Answer: No
The order of variables does not matter when combining like terms in algebra, because of the commutative property.
Explanation:
Consider the addition of two algebraic expressions.
f(x) = x³ - 5x² + 3x - 2
g(x) = 6x³ + 10x² - 7x + 9
Add f(x) and g(x).
f(x) + g(x) = x³ - 5x² + 3x - 2 + (6x³ + 10x² - 7x + 9)
= x³ + 6x³ - 5x² + 10x² + 3x - 7x - 2 + 9
= 7x³ + 5x² - 4x + 7
Now add g(x) and f(x) in order to change the order of variable addition.
g(x) + f(x) = 6x³ + 10x² - 7x + 9 + (x³ - 5x² + 3x - 2)
= 6x³ + x³ + 10x² - 5x² - 7x + 3x + 9 - 2
= 7x³ + 5x² - 4x + 7
The two additions yield the same result, although the order of variable was reversed during the addition.
In general, algebraic operations are commutative.
Retained Earnings = $86,000
Accounting Equation…Assets= Liabilities + Owners Equity
Assets (Cash, acct rec, equipment, building, land) = $421,000
Liabilities (Notes payable, accounts payable)= $260,000
Equity (capital stock) = $75,000
Liabilities + Equity= $335,000
Retained Earnings flows into equity
$421,000-$335,000= $86,000
$335,000+86,000= $421,000
So the equation balances.
Answer: Option (2)
Explanation:
Engagement letter is referred to as an or known as an agreement for the services firm in order to provide the services to the client. This letter is known to be essentially an abbreviated agreement which defines services that are to be performed and also amount of the compensation that is to be paid. These letters are mostly required by the service firms that are engaged in the audit, tax, consulting, finance and legal advice.
Answer:
- Compound Interest ⇒ FV = PV x (1 + I ) ^N
- Simple Interest ⇒ FV = PV x I x N
Explanation:
With compound interest the rate of growth needs to be compounded which is why the time period is used to exponentially adjust it.
With simple interest there is no compounding so the value is simply the interest that will be earned every period (which is a constant value) multiplied by the number of periods and the amount to be invested.
Answer:
It is preferable to further process Product A.
Explanation:
Product should be processed further before sale if the net incremental benefits from further processing is positive.
The net incremental benefits from further processing is increase in revenue when further processed less further costs of processing.
Increase in revenue=$58,000-$40,000
=$18,000
Further processing costs=$15,000
Net incremental benefits=$18,000-$15,000
Net incremental benefits=$3,000
Since processing further brings a net benefit of $3,000, Product A should be further processed before being sold.
