Answer:
$440,113.37
Explanation:
Since the engineer is placing $7,000 at the end of every year for the 22 years, therefore the amount which will be saved by him at the end of 22 years shall be determined through the future value of annuity formula which is given as follows:
Amount after 22 years=R[((1+i)^n-1)/i]
In the given question
R=amount saved by engineer per year=$7,000
i=interest rate involved=9%
n=number of payment to be made=22
Amount after 22 years=7,000[((1+9%)^22-1)/9%]
=$440,113.37
Answer:
Date Account title and Explanation Debit Credit
Investment in nursery supplies share $69 million
Cash $69 million
(To record equity investment)
Investment in nursery supplies share $8 million
(40 million*20%)
Investment revenue $8 million
(To record share in net income reported by N' supplies)
Cash $7.5 million
(20 million*25%*1.50)
Investment in nursery supplies share $7.5 million
(To record share in dividend received from N' supplies)
Producing a bill of materials is a business process in the functional area known as A. Manufacturing and production.
<h3>What is production?</h3>
It should be noted that production simply means the creation of a particular good that can be used by the consumers.
In this case, producing a bill of materials is a business process in the functional area known as manufacturing and production.
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In order to separate its finances into different categories, Wyatt uses the fact that the notebook has section dividers. So the option you are looking for is B. Hope you can get help from this
The present economic system of the United States would be most accurately described as <u>free market economy</u> while the present economic system of China would be most accurately described as <u>socialist economic system</u> of China.
<h3>What is an
economic system?</h3>
This refers to the method used by a society to produce and distribute goods and services depending on their goals and values.
<h3>Types of
economic system:</h3>
- Traditional economy: This means an economic system in which people produce and distribute goods according to customs handed down from generation to generation.
- Command economy: This is an economic system in which the government makes all economic decisions.
- Market economy: This is an economic system in which individual choice and voluntary exchange direct economic decisions
- Socialism: This is an economic system in which the government owns some or all of the factors of production.
- Communism: This is an economic system in which the government owns all the factors of production and there is little to no political freedom
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