Answer:
18 years
Explanation:
Given that;
P= $23,000
A= $76,300
r= 6.7%
From
A = P(1 + r/100)^n
76,300 = 23,000 (1 + 0.067)^n
3.3 = (1.067)^n
Taking logarithm of both sides
log 3.3 = log (1.067)^n
log 3.3 = nlog(1.067)
n= log 3.3/log 1.067
n= 0.5185/0.0282
n= 18 years ( to the nearest year)
Answer: market economy’s do not have government interference in businesses
Explanation:
Answer:
31%
Explanation:
The current price is $3,863.99
The precious price is $5,599.99
The actual difference in price is $5,599.99 - $3,863.99
=$ 1, 736.00
Percentage decrease will be actual decrease/ original price X 100
= $ 1736.00/ $5,599.99 x 100
=0.31 x 100
=31%
Answer: The answer (C) is false.
Explanation: Some organizations may not declare publicly that romantic relationships are forbidden in their workplace. However, romantic relationships which exist in a workplace may cause potential conflicts and legal repercussions from the liaison. Some companies ban relationships between employees in the same department to reduce the likelihood of personal emotions/conflicts or relationship issues infiltrating the working environment. This will affect productivity and create a negative environment for other colleagues. Furthermore, employees who use romantic relationship to their advantage for workplace advancement is strictly prohibited.
Answer:
C. Insurance expense will increase $2,250
Explanation:
On April 1 2016, the following journal entry will be recorded in respect of the premium paid on a one year insurance policy:
Debit Credit
Prepaid Insurance $3,000
Cash $3,000
The year end given in this question is December 31, 2016 and the insurance premium is for one year and since the insurance premium is paid on April 1, 2016, therefore, only expense in respect of 9 months i.e. from April 1, 2016 to the December 31, 2016 will be recognised in this year. Remaining expense of three months will be recognised in the Year ended December 31,2017.
The following Journal entry will be recorded in respect of insurance expense in accounts on December 31, 2016.
Debit Credit
Insurance expense(3,000*9/12) 2,250
Prepaid Insurance 2,250
So the answer will be C. Insurance expense will increase $2,250