Answer:
The correct option is B
Explanation:
Periodic Inventory System is an inventory accounting system that allows for the periodic update of the merchandise inventory and accounts receivable accounts in the books the seller, which means there is an assigned period for the inventory clerks to conduct any inventory counts in the company's warehouse.
Option D is false because the statement should be Merchandise Inventory or Cost of Goods Sold since Periodic Inventory System allows for a periodic update of the said accounts. so, there is no logical reasons to integrate it with the Accounts Receivable and Revenue accounts.
Business Classifieds Section which has advertisements and announcements about local businesses.
Formula: PV = FV/(1+i)^n
Symbol: PV = Present Value
FV = Future Value
i = interest rate
n = time
^ = exponent
Given: FV = $22,000
i = 5/100 x 1/4 (since it is compounded quarterly)
i = 0.02
n = 10 yrs x 4 compounded quarterly
n = 40
Solution:
PV = 22,000/(1+0.02)^40
PV = 9,963.5891 or $9,963.58
<span>
Francis should invest $9,963.58 at 8%
interest, compounded quarterly in order to have $22,000 in 10 years time.</span>
Answer: B) because if you stay on on track with the money you spend then you can live a good life.
