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4 years ago

An active worker receives $500 every two weeks. This kind of monetary reward for work is called ______.

1 answer:

4 0

The correct answer for the question that is being presented above is this one: "Salary." An active worker receives $500 every two weeks. This kind of monetary reward for work is called salary. Salary is the amount of money that you get after a certain kind of labor is done.

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A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually?Percentage Ro

Alex_Xolod [135]

Answer:

Effective Annual Rate = 8.1600%

Explanation:

The effective annual rate the interest rate that is adjusted for compounding over a given period of time. It is given by the formula:

$r = (1+\frac{i}{n})^n -1\\where:\\r = effective\ annual\ rate\\i = nominal\ interest\ rate\ = 8.00\% = 0.08 \\n = number\ of\ compounding\ periods\ per\ year\ = 2\ (semi-annually)$

$r = (1+\frac{0.08}{2})^2 -1\\r = (1\ +\ 0.04)^2 - 1\\r = (1.04)^2 - 1\\r = 1.0816 - 1\\r = 0.0816\\r = 8.1600 \%$

8 0

3 years ago

The cost reconciliation report has two sections: ""Costs to be accounted for"" followed by ""Costs accounted for"". The ""Costs

lord [1]

Answer:

The correct answer is False.

Explanation:

At the end of the accounting period, monthly, annual or of any kind, a series of tasks of control and audit of costs are carried out in order to generate correct and compensated reports of the value of the inventories and send it to the finance department. Apart from the accounting tasks that transfer the value movements of individual products to exclusive accounting accounts, multiple reporting and monitoring functions and a special reconciliation tool are available for the auditors and cost control engineers responsible for this work. critical importance for the company.

7 0

4 years ago

If you expect the price of gold to increase in the near future, your demand for gold today will increase.A. TrueB. False

9966 [12]

Answer:

A. True

Explanation:

Gold is a valuable commodity acquired for various reasons. In economists, gold is as a store of value and an investment tool. Gold is traded in the financial markets like other valuable metals such as silver and copper.

If investors anticipate the price of gold to rise in the near future, demand for gold will increase. Gold will be bought as an investment asset for speculative purposes. Traders will buy gold and the current prices and wait to sell when the prices rise. Investors take advantage of price movement to make profits.

5 0

4 years ago

When a manufacturer advertises to wholesalers and retailers in an attempt to encourage them to carry its products, it is engagin

ICE Princess25 [194]

B. False
Institutional advertising does not attempt to sell anything directly. It is type of advertising intended to promote company, business, institution or other similar entity.

3 0

4 years ago

Mendrisio Company purchased a piece of machinery for $30,000 on January 1, 2019, and has been depreciating the machine using the

aleksley [76]

Answer:

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

Explanation:

According to the given data we have the following:

Sum of year digits=5(5+1)/2

Sum of year digits=(5*6)/2

Sum of year digits=15

Depreciation for year 2019=$30,000*5/15

Depreciation for year 2019=$10,000

Depreciation for year 2020=$30,000*4/15

Depreciation for year 2020=$8,000

Therefore, book value as on january 1, 2021=$30,000-$10,000-$8,000

book value as on january 1, 2021=$12,000

Revised useful life=6 years-2 years=4 years

Therefore, Revised depreciation for 2021=$12,000/4

Revised depreciation for 2021=$3,000

a. There is no entry required to record the accounting change

b. The journal entry to record depreciation for 2021 would be as follows:

Debit Credit

Depreciation Expense $3,000

Accumulated Depreciation $3,000

3 0

3 years ago