Assume that your parents wanted to have $ 140 comma 000 saved for college by your 18th birthday and they started saving on your first birthday. they saved the same amount each year on your birthday and earned 11.0 % per year on their investments. a. how much would they have to save each year to reach their goal? b. if they think you will take five years instead of four to graduate and decide to have $ 180 comma 000 saved just in case, how much would they have to save each year to reach their new goal?

Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Arecession is defined as a period in which