Answer:
a. How long will the current bridge system work before a new bracing system is required?: 64.18 years or 64 years and 2 months.
b. What if the annual traffic rate increases at 8 % annually: The bracing system will last for 24.65 years or 24 years and 7 months.
c. At what traffic increase rate will the current system last only 12 years: 17.13%
Explanation:
a. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 3% or 1.03 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.03^x = 2000. Show the equate, we have 1.03^x = 6.67 <=> x = 64.18
b. Denote x is the time taken for the number of pedestrian to grow from 300 to 2000. The current pedestrian is 300, the grow rate per year is 8% or 1.08 times a year. Thus, to reach 2,000, we have the equation: 300 x 1.08^x = 2000. Show the equate, we have 1.08^x = 6.67 <=> x = 24.65.
c. Denote x as traffic increase rate. The current pedestrian is 300, the grow rate per year is (1+x) times a year. Thus, to reach 2,000 after 12 years and thus a new bracing system to be in place, we have the equation: 300 x (1+x)^12 = 2000. Show the equate, we have (1+x)^12 = 6.67 <=> 1+x = 1.1713 <=> x = 17.13%.
Clinton is probably asking himself which information he wishes he knew earlier, and if he made the right decision when weighing opportunity costs.
In the <span>1920s, many rural banks failed because of the failure of the farms to produce the bumper crops they were producing previously. The farmers had invested heavily in machinery and storage facilities. They drop in production meant that the investment did not recover and they failed to pay their loans back. </span>
Answer:
B. generalizable
Explanation:
we know if this type of testing is so common in the advertising industry, it can also be applied to its staff - its scope is so wide that it does not need to change a thing,
but it is still compatible with its employees.
so correct option is B. generalizable
Answer:
May 1
Cash $900000 Dr
Bonds Payable $900000 Cr
November 1
Interest Expense $31500 Dr
Cash $31500 Cr
Dec 31
Interest Expense $10500 Dr
Interest Payable $10500 Cr
Explanation:
May 1
The bonds are issued at face value which means the company has received full amount of face value which is $900000. So, we debit cash by $900000 and credit bonds payable by the same amount.
Nov 1
The bonds pay interest semi annually and the amount of semi annual interest is,
Semi annual interest = 900000 * 0.07 * 6/12 = $31500
So, when this interest is paid, interest expense is recorded by $31500 as debit and cash is credited by same amount.
Dec 31
Following the accrual basis of accounting, the interest on bond that relates to November and December of the current year will be recorded as a liability and as an expense for this year. Thus, the amount of the interest will be,
Interest accrued - two months = 900000 * 0.07 * 2/12 = 10500
