It will take the account holder 15 weeks to come up with a principal balance of $2325.
How?
Principal Balance - Initial Balance: $2325 - $450 = $1875
The account holder needs $1875 more in order to come up with the total principal balance of $2325.
$1875 / Weekly Deposits: $1875 / $125 = 15 Weeks
Unofficial relationships in organizations can be referred to as ad hoc structures.
Answer: What kind of exam is it? Study as long as you can if its flashcards or practice problems.
Explanation:
This is the best way to study
Answer: See explanation
Explanation:
The Accounts Payable balance would be calculated as:
Beginning balance = $9800
Less: Amount Paid = $2400
Account payable = $7400
The Accounts Receivable balances at June 30, 2016 would be:
Beginning balance = $5600
Less: Amount received = $3900
Account receivable balance = $1700
Answer:
a. $21,000
Explanation:
Opening retained earnings + net income - Dividend paid = closing retained earnings
Opening retained earnings = ?
Net income = $10,000
Dividend paid = $6,000
Closing retained = $25,000
Opening retained earnings + 10,000 - 6,000 = 25,000
Opening retained earnings = 25000 - 4000
= $21,000
