Answer:
about 1.24 million dollars
Explanation:
Account value is multiplied by 1.06 each year, so after 45 years, it has been multiplied by 1.06^45. The value is ...
$90,000 × 1.06^45 = $1,238,814.97
Social security spending is what would help out everyone , not just the military . Additional money spent on social security would greatly help out
The correct option is C - Increase assets and increase liabilities
<u>Explanation:</u>
When anorganization purchases office supplies on account then it becomes essential to record such supplies as supplies on hand. Generally, in a business organization, the supllies on hand are used up within the span period of one year which means that they are to be recorded as current asset in the financial statement ( balance sheet). As no cash has been paid to merchandise, so it increases the liabilities also.
Therefore, it will increase the current assets and current liabilities.
In order to achieve its goal, the amount the firm should save each quarter is $56,033.97
The formula that can be used to determine the amount that the company should save every month to achieve its goal is :
Amount = future value / annuity factor
Annuity factor = 
- Future value = amount it wants to save in 4 years = $1 million
- r = interest rate = 5.75% / 4 = 1.4375%
- n = number of years = 4 x 4 = 16
Annuity factor = [(1 + 0.014375)^16 - 1] / 0.014375
= 17.846317
Amount = $1,000,000 / 17.846317
= $56,033.97
A similar question was answered here: brainly.com/question/14927086?referrer=searchResults
Answer:
The answer is
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
Explanation:
The yearly interest rate is 10%
So the interest rate for 90 days(assume 360 days make a year?
90/360 x 10%
2.5% is the interest rate for 90 days.
The interest payment for 90 days will be;
2.5% x $4,800
= $120
The entry will now be:
Dr: Notes Receivable $4,800
Dr: Interest Receivable $120
Cr: Sales $4,920
