Answer: insurance services
Explanation:
There will be $2712 in Harry's account after 21 years.
Explanation:
The initial amount put into the investment account was $1200. This account has an interest rate of 6% every year. This means that for every year that money is kept in this account, the bank must pay them 6%. To do this we must calculate how much 6% of $1200 is
6% of $1000 is 0.06 * $1000 =$72.
So for every year, the interest of $72 is added into the account. To calculate total interest we multiply this interest amount and the number of years.
So after 21 years= $72 * 21 years = $1512.
So interest gained in 21 years is $1512 but this is only the interest amount. We must add the initial amount with this to find the total amount available in the account.
Total amount present= Inital amount + Amount due to interest= $1200 + $1512= $2712.
Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.
What is discretionary fiscal policy?
Discretionary fiscal policy is a policy in which government uses taxation and spending to influence aggregate demand.
Hence, Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.
Learn more about fiscal policy here: brainly.com/question/6483847
#SPJ12
Answer:
$12,000 for 2013 and $300,000 for 2018
Explanation:
Jamison Enterprises acquired a franchise to operate a Good Burger Joint in January, 2013. The cost of the franchise was $360,000 and was estimated to have a limited life of 30 years.
Hence the yearly franchise cost at this point is 360,00 / 30 years = $12,000
Early in the year 2018, the franchise was forced out of business due to lawsuits.
At this point the company had only operated for 5 years and have incurred franchise cost to date of 5 years x $12,000 = $60,000
Jamison should record $300,000 ($360,000 - $60,000 to date) balance of the franchise cost in its expenses to their income statement for the years 2018