Answer:
7,540
Explanation:
Principle is $13,000
Rate is 5.8%
Time is 10 years
Therefore the simple interest can be calculated as follows
= principle × rate × time
= 13,000 × 5.8/100 × 10
= 13,000 × 0.058×10
= 7,540
Hence the simple interest is 7,540
Answer:
2018 loss for 1,500
2019 gain for 4,000
Explanation:
purchase at 715,000
December 31th 713,500
adjusting entry december 31th
loss on investment 1,500 debit
marketable securities 1,500 credit
january 3rd, 2019
cash 717,500 debit
gain on investemnt 4,000 credit
martetable securities 713,500 credit
to record gain on investment
Answer: within one year
Explanation:
Current liabilities are the liabilities that are incurred by a firm and must be settled within a year.
Typically, the current liabilities are settled by using the current assets. Examples of current liabilities are the accounts payable, noted payable, dividends and the short-term debt.
Answer:
a. I will hire three new salespeople prior to our next product release.
Explanation:
Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.
a balance achieved between two desirable but incompatible features; a compromise.
