The interest earned compounded annually at $80.14
$1000 x (1.07)^2=1144.90 after 2 years
1144.90 x 0.07 = 80.14
A technique of calculating and adding interest to funding or mortgage as soon as a year, in preference to for any other period: if you borrow $100,000 at five% hobby compounded annually, after the first yr you'll owe $five,250 on a principal of $a hundred and five,000.
It's far to be mentioned that the above-given system is the general components while the major is compounded n quantity of instances in a yr. If the given most important is compounded annually, the quantity after the term at percentage fee of interest, r, is given as A = P(1 + r/a hundred)t, and C.I. could be P(1 + r/100)t - P.
That stated, annual hobby is commonly at a higher rate because of compounding. in place of paying out monthly, the sum invested has twelve months of increase. But if you are able to get the equal price of interest for month-to-month payments, as you can for annual bills, then take it.
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The nations selling the gasoline would be in trouble. They would earn less money and the possibility of a depression like the one the US had under Hoover and FDR would occur.
Answer:
$8,319
Explanation:
Computation for the amount of Maintenance department expense to be allocated to Fabrication
First step is to calculate the total sum of square foot space
Using this formula
Total sum of square foot space = Fabrication square foot space + assembly square foot space
Let plug in the formula
Total sum of square foot space= 3,450 + 2,500
Total sum of square foot space= 5,950
Now let calculate the amount of Maintenance department expense to be allocated to Fabrication
Maintenance department expense = $ 19,800 × 2,500 ÷ 5,950
Maintenance department expense = $ 19,800 × 0.42017
Maintenance department expense = $8,319
Therefore the amount of Maintenance department expense to be allocated to Fabrication is $8,319
Answer:
The cost of opportunity is 4 pancakes.
Explanation:
The cost of opportunity is by definition the amount of things you don't do or buy, because of choosing doing or buying something else. In this case, Maria can make:
This means that at every moment, she can choose to make or 8 pancakes or 2 waffles, but not both. If we continue with this logic, in the time she could make 1 waffle, she could have chosen to make 4 pancakes. This is her cost of opportunity.
Answer: Please see answer in the explanation column
Explanation:
Account receivables = Total account - cash collections
$126,000 -- $93,000
= $33,000
Uncollectible Accounts = 20% x 33,000 = $6,600
a) Journal to record the adjustment for uncollectible accounts
Date Account Debit Credit
Dec 31, 2018 Bad debts expense $6,600
Allowance for uncollectible accounts $6,600
B) net realizable value of accounts receivable= Total Accounts Receivable - Allowance for uncollectible accounts
= $33,000 - $6,600= $26400