Answer:
FV= $6,308.12
Explanation:
Giving the following information:
Semiannual deposit= $1,000
Number of periods= 6
Interest rate= 4%= 0.04= 0.04/2= 0.02
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= semiannual deposit
FV= {1,000*[(1.02^6) - 1]} / 0.02
FV= $6,308.12
<u>In a financial calculator:</u>
Function: CMPD
Set: End
n= 6
i= 2
PV= 0
PMT= 1,000
FV= solve= 6,308.120963
An ERP (enterprise resource planning) system is a software application that includes a centralized database and is used throughout a company. It enforces best practices through the software's business processes.
Enterprise Resource Planning (ERP) is business management software that enables a company to use a collection of interconnected applications. The ERP systems automate and simplify the operations, resulting in a leaner, more accurate and more efficient organization. ERP gives the unparalleled visibility into the main business activities.
ERP may integrate information and procedures in one location rather than managing each aspect of the firm with a separate system. This streamlines tasks, automates procedures, and allows all parts of the supply chain to work more efficiently.
As a result, an ERP (enterprise resource planning) system is a software program with a centralized database that is utilized throughout a business. It enforces best practices through the business operations of the program.
To know more about ERP click here:
brainly.com/question/26598341
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Answer:
Explanation:
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Answer:
Option c is the correct answer.
Explanation:
The depletion expense or charge for the period can be calculated using the following formula,
Depletion expense = [(Cost - Salvage Value) / Total units expected to be mined] * Units mined during the period
Depletion expense = [(1500000 - 250000) / 2000000] * 150000
Depletion expense = $93750
The entry to record the expense is,
Depletion expense 93750 Dr
Accumulated depletion 93750 Cr
So, option c is the correct answer.
