Answer:
$6,195 for te 20119-2020 year.
Explanation:
The Pell Grant is a financial aid given to students who have money needs and doesn't have an undergraduate degree. The amount a person can get changes every year depending on several factors like family contribution and if the student will be attending full-time or part-time but the maximum amount for the year 2019-2020 is $6,195.
Answer: 31155.5
Explanation:
The following can be deduced from the question:
Money won = $1,000,000
Installments made yearly = $50,000
Interest rate = 5%
The yearly deposits made by Svetalana will be: = 500000-x
The future Value of the yearly deposits made by Svetalana will be:
= (50000-x) × (1/(1.05) + (1/(1.05)^2 .....(1/(1+0.05)^20))
= (500000-x) × 33.066
We should recall that the interest from the question is equated to x. This will be:
33.066 × (50000-x) × 0.05 =x
1.6533(50000 - x) = x
82665 - 1.6533x = x
2.6533x = 82665
x = 82665/2.6533
x = 31155.5
Answer:
The correct answer is letter "B": Both statements are correct.
Explanation:
A futures contract is a type of forward contract between a buyer and a seller of an asset. They agree to exchange goods and money at a future date but at a price and quantity determined today. Futures contracts are standardized, regulated, and free of counterparty risk. In difference to other forward contracts, futures contracts are traded in secondary markets such as the Chicago Mercantile Exchange and the Intercontinental Exchange.
A forward contract is an agreement to buy and sell an asset at a future date. The price of the asset is fixed at the time the contract is executed. They are similar to a futures contract but forward contracts do not trade in an exchange.
Answer: there should be 8 new books in each package and there should be 24 used in each package.
Explanation:
8 time 17 is 136 then you add 24 times 7 and you get 168. Then you add that together to get a total of 304 dollars
Answer:
Adjusting Entry
December 31,
Dr. Service Revenue $3,000
Cr. Unearned Revenue $3,000
Explanation:
Using alternate treatment the cash received in advance is recorded as the revenue initially.
On September following entry was performed
Dr. Cash $15,000
Cr. Revenue $15,000
At the end of the year services of 4 months have been performed and the amount of one month's service is received in advance until this date. It needs to be adjusted according to the accrual concept.
