Amount = $10000
Let us assume the principal = x
Amount of interest = 5%
Time = 5 years
Then
x (1 + i)^t = 10000
x(1 + 0.05)^5 = 10000
x(1.05)^5 = 10000
1.28x = 10000
x = 10000/1.276281
= 7835.26
From the above deduction, it can be easily concluded that the correct option among all the options that are given in the question is the second option or option "B".
I think it’s the continual system
Answer:
Dr D. Hopkins, Capital 210,000
Cr P. Houghton, Capital 10,000
Cr M. Hammel, Capital 10,000
Cr Cash 230,000
Explanation:
Preparation of the December 31 journal entry for the partnership.
Based on the information given the December 31 journal entry for the partnership will be :
Dr D. Hopkins, Capital 210,000
Cr P. Houghton, Capital 10,000
(100,000-80,000/2)
Cr M. Hammel, Capital 10,000
(100,000-80,000/2)
Cr Cash 230,000
Answer:
1. forced America to produce goods once imported from England ⇒ Embargo Act of 1807: law passed by Thomas Jefferson that prohibited American ships from trading in foreign ports.
2. non-involvement in world affairs ⇒ isolationism: policy that tries to separate a country from getting involved in foreign disputes or political affairs
3. negotiations between labor and management ⇒ collective bargaining: when employers and workers unions discuss wage increases and other working conditions and benefits
4. Alaskan Purchase ⇒ Seward's Folly: Seward's Folly or Seward's Icebox was the term given to the Alaska purchase deal by its opponents who believed Alaska was worthless.
5. battle of San Juan Hill ⇒ Rough Riders: 1st United States Volunteer Cavalry that were led by Leonard Wood and Theodore Roosevelt in the battle of San Juan.
6. combining of corporations ⇒ consolidation: when two corporations merge into one single company.
7. blown up in Havana harbor ⇒ Maine: In 1898 the USS Maine was blown up and sank in Havana, it started the Spanish - American War.
8. Clermont ⇒ Fulton's Folly: Robert Fulton owned the Clermont (AKA Fulton's Folly) was the first steamboat vessel to be used as a commercial way of transportation.
9. interchangeable parts ⇒ standardized parts: The assembly developed by Henry Ford used interchangeable and standardized parts.
