Answer:
$800,579.28
Explanation:
The sum of the monthly payments can be found by the "annuity due" formula:
A = P(1 +n/r)((1 +r/n)^(nt)-1)
where P is the monthly deposit, r is the annual interest rate, n is the number of times per year it is compounded, and t is the number of years.
For this problem, we have ...
A = $400(1 +12/.06)(1(1 +.06/12)^(12·40)-1) = $400(201)(1 -1.005^480 -1)
A = $800,579.28
The account balance after 40 years will be $800,579.28.
Answer:
Explanation:
The journal entries are shown below:
On March 12:
Service fee expense A/c Dr $10,000
To Accounts payable $10,000
(Being purchase of service is recorded)
On March 31:
Accounts payable A/c Dr $10,000
To Cash A/c $10,000
(Being cash payment is made)
Answer: c) closing entries
Explanation:
An Accounting worksheet is simply used to be able to draft accounting information and make reports from them. As such you will find them with adjusting entries, unadjusted trial balance and the drawing account.
Closing entries are used to close out the books at then end of an accounting period and so will not appear on an accounting worksheet.
Answer: Winners curse
Explanation:
Winners curse could be seen as a situation where all bidders have the same value for an item and they receive a private signals where in most occasions the winner is that individual that over estimate or overpays for the bid. When the winner of the bid exceed the true worth of that item. Most Ines this can result to loss in order to carry out the work, due to the bidder overestimated in their bid.
Hi Silvia, You did not give any options to choose from.
