Answer:
(i) $ 1653.75
(ii) $ 1653.75
(ii) $ 1657.76
Explanation:
Since, the amount formula in compound interest,
Where,
P = Principal amount,
r = annual rate of interest,
t = number of years,
n = number of compounding periods per year,
(i) P = 1500, r = 5% = 0.05, t = 2 years, n = 1,
(ii) P = 1500, r = 5% = 0.05, t = 2 years, n = 4,
(iii) Amount formula in compound continuously,
Answer:
The correct answer is "communism system"
Explanation:
The communist system is a political and economic ideology postulated principally by Karl Marx. Where the nation is in contradiction to the liberal democracy and capitalism, promoting alternatively a classless system and the private property doesn´t exist. There are a lot of restrictions on freedom of assembly and freedom of speech, because the government seeks to have the system under control and cannot allows alternate ideologies that undermine its mandate.
Answer:
In 2017
Net Income and Retained Earning are overstated by $100,000
Expenses and Payables are understated by $100,000.
In 2018
Inventory, Net Income and Retained Earning are understated by $57,000
Expenses are overstates by $57,000
Explanation:
Accrued Salaries is Recorded as follow
Dr. Salaries Expense
Cr. Salaries Payament
Non recording of this entry will result in understatement of Expenses and Payables by $100,000 over statement of Net income and retained earning by the same amount.
Treatment of Office supplies of $57,000 as expense will overstate the expenses and understate the the inventory, Net income and Retained Earning.
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Answer:
The paradox of value (also known as the diamond–water paradox) is the contradiction that, although water is on the whole more useful, in terms of survival, than diamonds, diamonds command a higher price in the market.
Explanation: