Answer:
Quarterly deposit= $9,508.68
Explanation:
<u>First, we need to calculate the future value of the initial investment:</u>
FV= PV*(1+i)^n
PV= $168,000
i= 0.10/4= 0.025
n= 10*4= 40
FV= 168,000*(1.025^40)
FV= $451,090.73
Difference= 1,092,000 - 451,090.73= $640,909.27
<u>Now, to calculate the quarterly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (640,909.27*0.025) / [(1.025^40) - 1]
A= $9,508.68
An ethical dilemma is a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgressing another.
Answer:
I believe this is C. capital
Answer:
d. debit Retained Earnings, $3,000; credit Dividends, $3,000.
Explanation:
The journal entry to close the dividend account should be
Retained earnings Dr $3,000
To Dividend $3,000
(being the closing of the dividend account is recorded)
here the retained earning is debited as it decreased the stockholder equity and dividend is credited as it is closed
