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2 years ago

In double-entry bookkeeping, what is an account?

1 answer:

5 0

<span>Double-entry bookkeeping, in accounting, is a system of bookkeeping so named because every entry to an account requires a corresponding and opposite entry to a different account. The double entry has two equal and corresponding sides known as debit and credit.</span>

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Scott wants to accumulate $3,800 over a period of 11 years so that a cash payment can be made for roof maintenance on his summer

Kamila [148]

Answer:

$240.76

Explanation:

The formula to determine the annual deposit is :

p = FV / annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

FV = Future value

P = Present value

R = interest rate

N = number of years

Annuity factor = (1.07^11 - 1) / 0.07 = 15.783599

p = $3800 / 15.783599 = $240.76

3 0

2 years ago

On September 18, 2019, Rose Company purchased 11,800 shares (14%) of Wozniak, Inc. stock for $42 per share. The market value of

wolverine [178]

Answer:

Explanation:

8 0

2 years ago

If a fiscal policy change is going to exert a stabilizing impact on the economy, it must?

Vadim26 [7]

If a fiscal policy change is going to exert a stabilizing impact on the economy, policy must add stimulus to demand during a slowdown but it should restraint the demand during an economic boom.

Fiscal policy is the policy in which the government spending and taxation is used to influence the economy.

Governments generally use fiscal policy to promote strong as well as sustainable growth in the economy and reduce the poverty too.

The role and objectives of fiscal policy which gained importance during the recent global economic crisis is when the different governments stepped in to support financial systems.

Governments starts the growth, and also mitigate the impact of the crisis on vulnerable groups through the use of fiscal policy.

To know more about fiscal policy here:

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7 0

1 year ago

The ratio of an insurance company's net profit to policyholders' surplus is called

Yuri [45]

I don't know the answer. I just want you to know that. Good day mate.

8 0

2 years ago

stock sells for $100 rights-on, and the subscription price is $90. Ten rights are required to purchase one share. Tomorrow the s

m_a_m_a [10]

Answer:

$99.09

Explanation:

Calculation for What is Tricki's expected price when it begins trading ex-rights

Using this formula

Expected price=Stock rights-on- [ (Stock rights-on-Subscription price)÷(10 rights+ One share)]

Let plug in the formula

Expected price=$100-[($100-$90)÷(10+1)]

Expected price=$100-($10÷11)

Expected price=$100-$0.91

Expected price=$99.09

Therefore Tricki's expected price when it begins trading ex-rights will be $99.09

3 0

3 years ago