Answer:
r = (FV/PV)^(1/n) – 1
and
Interest is 6.05 %
Explanation:
Interest is calculated as :
r = (FV/PV)^(1/n) – 1
Thus,
The formula that can be used to calculate the interest rate is
r = ($432,000/$240,000)^(1/10) – 1
= 6.05 %
Answer:
Medical information of the application includes information on the prospective insured's medical background, present health, any medical visits in recent years, medical status of living relatives, and causes of death of deceased relatives.
Answer:
Inventory Turnover
Explanation:
This is an example of inventory turn over ratio.
By definition an inventory turnover ratio measures the number of times the the company has sold and replaced the inventory.
It is calculated by the following formula,
Inventory Turnover = Cost of goods sold / Average inventory.
All the other options are irrelevant in context with the definition provided.
Hope that helps.
Answer: Please refer to answer
Explanation:
The relates adjusting entries are,
December 31, 2015
DR Vacation Benefit Expense (29*250) $ 7,250
CR Vacation Benefits Payable $7,250
(Accounting for Vacation Benefit Payable)
December 31, 2015
DR Warranty Expense ( (4000*0.06) *12) $2,880
CR Estimated Warranty Liability $2,880
(Accounting for Warranty Liability)
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