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Airida [17]
3 years ago
6

Connie made deposits of $2000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the valu

e of Connie's account in four years? A. $9,051.20 B. $11,051.00 C. $8,260.20 D. $8,260.00
Business
1 answer:
Alex Ar [27]3 years ago
5 0
The answer should be about $9000.00 so I'd go with A $9,051.20
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Samantha Rose Inc. made a $25,000 sale on account with the following terms: 1/15, n/30. If the company uses the net method to re
harkovskaia [24]

Answer:

$24,750

Explanation:

The computation of the amount that should be recorded is shown below"

Sales on account = $25,000

Credit term = 1/15, n/30

Sales discount rate = 1%

Now  

Sales discount = Sales on account × Sales discount rate

= 25,000 × 1%

= $250

So,

Net sales = Sales- Sales discount

= $25,000 - $250

= $24,750

7 0
2 years ago
Presented here are long-term liability items for Skysong, Inc. on December 31, 2017.
seropon [69]

Answer:

Skysong, Inc.

Balance Sheet (Partial)

As on December 31, 2017.

Liabilities

Long Term Liabilities

Bonds payable (due 2021)   $920,000

Notes payable (due 2019)    $84,000

Discount on bonds payable (<u>$23,000)</u>

Total Long Term Liabilities   <u>$981,000</u>

Explanation:

Long term liabilities are all those liabilities that will be paid after one year's time. As Bond Payable is due in 2021 and needs to be paid after 4 years it is classified as long term liabilities. Note Payable is also due in 2019 and needs to be paid after 2 years it is also classified as long term liabilities.

7 0
3 years ago
A certain politician has a brilliant idea. he will increase his popularity and assure reelection by giving away cash to everybod
polet [3.4K]
<span>Put all of these numbers in a line...obviously, don't put ALL of them, but enough so you can see what you're doing. 1 + 2 + 3 + ... + 297,624,985 Now put all these numbers BACKWARDS underneath that. 1 + 2 + 3 + ... + 297,624,985 297,624,985 + 297,624,984 + 297,624,983 + ... + 1 Now add the first series to the second, and you'll see that they add up to: 297,624,986 + 297,624,986 + 297,624,986 + ...297,624,986 Since there were 297,624,985 terms, the total sum here is 297,624,986 * 297,624,985 But since you added it twice, you divide it by two: 148,812,493 * 297,624,985 This is 44,290,315,996,937,605, so...yes, it is MUCH larger.</span>
7 0
3 years ago
In _______________________ arbitration, the arbitrator is not constrained to choose either the management or union's offer(s); r
tatyana61 [14]

Answer:

A. Conventional.

Explanation:

Conventional arbitration is the methodology where both the parties (employers and unions) set forward their ideas before the arbitrator. The arbitrator dissects the offers and arrives at a resolution. Under conventional arbitration, it is required for the two parties to acknowledge the arrangement gave by the arbitrator.

4 0
3 years ago
on july 1, 2024, a company acquired equipment. the company paid $187,500 in cash on july 1, 2024, and signed a $750,000 noninter
MAXImum [283]

$700,935 and debit discount on notes payable a working year is the correct answer among the group of choices.

<h3>What are debits exactly?</h3>

A debit is an accounting system item that demonstrates a gain in assets and a decrease in liabilities. Debits and credits are the two categories into which the entries fall in basic accounting. Debits are always offset by credit entries.

<h3>Is debit debt or credit?</h3>

A credit increases the balance in a liabilities account whereas a debit decreases it. In this manner, the credit for the loan would equal the debit for the cash on hand account, increasing the long-term debt account by the same amount.

To know more about Debit visit:

brainly.com/question/12269231

#SPJ4

5 0
1 year ago
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