they do is to buy securities. They then make a deposit to the account held at the commercial bank.
An example is if the Feds should buy securities of 1000 dollars, the bank would be having an excess of 1000 dollars to lend.
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Specific Identification is the accounting record of the transactions of the proposal, that is, an inventory method that tracks which item is actually sold and debits.
<h3>What is specific identification?</h3>
It is an accounting record between income and expenses, used to keep track of identifiable and cost-specific inventory items.
This method gives managers or members of an entity a greater possibility of manipulating profits by identifying units in ending inventory as coming from specific purchases.
Therefore, we can conclude that the specific identification method is to track the cost of each item or category of products in the inventory.
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The amount that must be put aside now is $458,796.85.
<h3>How much should be put aside now?</h3>
The first step is to determine the future value of the annuity:
Future value = yearly payment x annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
- r = interest rate = 6%
- n = number of years = 20
$40,000 x [(1.06^20) - 1] / 0.06 = $1,471,423.65
Now, determine the present value of this amount: $1,471,423.65 / (1.06^20) =$458,796.85
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