Answer:
(B) adding all of the debits, adding all of the credits, and then subtracting the smaller sum from the larger sum
Explanation:
While calculating the closing balance of any account,
There includes two possibilities that the account might have debit balance or the account might have credit balance. And for computing this:
All the debits shall be accumulated and then their total shall be computed.
Similarly, all the credits shall be accumulated and their total shall be done.
Which ever is more then the account will have that nature of balance, accordingly the smaller shall be deducted from the larger one and the larger one will decide the nature of balance whether debit or credit.
Answer: <em><u>Developers can spend $55316.9</u></em>
Explanation:
EAR =
Effective Annual Rate=
Effective Annual Rate% = 9.42
where;
C = Cash flow per period
i = interest rate
n = number of payments
PV = $55316.9
Yes, as it displays that you respect their donation of money, which they work hard to earn. In fact, not thanking the tip-giver would be a violation of employee etiquette.
Hope this helps!
Answer:
$11,046
Explanation:
Present value = $10,000
Interest rate = 1%
Years = 11 years annually
Future value = A(1 + i/)^n
Future value = $10,000*(1 + 0.01)^10
Future value = $10,000*(1.01)^10
Future value = $10,000*1.10462212541
Future value = $11046.2212541
Future value = $11,046
So, the future value FV of the investment after 11 years is $11,046
Answer and Explanation:
The preparation of net cash provided by operating activities is shown below:-
Blue Spruce Corp.’s
Partial Statement of Cash Flows
For the Year Ended December 31, 2020
Particulars Amount
Net cash flow from operating
activities
Net income $151,700
Adjustments to reconcile
net income to net cash
provided by operating activities
Depreciation expense $24,300
Increase in Accrued
Expense payable $6,300
($15,400 - $9,100)
Decrease in inventory $13,400
($157,700 - $171,100)
Increase in prepaid insurance ($1,400)
($26,500 - $25,100)
Increase in accounts receivable ($30,500)
($108,400 - $77,900)
Decrease in accounts payable ($10,100) $2,000
($85,200 - $95,300)
Net cash provided by
operating activities $153,700