The interest earned by the Sherwood Day Corporation is calculated by subtracting from the net income all the expenses including the interest expense and the tax expense. Mathematically,
interest earned = $200,000 - ($40,000 + $30,000)
= $130,000
Answer:
E) Social Loafing
Explanation:
social loafing is the phenomenon of a person who exerts less effort to achieve a goal when working in a group than when working alone
The value of the retirement account will be the future value which is calculated using FV function of Microsoft excel as in =FV(rate,nper,pmt) where
RATE = Annual interest rate = 8% = 8/100 =0.08
NPER = number of periods = number of years = 25
PMT= Annual deposit = 5850
Retirement account value =FV(0.08,25,5850) = 427,669.75
The balance in the retirement account in 25 years = $427,669.75