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Answer:
$71,720.
Explanation:
We can find the answer by finding the future value for the two periods (the 15 years under 4.1% interest rate, and the 18 years under 3.5% interest rate) using the future value of an investment formula:
FV = PV (1 + i)^n
Where:
- FV = Future value
- PV = Present value
- i = interest rate
- n = number of compounding periods
Now, for the first period of time, we plug the amounts into the formula:
FV = $21,000 (1 + 0.041)^15
FV = $38,369
Now, we take that result, and apply the same formula:
FV = $38,369 (1 + 0.035)^18
FV = $71,270
So, the total amount you will have in your account after 33 years is $71,720.
Answer: $25,000
Explanation:
Amount borrowed = $25,000
Corporation interest = 3%($25,000)
= 3/100 × $25,000
= $750
Federal rate = 4%($25,000)
= 4/100 × $25,000
= $1,000
Total debt = $(25,000+750+1,000)
= $26,750
Jody earned $3,500 for the year. In six months, Jody'd earn 1/2 of $3,500 = $1,750
This means that $1,750 of Jody's income will go to Jody's controlled corporation account in six month.
The total inputed amount to be paid by Jody = Jody's total debt - Jody's income in six month
= $26,750 - $1,750
=$25,000
Answer:
D) $50,000.
Explanation:
Economic performance requires that the company provided services or products to another party (i.e. a customer).
The all-events test states that all the events that caused the liability actually occurred during the accounting period and that occurrence can be accurately established. During 2017, the company could only accurately establish that $50,000 of the claims were real.
Answer:
When owners are separated from the business
Explanation:
Agency conflict arises when ownership is separated from management and management have to take decision to maximize wealth of owner instead of themselves.
Hence when owners are separated from the business is the correct answer.
