Answer:
$10,000 credited
Explanation:
DATA
Machine cost = 510,000
Salvage value = $60,000
Useful life = 6 years
Depreciation = $60,000/6years
Depreciation = $10,000
It means that we have overstated depreciation expense for the year with the amount of $10,000.
Retained earnings will be credited by $10,000 As the depreciation expense was overstated mistakenly by $10,000
Answer:
Lynn will receive $63,754 at the end of 8 years.
Explanation:
Future value is the sum of value of principal invested and compounded return received over the investment period.
Using following formula of future value to calculate the required interest rate.
FV = PV x ( 1 + r )^n
PV = Present value = $40,000
n = number of years = 8 years
r = Interest rate = 6%
FV = Future value = ?
FV = $40,000 x ( 1 + 6% )^8 = $63,754
Answer:
3. publicity
Explanation:
According to the Merriam-Webster dictionary, publicity is " information with news value issued as a means of gaining public attention or support". In this situation, Forbes is positively showcasing the best companies to work for in America, raising the public's awareness of those companies, which then leads to more and more people wanting to work for them. Therefore, it is fair to claim that the Forbes list is great publicity for the companies it identifies as the best places to work.
Answer:$74
Explanation: it's the average of the last three payments, plus somebody said it on Yahoo answers so it has to be right
