Answer:
Annual deposit= $7,904.78
Explanation:
Giving the following information:
Future Value (FV)= $497,000
Number of periods (n)= 22 years
Intesrest rate (i)= 9% compounded annually
<u>To calculate the annual deposit, we need to use the following formula:</u>
<u></u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (497,000*0.09) / [(1.09^22) - 1]
A= $7,904.78
Answer:
tangible goods
Explanation:
Tangible goods are commodities that people can can see or touch. Examples include;
jewelry, computers, clothing
Answer:
Please consider the following explanation.
Explanation:
Bob is correct in this case as Penny didn't make a claim that the goods were non-conforming. Penny is incorrect. Since there was no claim of non conformance, Bob doesn't have to refund the $3.000.
Answer: Please find answer in explanation column
Explanation:
Journal entry to record payment of Salaries and wages
Dates Account title Debit Credit
Jan 9 Salaries and Wages Payable $2,870
Salaries and Wages Expenses $3,040
Cash $5,910
Calculation
Salaries and wages Expense = Cash -Salaries and Wages Payable
= $5,910- $2,870=$3,040
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