Answer:
$3,402
Explanation:
We are to calculate the future value of the annuity
The formula for calculating future value = A x (B / r)
B = [(1 + r)^n] - 1
R = interest rate
N = number of years
(1.10)² - 1 = 0.21
$1,620 x( 0.21 / 0.1) = $3,402
Answer:
a. market value of an economy's production of final goods and services in a one year period.
Explanation:
GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP = Consumption spending + Investment spending + Government Spending + Net Export
GDP doesn't include intermediate goods. Therefore it is not the market value of an economy's production of all goods and services in a one year period.
Total expenditures of the federal government over the period of one year is known as government spending.
I hope my answer helps you
. yes, because he didnt pay within the grace period
Answer: The associate should say something like " I understand why you feel that way. How can I improve or fix this situation for you?" and try to diffuse the situation. After the customer leaves, the supermarket associate should report this to the manager.
Hope this helps! :)
Explanation:
Answer:
The answer is C) $7,970.
Explanation:
We have 04 reconciling items as below:
- Outstanding checks $800: this amount was already recorded in the Cash account of the company once the check was written; thus, the Cash ending balance has already reflected this amount.
- Deposits in transit $700: this amount was already recorded in the Cash or Cash-equivalent account of the company once the deposit was made; thus, the Cash ending balance has already reflected this amount.
- Bank service charge $30: fees paid to banking activities and are deducted without informing to the company. Thus, this deduction in cash is not reflected in the Cash account.
- NSF check $500: this was recorded as the increase in Cash account by the company once the check was written by the person/entity to the company. However, the writer's account balance was not sufficient to honor this check amount to the company; thus Cash Account at the end of the period should reduced by $500. Instead, this $500 may be recorded in Account Receivable account.
Thus, the adjusted cash balance = 8,500 - 30 - 500 = $7,970.
