Of course it is it would be bad if something went wrong and the borrower had to repay it.
Answer:
Bob is calculating the nominal gross domestic product GDP for 2018.
Explanation:
The nominal GDP includes the market value of all the final and legal goods and services produced within a country during a certain period (generally a year). Since it uses current market values, it is not adjusted to inflation nor measures real GDP.
Answer:
Therefore after 16.26 unit of time, both accounts have same balance.
The both account have $8,834.43.
Explanation:
Formula for continuous compounding :
P(t)= value after t time
= Initial principal
r= rate of interest annually
t=length of time.
Given that, someone invested $5,000 at an interest 3.5% and another one invested $5,250 at an interest 3.2% .
Let after t year the both accounts have same balance.
For the first case,
P= $5,000, r=3.5%=0.035
For the second case,
P= $5,250, r=3.5%=0.032
According to the problem,
Taking ln both sides
Therefore after 16.26 unit of time, both accounts have same balance.
The account balance on that time is
=$8,834.43
The both account have $8,834.43.
Answer:
Check the following calculations
Explanation:
a). Current portion of income tax expense = Taxable income * tax rate
= $650,000 * 35%
= $227,500
b). Deferred portion of income tax = (Pretax income - Taxable income) * Tax rate
= ($75,000 - $650,000) * 35%
= $35,000
c). Journal entries: image attached
The answer is a, a cash reserve