Answer: none is correct.
Explanation:
Given data:
2 years ago = $500
1 year ago = $300
Today = $800
Solution:
PV ( presents value )
= p * r * t
Where:
p = principal ( $500, $300, $800 )
r = rate = 4%
t = duration (time) ( 2years, 1 year and present ).
= ( $500* 2 * 0.04 ) + ( $300 * 1 * 0.04 ) + $800
= $40 + $12 + $800
= $852
PV = $500 + $300 + $852
= $1,652.
Answer:
a. $32,300
b. $36,300
Explanation:
The computation of the net income under each method is shown below:
a. Cash basis
Net income = Revenues - expenses
= $106,000 - $73,700
= $32,300
b. Accrual basis
Net income = (Collection - service performed collection last year + service performed) - (expenses incurred in current year - expenses incurred in last year + additional expenses incurred in current year)
=($106,000 - $25,600 + $40,700) - ($73,700 - $30,900 + $42,000)
= $121,100 - $84,800
= $36,300
Answer:
C) $118,000
Explanation:
ABC International will have to pay the following interests:
- for the first three month period:
$4,000,000 x (5.5% + 0.65%) x 1/4 = $61,500
- for the second three month period:
$4,000,000 x (5% + 0.65%) x 1/4 = $56,500
total interest for the 6 month period = $61,500 + $56,500 = $118,000
The three construction crafts that require a require a minimum of a 4 year college degree are Building, infrastructure and industry.
<h3>What is College Degree?</h3>
College degree is the qualification which is given to those students who has completed the particular field of the study. There are four types of the College degree like associate, bachelor's, master's, and doctoral.
In the field of the construction the students can get degrees of four years and they can get knowledge about construction of building, electrical and mechanical systems, construction planning, site work, etc.
Thus construction science degree is provided to the students which can be used in Building, infrastructure and industry.
Learn more about construction science here:
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Simple interest is calculated based solely on a percentage of the loaned amount, while compound interest is calculated based on a percentage of the loaned amount and interest. ... Since there is no charge for any interest outstanding, it is less expensive for the borrower to pay off a simple interest loan. Principal.