Answer:
Instructions are listed below
Explanation:
Giving the following information:
You have just made a $1,500 contribution to your retirement account. Assume you earn a rate of return of 8.7 percent and make no additional contributions.
To find the final value we need to use the following formula:
FV= PV*(1+i)^n
A) n= 25
FV= 1500* (1.087^25)= 12073.41
B) n= 20
FV= 1500*(1.087^20)= $7955.77
Answer:
D- income statement accounts are temporary accounts and do not retain their balances from one period to the next.
Explanation:
quizlet
Answer:
the journal entry to record bond issuance:
Dr Cash 1,444,000
Dr Discount on bonds payable 76,000
Cr Bonds payable 1,520,000
amortization of discount on bonds payable = $76,000 / 5 = $15,000
coupon payment = $91,200
total interest expense per year = $106,200
total interest expense for the 5 year period = $106,200 x 5 years = <u>$531,000</u>
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Answer: 1. Decreasing
2. Increasing
Explanation: i guess on it my guy
<span>Rent control, which sets apartment rents below the equilibrium price, is an example of a GOVERNMENT-MANDATED PRICE CONTROL.
Rent control benefits the tenants because the landlord can't demand they pay higher rent under the Rent Control Act of 2009.</span>
