Answer:
"$25,800" is the appropriate answer.
Explanation:
Given:
Credit sales,
= $45,000
Beginning balance,
= $16,800
Collections,
= $36,000
now,
The accounts receivable balance will be:
=
On putting the values, we get
=
=
= ($)
Answer:
C). It requires that the funds be kept in the account for a minimum fixed period of time e.g. 90 days
<u>Multiple- choices</u>
A). You have to earn at least $100,000 in salary to be allowed to buy a CD
B). It is just a different name for a savings account
C). It requires that the funds be kept in the account for a minimum fixed period of time e.g. 90 days
D). Only large banks offer them
Explanation:
Banks and other financial institution offer certificates of deposit (CD) saving account to customers who intend to limit the number of withdraws. This type of savings account pays a higher interest rate than the regular savings account. A customer wishing to open this account agrees with the bank on the duration that they want to save the money. Withdrawals can only be made after the agreed period lapses. Should the customer demand for their money before the end of the agreed period, they may get penalized by the banks.
Answer:
Present value = $62311.05
Explanation:
to calculate the Pv using a financial calculator
pmt = $5000, interest 5%, n= 20, FV=0
PV= $62311.05
OR USING FORMULA
PV = C *[1-1/(1+r)^t]/1
Answer:
The correct answer is A. Job.
Explanation:
For the reasons stated by Joy, he performs routine tasks under the supervision of an autocratic boss. For this reason it is considered that there is a subordination of the activities carried out, where he receives orders from a superior and receives a salary for the performance of activities.