Answer:
Annual deposit= $8,896.79
Explanation:
Giving the following information:
You believe you will spend $47,000 a year for 13 years once you retire in 26 years.
The interest rate is 7% per year.
<u>First, we need to calculate the total amount required:</u>
FV= 47,000*13= $611,000
<u>Now, using the following formula, we can determine the annual deposit:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (611,000*0.07) / [(1.07^26) - 1]
A= $8,896.79
This question is usually asked during job interviews. The interviewer wants to know what skills and knowledge do you have that will help him/her tell if the job is really suitable for you. You will just have to enumerate the technical skills you are confident on based on your experience and previous lessons.
Answer:
A. Would be as useful to a business which makes sales only on a credit basis, as it is to a business making sales for cash.
Explanation:
A cash budget shows the cash flow for a business over a certain time period in which the budget determines if the business has enough cash to operate.
Answer:
D. Estimated Warranty Payable 1,500
Merchandise Inventory 1,500
When the Warranty is honored, the Estimated Warranty account is debited to show the claiming of the expense.
The relevant asset account which in this case is Merchandise inventory is credited to show that it's reduction.
The legal issue Susan's father was advising her about is known as caveat emptor.
<h3>What is caveat emptor?</h3>
Caveat emptor is the principle which states that consumer alone is the one responsible for checking the quality and the suitability of goods before a purchase is made. Caveat emptor is a Latin phrase that means "let the buyer beware.
It was used to express the doctrine used by businesses during the 1900s that meant "what you see is what you get. Susan is being told by her father to be beware of the contract terms and the property she is going to buy, which is necessary to avoid complaint afterwards.
Therefore, the legal issue Susan's father was advising her about is known as caveat emptor.
Learn more about caveat emptor here: brainly.com/question/5004670
