Answer:
$6,424
.06
Explanation:
Present value (PV): $5,000
Rate: 5.14% per annual
Tenor: 5 years
The amount of money accrued at the end of 5 years is the future value (FV) of investment
FV = PV * (1+rate)^tenor
= $5,000 *(1+5.14%)^5
= $6,424
.06
This is <u>not true</u> with regards to investing in stock: <u>A. A stockholder</u> will always receive a profit when the stock is sold.
<h3>Who is a stockholder?</h3>
A stockholder is a <u>part-owner</u> of a company who holds a stock.
The stockholder or shareholder may be a person, an institution, or another company.
Thus, it is <u>not true</u> that <u>A. A stockholder</u> will always receive a profit when the stock is sold.
Learn more about investing in stock at brainly.com/question/25300925
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The correct answer is option b, debit to cash short and over for $13. The petty cash fund is a debit account, meaning it increases with entries posted on the debit side and decreases with entries posted to the credit side. Replenishing the fund here means injecting cash to reach the initial $150. To obtain the replenishing amount, you just subtract the debit entries in the fund $54 and $83 from the $150, i.e. $150 - ($54 + $83) = $13.