Answer:
some numbers are missing, so I looked for similar questions:
"Tuition of $1044 will be due when the spring term begins in 7 months. What amount should a student deposit today, at 7.62% to have enough to pay the tuition?"
we can use the present value formula to solve this:
present value = future value / (1 + r)ⁿ
- future value = $1,044
- n = 7
- r = 7.62% / 12 = 0.635%
present value = $1,044 / (1 + 0.00635)⁷ = $1,044 / 1.045305791 = $998.75
if the numbers are not the same, just adjust the formula inputting the correct numbers, but the procedure should be the same.
Answer:
Rent expense of $2,000
Prepaid rent of $22,000
Explanation:
Since we were told that On November 1,2019 Movers Inc., paid the amount of $24,000 for a 2 years' rent which will start or begin on November 1 which means Movers' year-end financial statements as of December 31,2019 will show:
Rent expense of $2,000
Prepaid rent of $22,000
The rent expense of $2,000 is calculated as
(1÷12*$24,000)=$2,000
The prepaid rent of $22,000 is calculated as
$24,000-$2,000
$22,000
The second step in the problem solving process is to clarify the issues of a problem.
Answer: The second step.
Answer:
Secondary Activities
Explanation:
Secondary activities inside an organization are those who support the primary activity. The primary activity consists in the production and distribution of goods and/or services to customers, while secondary activities are meant to improve aspects of the primary activity.
For example, the goal of human resources is to create good labor conditions so that employees are happier, and therefore, more productive. And the goal of the technology department is to engage in research to produce new goods or provide new services in the future.
