The amount of money which would be in the account 12 years from today is:
<h3>What is an Investment?</h3>
This refers to the amount deposited in a business or financial institution, with the aim of getting return on investment after a period of time.
CI= P( 1 + r/100)^n
P= initial principal
n= number of times interest applied per time period
r= interest rate
t= number of time periods elapsed
A= final amount
=> 2,500 (1 + 0.084)^7
2500( 1.084)^7
= $4,396.88
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C) because lenders can evaluate their risk more easily using existing data on how that business has already been performing.
Answer:
Debit supplies expense $2,200
Credit office supplies $2,200
Explanation:
The beginning balance of $1,600 plus the purchases of $1,800 makes an available office supplies balance for the period in the amount of $3,400. A year-end physical count of $1,200 constitutes the remaining supplies balance at the period after they used up the $2,200 portion ($3,400 - $1,200). The appropriate journal entry at the year end is to recognize the expense portion of the supplies. Therefore, we have to debit supplies expense and credit office supplies in the amount of $2,200.
Answer:
A. Answer questions about the project prior to submittal of proposals
Explanation:
A bidder conference is a meeting held by a buyer to discuss a possible purchase with multiple potential suppliers.
This transaction is called account allowance. Account allowance
includes two kinds of transactions – to reduce in the folio balance
compensation for poor service and the other one is to correct posting mistakes
after the close of business. This kind of transaction is recognized by the usage
of an allowance voucher, allowance vouchers are typically necessitate
management endorsement.
