Answer : Andrew Carnegie and John Rockefeller.
Andrew Carnegie owned and operated the largest iron and steel company in the United States.
John.D. Rockefeller is credited with establishing the oil industry in the United States. His astuteness, efficiency and clear vision helped him to steer through the glut in oil drilling in the early 1860s and establish the oil industry.
Answer:
$2,468,000
Explanation:
LIFO reserve = “Allowance to Reduce Inventory to LIFO” = the difference between the inventory method used for internal reporting purposes and LIFO.
LIFO effect = the change in the Allowance balance from one period to the next = the adjustment that companies must make to the accounting records.
Dr Cost of Goods Sold $168,000
($486,000- $318,000)
Cr Allowance to Reduce Inventory to LIFO $168,000
$2,300,000 +$168,000 =$2,468,000
Therefore the amount that Bramble should report as Cost of Goods Sold in the 2018 income statement is $2,468,000
The policy at which the cash value will grow at the fastest rate is 20-Pay Life Policy.
A 20-Pay Life Policy is designed for people who are looking for limited level premiums with cash value growth and also permanent death benefit protection. So, a person pay 20-level annual premiums, but the death benefit is guaranteed for them for a lifetime lifetime.
The life insurance company generally invests the premium payment in a conservative yield investment. Thus, so when you continue to pay premiums on the policy and earn more interest, your cash value will grow over the years.
Hence, so after the 20-year term ends, you can either let your policy expire or can renew it.
To learn more about 20-Pay Life Policy here:
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Answer:
$2,365.02
Explanation:
For computing the price we have to applied the Present value formula i.e to be shown in the attachment
Given that,
Future value = 2,000
Rate of interest = 5.36% ÷ 2 = 2.68%
NPER = 14 years × 2 = 28 years
PMT = $2,000 × 7.230% ÷ 2 = $72.3
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the price of the bond is $2,365.02
The 14 years is taken from
= Year 2033 - year 2019
= 14 years