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2 years ago

Question content area prepaid expenses are eventually expected to become:

1 answer:

3 0

Prepaid expenses are eventually expected to become expenses when their future economic value expires. This is further explained below.

<h3>What are Prepaid expenses?</h3>

Generally, Prepaid expenses are simply defined as an asset on the balance sheet since they represent cash spent in advance for products or services.

In conclusion, When the future economic worth of costs that have been prepaid expires, the prepaid amount is written off as an expense.

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How much would Roderick have after 6 years if he has $500 now and leaves it invested at 5.5% with annual compounding?a. $591.09b

Dimas [21]

Answer:

Roderick will get $689.421 after 6 years

So option (d) is correct

Explanation:

We have given that Roderick invested $500 at a rate for 6 years

So principle amount P = $500

Rate of interest r = 5.5 %

Time n = 6 years

We have to find total amount which Roderick get after 6 years

We know that total amount is given by

$A=P(1+\frac{r}{100})^n$

So total amount $A=500(1+\frac{5.5}{100})^6=$689.421$

So Roderick will get $689.421 after 6 years

So option (d) is correct

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3 years ago

Angela's car payment is due January 31. This bill is always paid automatically from her checking account. It is January 30 and A

OlgaM077 [116]

My best guess is B. Transfer money online from her savings account to her checking account. But not certain about my answer. :(

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3 years ago

Which of the following is/are appropriate displays for the distribution of salaries at a small company with 75 employees?

pshichka [43]

II. Histogram and III. Stem-and-leaf Plot

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3 years ago

The management of Lanzilotta Corporation is considering a project that would require an investment of $280,000 and would last fo

Neko [114]

Answer:

3.37 years

Explanation:

Calculation to determine what The payback period of the project is closest to

First step is to calculate the Net Cash inflow for the year

Net Cash inflow for the year =$114,000-$31,000

Net Cash inflow for the year =83,000

Now let calculate the Payback period

Using this formula

Payback period=investment/Net Cash inflow for the year

Let plug in the formula

Payback period=$280,000/83,000

Payback period=3.37 years

Therefore The payback period of the project is closest to 3.37 years

5 0

3 years ago

A natural resource, such as fishing territories, is considered an example of :

MrMuchimi

Answer: Option C

Explanation: In simple words, land refers to the place where the core operations of the business have to happen initially such as manufacturing, administration etc.

Capital refers to the resources that are invested by owners with the objective of operating business. And labor refers to the man force employed in business for operations.

Hence fishing territory is a land as it is not invested by any owner and without any employment of workforce it does not have any utility.

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3 years ago