Answer:
y
Explanation:
hhahahhababa abahajanhajshs
Answer:
i think it would be F i'm not too good at this stuff but im givin it a try
Answer:
Periodic payment = $3,531.54
Explanation:
Given:
Future value = $42,400
Rate (r) = 4% = 0.04
Number of year (n) = 10
Pmt = periodic payment = ?
Computation of periodic payment:
![Future \ value = Pmt[\frac{(1+r)^n-1}{r} ]\\\\42,400 = Pmt[\frac{(1+0.04)^{10}-1}{0.04} ]\\\\42,400 = Pmt[\frac{(1.04)^{10}-1}{0.04} ]\\\\42,400 = Pmt[\frac{1.48024428-1}{0.04} ]\\\\42,400 = Pmt[\frac{0.48024428}{0.04} ]\\\\42,400 = Pmt[12.006107]\\\\\frac{42,400}{12.006107}= Pmt \\\\Pmt = 3,531.536](https://tex.z-dn.net/?f=Future%20%5C%20value%20%3D%20Pmt%5B%5Cfrac%7B%281%2Br%29%5En-1%7D%7Br%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B%5Cfrac%7B%281%2B0.04%29%5E%7B10%7D-1%7D%7B0.04%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B%5Cfrac%7B%281.04%29%5E%7B10%7D-1%7D%7B0.04%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B%5Cfrac%7B1.48024428-1%7D%7B0.04%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B%5Cfrac%7B0.48024428%7D%7B0.04%7D%20%5D%5C%5C%5C%5C42%2C400%20%3D%20Pmt%5B12.006107%5D%5C%5C%5C%5C%5Cfrac%7B42%2C400%7D%7B12.006107%7D%3D%20Pmt%20%5C%5C%5C%5CPmt%20%3D%203%2C531.536)
Periodic payment = $3,531.54
Answer:
November 1
Dividend $7,800 (debit)
Shareholders for Dividends $7,800 (credit)
December 31
Shareholders for Dividends $7,800 (debit)
Cash $7,800 (credit)
Explanation:
November 1
Dividend $7,800 (debit)
Shareholders for Dividends $7,800 (credit)
Recognize an Equity Item - Dividend and also recognize a liability - Shareholders for Dividends
December 31
Shareholders for Dividends $7,800 (debit)
Cash $7,800 (credit)
De-recognize the Liability-Shareholders for Dividends and also de-recognize the Cash Asset
Answer:
a. he or she has not ratified the contract on reaching majority.
Explanation:
Generally a minor is allowed to dissaffirm a contract they entered when they were underaged. Also when they attain the age of majority they will need to ratify the contract for it to be binding.
In the case where the contract has not been ratified on reaching majority, it can still be dissaffirmed.
Contracts with minors are void, and only some state laws allow for ratification of the contract on attainment of majority age.