Answer:
(i) $ 1653.75
(ii) $ 1653.75
(ii) $ 1657.76
Explanation:
Since, the amount formula in compound interest,
Where,
P = Principal amount,
r = annual rate of interest,
t = number of years,
n = number of compounding periods per year,
(i) P = 1500, r = 5% = 0.05, t = 2 years, n = 1,
(ii) P = 1500, r = 5% = 0.05, t = 2 years, n = 4,
(iii) Amount formula in compound continuously,
Answer:
True
Explanation:
The reason is that every person in the society must act in accordance to a better ethical principles that assist him to act as good social being. So it doesn't who you are, you might be a doctor, an engineer, teacher, etc. you have to act in the best interest of the people and this is ethics. This rule applies to all of the society to act as a good resident of state.
Answer:
lack of consumer safety
Explanation:
One of the biggest unethical practices that occur during the innovation process is lack of consumer safety. The entire idea of the innovation process is to try and create something truly functional that has not been done before and release it way before any competitor can create a similar product. In this rush to create the product, producers completely ignore many obvious faults that the product may have and/or any dangers it may pose to the consumer as long as the product works as intended.
Same question :
Kamau owned the patent of safety lock. Moses and Co. acquired the right to manufacture and sell
locks for seven years on the following terms:
a) Ofien0 and Co. to pay Kamau a royalty of Shs. 5 for each lock sold with a minimum ana
payment of Shs. 50,000. Accounts are to be settled annually on 31 December
n any year the royalty calculated on locks sold amounted to less than Shs. 50,000. Moses
and Co. is to have the right to deduct the deficiency from the royalty payable in excess of that
sum in the two following years. The number of locks sold was as follows:
Year ended 31s December:
2017 8,000
2018 9,000
2019 11,000
2020 18,000
Required:
Prepare the necessary ledger accounts to record the above royalty transactions in the books of Moses
and Co. which are closed annually on 31s December
i. Royalties Account
ii. Minimum Rent Account
ii. Short workings Account
iv. Kamau's Account
V. Profit and Loss Account