Answer:
Temperature usually decreases by 1°C for every 100 metres in altitude. Distance from the sea - Oceans heat up and cool down much more slowly than land. This means that coastal locations tend to be cooler in summer and warmer in winter than places inland at the same latitude and altitude
Explanation:
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Answer:
$ 142 375
Explanation:
Thinking process:
Let the composite rate be given by the formula:
where
A = amount after interest
= interest rate
t = time
n = number of times (per year)
Therefore, this gives:
Answer:
The annuity is worth $5,000 today
Explanation:
We solve using the growing perpetuity formula for present value:
r = 0.06
g = 0.02
C = $200
$200/(0.06-0.02) = 200/.04 = $5,000
Answer:
Partnership
Explanation:
When you share ownership of a company, you are partnering with someone.
Answer:
The existing balance in Allowance for Doubtful Accounts is considered in computing bad debt expense in the percentage of receivables basis.
Explanation:
Percentage of receivables basis is preferred over direct write-off of bad debt expenses and is used in the calculation of bad debts, this is done by multiplying the accounts receivable by percentage of expected noncollectable debts and then subtracting accounts for bad debts are then subtracted from accounts receivable on the balance sheet and the result reported as net accounts receivable. It is used in calculating the bad debt expense in each account reporting period.
