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e-lub [12.9K]
4 years ago
7

Find the interest rate for a $5000 deposit accumulating to $7647.81, compounded quarterly for 9 years.

Business
1 answer:
kobusy [5.1K]4 years ago
7 0
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When Auditing the i._____________ area on the financial statements sending out confirmations is required, unless the following t
stiv31 [10]

Answer:

The missing answer is Accounts Receivable.

Explanation:

If a company (say Sender Limited) provides goods and or services to a customer and that customer is yet to pay, the amount due is entered under the Accounts Receivable (AR) portion of Sender Limiteds financial records. In order words Accounts Receivable (AR) is simply money owned to Sender LImited by clients or other debtors.

In a company's balance sheet, the AR is recognized as Current Assets. That is, it is expected that such monies will come in within a year.

When Auditing the accounts receivable area on the financial statements sending out confirmations is required.

It is normal at this point for auditors to requests (electronically or via traditional mail) to

a. customers to verify accounts receivable and

b.  to financial institutions to confirm outstanding promissory notes.

The following are financial areas that may be investigated:

i. cash transactions,

ii. inventory records, and consigned merchandise

iii. long-term contracts,

iv. accounts payable and contingent liabilities, and

v. any transaction that looks suspicious

Cheers

4 0
3 years ago
Compare and contrast gross earnings and net pay
Savatey [412]
Gross earnings is your total income earned without the deductions in place.
Net pay on the other hand is your total income plus tax deduction.
7 0
3 years ago
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Aaron is considering an investment that will pay $7,500 a year for five years, starting one year from today. This is an example
Olegator [25]

Answer:

This is an example of a

b. an ordinary annuity.

Explanation:

Aaron's cash inflows of $7,500, which he receives at the end of the year, is an ordinary annuity because it comprises a series of equal payments receipts received over a fixed length of time, and it occurs at the end of the year.  If Aaron receives the series of payments at the beginning of each period and not at the end, it will be described as an annuity due.  If Aaron receives the series of payment indefinitely, it is called a perpetuity.

7 0
3 years ago
The three main logical operators are ________, _________, and ________.
8090 [49]
The three main logical operators are ___and_____, ____or_____, and ____not____.
4 0
3 years ago
Sheffield Corp.is planning to sell 400 buckets and produce 480 buckets during March. Each bucket requires 500 grams of plastic a
Advocard [28]

Answer:

Direct labor= $12,960

Explanation:

Giving the following information:

Sheffield Corp.is planning to sell 400 buckets and produce 480 buckets during March. Each bucket requires 500 grams of plastic and one-half hour of direct labor. The employees of the company are paid $18 per hour.

Direct labor= (480 units* 1.5 hours)*18= $12,960

6 0
3 years ago
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