Answer:
The correct answer is C
Explanation:
Bank asset is the assets which represent the ownership of the value capable of being converted into cash. So, the reserve which the banks hold or refrain from using will be classified as the asset for the bank. And the deposit made by the customer will be classified as the current liability as the bank allows the customers to use their deposits whenever they want to use.
Therefore, the reserve is a part of bank asset whereas the deposits will not be a part of bank asset.
Answer:
Yes. Roy can successfully challenge this arbitration award in court.
Explanation:
According to the law, an arbitration clause is a part of the contract between Roy and Secure Investments, Inc. that deals with these parties' rights and options in the event of a legal dispute over their contract. Like in most arbitration clauses, Roy and Secure Investments, Inc. must have agreed not to sue each other but instead, to resolve their disputes through the arbitration process. But the res judicata effect produced through an arbitration can either be challenged and appealed against or enforced. Roy, depending on the merits of his case, can make a successful appeal against the arbitration award and not against the arbitration itself.
Answer:
interest rate r = 6.78 %
Explanation:
given data
investment = $12,000
interest rate = 3.5 percent = 0.035
time = 5 year
interest rate = 7.9 percent = 0.079
time = next 15 year
to find out
What was your annual rate of return over the entire 20 years
solution
we get here interest rate as
interest rate r = ![[(1+r)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1](https://tex.z-dn.net/?f=%5B%281%2Br%29%5E%7Bt1%7D%20%2A%20%281%2Br%29%5E%7Bt2%7D%5D%5E%7B%5Cfrac%7B1%7D%7Bt1%2Bt2%7D%7D%20-%201)
...................1
here t1 is time period for first 5 year and t2 is time i.e next 15 year and r1 and r2 is rate
now put here value we get
interest rate r = ![[(1+)^{t1} * (1+r)^{t2}]^{\frac{1}{t1+t2}} - 1](https://tex.z-dn.net/?f=%5B%281%2B%29%5E%7Bt1%7D%20%2A%20%281%2Br%29%5E%7Bt2%7D%5D%5E%7B%5Cfrac%7B1%7D%7Bt1%2Bt2%7D%7D%20-%201)
interest rate r = ![[(1+0.035)^{5} * (1+0.079)^{15}]^{\frac{1}{5+15}} - 1](https://tex.z-dn.net/?f=%5B%281%2B0.035%29%5E%7B5%7D%20%2A%20%281%2B0.079%29%5E%7B15%7D%5D%5E%7B%5Cfrac%7B1%7D%7B5%2B15%7D%7D%20-%201)
interest rate r = 1.0678 - 1
interest rate r = 0.0678
interest rate r = 6.78 %
Answer:
A. National income must equal domestic product.
True.
Explanation:
National Income is the total value of goods and services produced in a country during a financial period. It is total income from a country's economic activities.
Domestic product is monetary value of all economic activities of a country during a period.
National Income is sum of Investments, Savings, Government expenditures and net exports. National Income equals the domestic products of a country. The equation is as follows:
C + I + G + (X - IM) = DI + NT.
The statement given is true. Disposable income equals the saving plus consumption. The excess of disposable income which is not consumed is saved. Sum of saving and consumption must equal Disposable income in an economy.
Answer:
$12,500
Explanation:
Bonus = 10% x ($200,000 - taxes)
Bonus = $20,000 - 0.1T
So we must now find T:
T = 40% x ($200,000 - Bonus)
T = $80,000 - 0.4Bonus
now we can replace:
Bonus = $20,000 - 0.1($80,000 - 0.4Bonus)
Bonus = $20,000 - $8,000 + 0.04Bonus
Bonus - 0.04Bonus = $12,000
0.96Bonus = $12,000
Bonus = $12,000 / 0.96 = $12,500
