Answer:
C. There is a shortage so interest rates will rise.
Answer:
To Keep Track
Explanation:
When posting journal amounts into the ledger, incase the accountant gets stopped in the middle of this process - they fill in the PR column with the account # so they know where they left off.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Investment= $4,500
Interest rate= 11.45%
For both options, we will use the following formula:
FV= PV*(1+i)^n
a. Number of years= 43
FV= 4,500*(1.1145^43)
FV= $476,053.37
b. Number of years= 33
FV= 4,500*(1.1145^33)
FV= $161,010.77
Answer: The student should deposit= $3,272.40
Explanation:
The formula we need to use is
FV
=
P
(
1
+
rt
)
where:
F
V = the future value.
P
= the principal amount.
r=
the rate of interest. = `12%= 0.12
t= time in years.
= 4/12= 1/3 =O.3333
FV
=
P
(
1
+
rt
)
$3,400 = P (1 + 0.12 X 0.3333)
$3,400 = P (1 + 0.039)
$3,400 = P (1.039)
P= 3400 /1.039= $3,272.40
Answer:
$562,500
Explanation:
Depletion expenses = Land expenses
Depletion expenses = [$2,300,000 - $50,000 / 4]
Depletion expenses = $2,250,000 / 4
Depletion expenses = $562500
So, the depletion expense recorded for 2018 is $562,500
