Last year, baldwin corp paid their workers $26. 81 per hour. how much will they be paying them 2 rounds from then?
1 answer:
Last year, Baldwin corp paid their workers $26. 81 per hour. They will be paid $29.56 two rounds from then.
It is shown from Baldwin's statement that they increase the salaries of workers by 5% every year.
In 2 rounds/years, therefore, the salary will be:
= 26.81 × (1 + 5%) ²
= 26.81 * 1.05²
= 29.558025
= $29.56
Therefore in 2 rounds from now, they will be paid $29.56.
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Answer:
Explanation:
Balance sheet: In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:
Total assets = Total liabilities + stockholder equity
The debit and credit side of the balance sheet should always be equal and balanced.
Moreover, it always is prepared on the specified date.
The land is a fixed asset and patents is an intangible asset. Thus these items would not come in the current asset section
The preparation of the current assets section of the balance sheet is presented in the spreadsheet. Kindly find the attachment below:
