Answer:
a. How long will the current bridge system work before a new bracing system is required?: 64.18 years or 64 years and 2 months.
b. What if the annual traffic rate increases at 8 % annually: The bracing system will last for 24.65 years or 24 years and 7 months.
c. At what traffic increase rate will the current system last only 12 years: 17.13%
Explanation:
a. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 3% or 1.03 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.03^x = 2000. Show the equate, we have 1.03^x = 6.67 <=> x = 64.18
b. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 8% or 1.08 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.08^x = 2000. Show the equate, we have 1.08^x = 6.67 <=> x = 24.65.
c. Denote x as traffic increase rate. The current pedestrian is 300, the grow rate per year is (1+x) times a year. Thus, to reach 2,000 after 12 years and thus a new bracing system to be in place, we have the equation: 300 x (1+x)^12 = 2000. Show the equate, we have (1+x)^12 = 6.67 <=> 1+x = 1.1713 <=> x = 17.13%.
The answer is false. The role of entrepreneurs is accounted by economic models. They are directly connected with the consumers and have firsthand information about the things that they would like. Entrepreneurs play a big role to ensure that businesses circulate.
Answer:
1 Depreciation expeense (Debit) $4,200
Accumulated depreciation (Credit) $4,200
2.Bad Debt expense (Dr.) $6,900
Accounts Receivables (Cr.) $6,900
3. Accrued Interest Expense (Dr.) $1,200
Notes Payable (Cr.) $1,200
4. Accrued Income Tax (Dr.) $14,200
Cash (Cr.) $14,200
5. Cash (Dr.) $4,200
Redemption of Gift Cards (Cr.) $4,200
Explanation:
Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income. The adjusting entries are required before trial balance is created. There are few transaction that occur after the initial recording of the transactions. These transaction needs to be adjusted before the financial statements preparation.
Answer:
a.
1 July 2017 Notes receivable $79000 Dr
Cash $79000 Cr
b.
31 Dec 2017 Interest receivable $3950 Dr
Interest revenue $3950 Cr
c.
30 June 2018 Interest receivable $3950 Dr
Interest Revenue $3950 Cr
1 July 2018 Cash $7900 Dr
Interest receivable $7900 Cr
d.
1 July 2018 Cash $79000 Dr
Notes receivable $79000 Cr
Explanation:
a.
The receipt of note against issuing loan will cause a credit to cash against notes receivable.
b.
The interest from July to Dec 2017 relates to 2017. Following accrual principle it will be recorded as interest revenue and as it is not received so an asset Interest receivable will be debited.
The interest expense for 6 months is = 79000 * 0.1 * 6/12 = 3950
c.
First we will record the remaining interest on 30 June 2017. Remaining interest = 7900 - 3950 = 3950
Then we will debit cash on July 1 when interest is received and credit interest receivable to close the account.
d.
The cash will be debited and notes receivable account will be closed by crediting it.
Voluntary organizations that survive on dues and small contributions from a mass membership often do best when the political climate is worst because citizens want to have faith in something.
SCVO defines voluntary organizations as non-profit pushed, non-statutory, self-sufficient and run through those who do no longer receives a commission for running the enterprise. a few voluntary companies are recognized through the Inland revenue as charities.
The purpose of voluntary organizations is to fulfil their challenge and work in the direction of the greater right in some precise manner, as opposed to to make a profit. This often method they prioritize things differently than a enterprise would do.
Examples of organizations within the voluntary quarter consist of: Charities: global imaginative and prescient, American pink pass, and YWCA. Foundations: David Suzuki Foundation, invoice and Melinda Gates basis. Social Welfare companies: Human Rights Watch, Environmental protection employer (EPA)
Learn more about organizations here: brainly.com/question/24448358
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