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2 years ago

What is a panel discussion

1 answer:

8 0

A panel discussion is a form of conference. It typically has differing members participating and is in front of an audience. Hopefully this helps!

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3. Assume you can earn 9% per year on your investments. a. If you invest $100,000 for retirement at age 30, how much will you ha

Crank

Answer:

Results are below.

Explanation:

Giving the following information:

Interest rate= 9%

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

PV= $100,000

n= 35

i= 0.09

FV= 100,000*(1.09^35)

FV= $2,041,396.79

PV= $100,000

n= 25

i= 0.09

FV= 100,000*(1.09^25)

FV= $862,308.07

There is a big difference between investing at 30 than at 40. It is due to the compounding interest of the first 10 years.

6 0

2 years ago

A specific group of related businesses in known as a/an _________.

andrey2020 [161]

A specific group of related businesses is known as a *chain.

6 0

2 years ago

On March 5, 2020, Northwest Co. purchased $400,000 in merchandise on account with credit terms of 1/15, n/45. Purchases were all

NikAS [45]

Answer:

Net amount paid = 391050

Explanation:

Accounts payable =395,000

Cash =391,050

Inventory =3,950

Accounts payable =396,000

Cash =396,000

Accounts payable =395,000

Purchase discount =3,950

Cash =398,950

Accounts payable =400,000

Cash =396,000

Purchase discount =4,000

Accounts payable = 395,000

Cash = 391,050

Inventory = 3,950

Gross amount due = Amount of purchase - return = 400000-5000 = 395000 will be debited to Accounts payable

Discount will be allowed as payment made within 15 dyas

Disount will be = 1% of 395000 = 3950 which will be credited to inventory

Net amount paid will be credit to cash = 395000-3950 = 391050

5 0

2 years ago

Read 2 more answers

Hargrave professional group performs legal services on account. what is the effect of this transaction on the balance sheet equa

r-ruslan [8.4K]

Hargrave professional group performs legal services on account. The effect of this transaction on the balance sheet equation for Hargrave is Increase in assets.

<h3>What is Asset?</h3>

An asset is considered a resource of the business which has an economic value in the future of the business and helps business activities to take place smoothly.

Hargrave professional group performs legal services on account which reflects the Buying and sales of goods and services on credit. So this refers to the incoming cash in the business which indicates the effect of this transaction on the balance sheet equation for Hargrave is an Increase in assets.

Learn more about Asset, here:

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8 0

1 year ago

dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count

saul85 [17]

Answer:

A) Adjusting entries:

Dr Sales salaries expense 2,400

Cr Sales salaries payable 2,400

Dr Selling expenses 2,100

Cr Prepaid selling expenses 2,100

Dr Cost of goods sold 3,700

Dr Merchandise inventory 3,700

B) prepare the closing entries

Dr Sales revenue 550,900 (net = $557,000 - $19,900 - $6,200)

Cr Income summary 550,900

Dr Income summary 484,200

Cr Cost of goods sold 239,700 (net = $236,000 + $3,700)

Cr Sales salaries expense 62,400 (net = $60,000 + $2,400)

Cr Selling expense 44,100 (net = $42,000 + $2,100)

Cr Utilities expense 21,000

Cr Administrative expense 117,000

Dr Income summary 66,700 (= $550,900 - $484,200)

Cr Retained earnings 66,700

Dr Retained earnings 45,000

Cr Dividends 45,000

7 0

2 years ago