Answer:
in this scenario, susan and sam has not done any wrong things.
but Martin has manipulated sam to take revenge from susan for firing him.
so in this case, no susan is not obliged to pay. she can take action against martin and after proving in a court of law about martin's manipulation, he will be liable to pay.
Explanation:
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Interest rate and years of repayment
Answer:
FV= $1,930.65
Explanation:
Giving the following information:
Cash flow= $80 a year
Number of periods= 12 years
Interest rate= 12% compounded annually
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {80[(1.12^12) - 1]} / 0.12
FV= $1,930.65
Answer:
Insurance reduces one asset and increases another
Purchase of supplies on account increases liabilities and increases asset
Receipt of unpaid utility bill increases liability and reduces capital
Payment of accrued utility bill reduces asset as well as liability
Explanation:
The purchase of 36-month insurance brings about increase in asset,insurance prepayment and reduction in another asset,cash.
The purchase of supplies on account brings about increase in liability,accrued liabilities or other accounts payable as well as increase in asset,inventory of supplies.
The receipt of utility bill yet to be paid,increases liability,accrued expenses and reduces capital,since an increase in expenses reduces retained earnings which is an integral part of capital
Payment of utility reduces asset,cash and at the same time reduces liability,accrued expenses
