Answer:
The answer is: 36.2 months
Explanation:
First, let us calculate the total amount to be repaid after interest has been added.
interest = 8.25% = 0.0825
interest in amount = 0.0825 × 20,000 = $1,650
Total amount to be repaid = Original amount + interest
= 20,000 + 1,650 = $21,650
Next, we are told that the repayment is made monthly at $596.59 per month, therefore number of months required to pay $21,650;
$596.59 = 1 month
∴ $21,650 = 21,650 ÷ 596.59 = 36.28 = 36.3 months ( to one decimal place)
The sales budget and the schedule of cash receipts.
Option B.
<u>Explanation:</u>
Account receivable is the account which consists of the amount that is to be received by a firm for the goods and the services that have been delivered to the customers but the amount and the payment has not yet been received by the firm for the same.
The amount of money that is still to be received can be derived from the accounts having the sales that is done by the firm to the clients.
Answer:
The balance on the capital account=-$142 billion
Explanation:
The formula for determining the balance on the capital account can be expressed as;
CU+FA+CA+SD=0
where;
CU=balance on the current account
FA=balance on the financial account
CA=balance on the capital account
SD=statistical discrepancy
In our case;
balance on the current account=$346 billion
balance on the financial account=-$204 billion
balance on the capital account=unknown=c
statistical discrepancy=0
replacing;
346+(-204)+c+0=0
142+c=0
c=-142
The balance on the capital account=-$142 billion
The American healing and reinvestment act of 2009 is a good instance of fiscal policy.
Fiscal policy is the usage of government spending and taxation to persuade the financial system. Governments commonly use economic coverage to sell strong and sustainable increase and decrease poverty.
The 2 major examples of expansionary fiscal policy are tax cuts and accelerated government spending. each of those policies is meant to increase aggregate demand even as contributing to deficits or drawing down financial surpluses.
Fiscal coverage refers to the tax and spending guidelines of the federal government. fiscal coverage choices are determined via Congress and the administration; the Fed performs no role in determining economic policy. fiscal coverage is the use of authorities' spending and taxation to influence the economic system. Governments generally use financial policy to sell sturdy and sustainable increases and reduce poverty.
Fiscal coverage is the means by using which the authorities adjust their spending and revenue to persuade the broader economic system. by way of adjusting the stage of spending and tax sales, the authorities can affect the economic system by using either growing or decreasing financial activity in the brief time period.
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