Answer:
$89,000
Explanation:
Explanation:
Let the salary at the beginning be A
Interest increment is i = 4.15℅
Future value aimed for is F = $215000
Number of years is n=20
The formula for the future value of a present sum is given as
F = A(1+I)^n
215000 = A(1+0.0415)^20
215000 = A(1.0415)^20
Taking log of both sides
Log215000 = LogA + 20Log1.0415
LogA = Log215000 - 20Log1.0415
LogA = 4.95
Taking anti log of 4.95
We have that ;
A = $89,000
The true statement out of all is
B) Georgeland has both an absolute and a comparative advantage in producing clothing.
Explanation:
This is because Absolute advantage is when one firm or a producer is able to produce more of a product using less resources or less time or more of the product in the same resources or same time as the other.
Comparative advantage is found out at the added bonus of having the product be as viable as it is advantageous which means that the producer could also be making another product and would have the advantage in that too so either one of them is equally profitable.
When accounting for a long-term construction contract under IFRS, if the percentage-of-completion method is not appropriate, the seller should account for revenue using "cost recovery method".
<h3>What is cost recovery method?</h3>
According to the "Cost Recovery Rule," any excess cash value (cost basis) over premium payments that results from a partial withdrawal of cash or a policy surrender is taxable income.
Calculation for cost recovery method includes:
- the product's operating expenses, such as those for hardware, software, and labour, should all be added up.
- Analyse whole revenue, regardless of whether a client made a lump-sum payment or several instalments.
- To calculate the profit, deduct the cost of products from whole sales.
To know more about the lump-sum payment, here
brainly.com/question/23220127
#SPJ4
Answer:durable goods are products that do not need to be purchased often, whereas non-durable goods are products that expire more quickly.
Explanation:
