Answer:
The accumulated value of the deposits at the end of 9 years is <u>$11,242.18</u>
Explanation:
Note: Find attached the excel file for the calculation.
Since the deposits are made into the account at the end of each year, interest will be earned on the opening balance for each year since it remains the account for 12 months.
No interest will be earned on the deposit of $1,000 made at the end of each year.
The opening balance, interest earned and the deposit for each year are then added together to obtain the closing balance for each year.
Since the closing balance for year 9 is <u>$11,242.18</u>, this is therefore the accumulated value of the deposits at the end of 9 years.
Answer:
b. SaaS
Explanation:
The full form of SaaS is software as a service. It is a software which is to be paid by per user rather than buying the outright of the software. It is a subscription based where the user must have to pay the subscription fees on a monthly or yearly basis. When the subscription tenure is expired the user must have to pay the charges again to take the service
Therefore the option b is correct
False. Phishing is usually considered emails that are sent that look genuine but are actually from scammers trying to obtain personal or financial information.
Answer and Explanation:
The journal entries are shown below;
On March 1
Cash A/c $303,500
To Common Stock $3 Par value (44,500 × $3) $133,500
To Paid in capital in excess of par value $170,000
(Being the common stock issued is recorded)
On April 1
Cash $74,000
To Common Stock, no par value $74,000
(Being the common stock issued is recorded)
On April 6
Inventory $43,000
Machinery $155,000
To Common Stock (2,400 ×$20) $48,000
To Notes payable $93,000
To Paid in capital in excess of par value $57,000
(Being the shares are issued)
