Answer:
Date Details Debit Credit
December 31, Employee benefits expense $41,150
Medical insurance payable $31,500
Employee Retirement program $9,650
payable
Working
= 31,500 + 9,650
= $41,150
<em>Most simply, the formula for the equilibrium level of income is when aggregate supply (AS) is equal to aggregate demand (AD), where AS = AD. Adding a little complexity, the formula becomes Y = C + I + G, where Y is aggregate income, C is consumption, I is investment expenditure, and G is government expenditure.</em>
Answer:
The correct answer is $23,260.69.
Explanation:
According to the scenario, the given data are as follows:
Payment (pmt ) = $7,000
Time period (n) = 3
Rate of interest (r) = 5.2%
So, we can calculate the future value by using following formula:
FV = Pmt ( 1 + r)^n + Pmt ( 1 + r)^n-1 + Pmt ( 1 + r)^n-2
By putting the value, we get
= $7,000 ( 1 + 0.052)^3 +$7,000 ( 1 + 0.052)^2+$7,000 ( 1+ 0.052)^1
= $23,260.69
hence, The future value after 3 years will be $23,260.69.
Answer:
A) The acceptance is effective upon dispatch
Explanation:
In the given scenario an offer was made by Judith using normal letter, she did not state the authorised means by which the acceptance should be made.
If Helga accepts the offer and chooses and means to convey the acceptance, it will be acceptable as there is no specific way stated by Judith.
So when Helga responds by using a normal letter, the acceptance is effective when she dispatches the letter.
If however Judith stated an authorised means of acceptance, Helga would have to comply to make sure her acceptance is valid
