Given:
Principal = 11,000
return rate = 6%
term = 20 years
Without additional information, I can treat this problem as a simple interest problem.
Simple Interest = Principal * rate * term
Simple Interest = 11,000 * 0.06 * 20 years
Simple Interest = 13,200
11,000 + 13,200 = 24,200 total balance after 20 years.
Assuming that the interest is compounded once a year.
A = P (1 + i/n)^t*n
A = 11,000 (1 + 0.06/1)^20*1
A = 11,000 (1.06)^20
A = 11,000 * 3.207
A = 35,278.49 total amount after 20 years.
The amount involving compounding interest is greater than simple interest because in compounding interest, the interests earned in the previous years also earn its own interest. Whereas, in simple interest only the principal earns an interest.
Answer:
Explanation:
Linear Programming formulation:Total profit = 70X1 + 50X2= 170
Subject to:8X1 + 3X2 <= 14
10X1 + 6X2<= 22
X2<=15
X1>= 0
X2>=0
Answer:
Luney Corporation is authorized to sell 100000 shares
luney has issued = 70000 shares
luney has shares outstanding 63000
Explanation:
given data
maximum shares of common stock = 100,000
sold shares = 70,000
reacquired = 7,000
solution
we know here 100000 shares are mention in charter of the company
so Luney Corporation is authorized to sell 100000 shares
and luney has issued = 70000 shares
so here
we know that
luney has shares outstanding = 70000 - 7000
luney has shares outstanding 63000
Inflation is an increase in prices so the answer would be more
Part 1. The problem with the manager asking for an adjustment of the bad debt loss to meet the desired bonus is that it is <u>unethical</u>.
<h3>What is ethical accounting?</h3>
Ethical accounting follows the specific rules of the accounting profession and not the personal biases of management.
Accounting ethics deals with the following principles:
- Integrity
- Objectivity
- Professionalism,
- Confidentiality
- Professional competence and due care.
Part 2. The amount that would be recorded as the bad debt expense is $10,560
<h3>Data and Calculations:</h3>
2% of $33,000 = $660
5% of $14,000 = $700
10% of $22,000 = $2,200
25% of $12,000 = $3,000
40% of $10,000 = $4,000
Total $10,560
Part 3. The bad debt expense for the year would be $10,560 if there were no previous balance of the allowance for doubtful accounts.
Part 4. Since the required information is lacking, we can conclude that it is unethical behavior if the bad debt expense must be adjusted to meet the desired bonus target.
Learn more about ethical accounting at brainly.com/question/13396824
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