c pay the miminum balance each month
For this case we have an equation of the form:
Where,
A: initial amount
b: growth rate
x: number of years
Substituting values we have:
By the time the earnings increase to 75000 we have:
From here, we clear x:
Answer:
you will have to wait until 23.95 years your winnings are worth $ 75,000
Answer and Explanation:
The journal entry is shown below
Cash $46,620
To Notes Receivable $44,400
To Interest receivable ($44,400 × 15% × 120 days ÷ 360 days)
(Being the cash received is recorded)
Here we debited the cash as it increased the assets and at the same time we credited the interest receivable and the note receivable as it decreased the assets
The same is to be considered
Answer:
Violated employees personal compact.
Explanation:
The manager at Seasons Hotel wanted to change the incentive system to offer bonuses tied to the hotel's financial performance, but the employees refused to comply. This example shows that the manager has violated employees personal compact which is defined as the formal, social and psychological aspects of the relationships between the workers and the organization. It is termed as the mutual commitments and obligations which are stated and implied between the employer and the employee. Here, the manager has broken and violated that implicitly set rules when he has tried to tie the incentive system with the financial performance of the Hotel which workers can think that will be difficult to get if the Hotel doesn't not perform well.
Answer:
C. Debt Service Fund.
Explanation:
Dept service funds can be described as monies or reserves which are been used to pay for capitals, interest and certain dept that have accrued by the company and it can cover for any other form of dept owed by the company.
It's existence is put in place to reduce the risk of a debt security for future investors. This can be paid out monthly mid-monthly, quarterly or possibly yearly.
This why the tax on general obligation bonds that has been put upon Downtown city to finance the hall has it receipts in place at the dept service fund office.
