Answer:
No adjustment in records can be made until the asset is sold.
Explanation:
This is an example of cost concept. Assets are generally recorded at cost and remain on the accounting records at cost until they are disposed of. Future economic condition may change this appraised value, and therefore no adjustment in records can be made until the asset is sold.
Answer:
r = 9.14%
Explanation:
Simple interest = P * (1+rt)
Simple interest = $10,000 * (1+0.10 * 3)
Simple interest = $10,000 * 1.3
Simple interest = $13,000
Calculating the compound interest rate
A = P*(1+r)^n
$13,000 = $10,000 * (1+r)^3
(1+r)^3 = $13,000 / $10,000
r = ![\sqrt[3]{$13,000/ $10,000 - 1}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B%2413%2C000%2F%20%2410%2C000%20%20-%201%7D)
r = 0.0914
r = 9.14%
Answer: sinking fund
Explanation: In simple words, it refers to the method under which then organisation set aside a fund for the repayment of this debt over the years.
Under this method, the organisation is setting aside 10 percent every year so that there will be no heavy load on the organisation at the end of the tenure.
Hence from the above we can conclude that the given case depicts sinking fund.
Answer: B. Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month.
Explanation:
From the options given in the question, the solution that is likely to best allocate her time between the four team members will be option B "Seo Yeon should set up an internal market, allocating 10 hours per week to each team member and allowing them to trade hours among themselves over the course of a month".
Since the teams have different deadlines, she should allocate her time equally to the four teams and help them out based on their deadlines as those with nearer deadlines should be helped first. We should also note that she shouldn't allocate the whole 40 hours to a particular team as that's not fair and can bring about disunity.
Answer:
Correct answer is: Present value of annuity due of $1 at 10% for 10 periods
10 annual payments to be made each of $6000 with the Discount factor of Present value of annuity due of $1 at 10% for 10 periods Freeman will get the initial value (Present value which is to be paid in future)
