The accrual basis of accounting states that “expenses are matched with related revenues and are reported when the expense is incurred, not when cash changes hand”. Therefore, adjusting entries are required because of the matching principle in accounting.
Answer:
5) Nonsanctioned leadership is as important as formal influence.
Completely True!
better say that the Person is late to do Researches!!
In the united states, business cycles have happened against a backdrop of a long-run trend of rising real GDP.
<h3>What is Gross Domestic Product?</h3>
Gross domestic product (GDP) is a monetary indicator of the total market value of all the finished products that nations produce over a given time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is. The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP).
Economic activity goes through periods of boom and then contraction during business cycles. Both the general welfare of society and the welfare of private entities are affected by these developments. Business cycles are a sort of variation that may be found in the overall economic activity of a country. A business cycle is made up of expansions that occur roughly at the same time in many different economic activities, followed by contractions that are similarly widespread (recessions).
Hence, In the united states, business cycles have happened against a backdrop of a long-run trend of rising real GDP.
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Answer:
a. $1,916.00
b. $30,656
c. $7,617
Explanation:
a. As they are depositing a set amount every 6 months, this is an annuity. The $36,273 is the future value of the annuity in 8 years.
n = 8 years * 6 = 16 semi annual periods
rate = 4.4/ 2 = 2.2% every 6 months
Future value = Amount * (([1 + i]^n) - 1 )/i
36,273 = Amount * (([1 + 2.2%]^16) - 1 )/2.2%
36,273 = Amount * 18.931485
Amount = 36,273/18.931485
= $1,916.00
b. Total amount deposited
= 16 * 1,916
= $30,656
c. Total amount of interest earned;
= Amount in fund - Total deposited
= 38,273 - 30,656
= $7,617
