Answer:
Asset exchange transaction
Explanation:
Prepaid rent is an asset exchange transaction because cash (asset) is credited while prepaid rent (also an asset) is debited.
Rent paid in advance is recorded as follows:
Dr Prepaid rent
Cr Cash
As the months go by, the prepaid rent is credited and rent expenses is debited.
Dr Rent expense month 1
Cr Prepaid rent month 1
Answer:
PERT ( Program Evaluation Review Technique)
Explanation:
PERT stands for Program Evaluation Review Technique. PERT charts are tools used to plan tasks within a project - making it easier to schedule and coordinate team members accomplishing the work.
PERT is a project management planning tool used to calculate the amount of time it will take to realistically finish a project.
Hence PERT is a technique to analyze and sequence tasks involved in completing a project, to estimate the time needed to complete each task, and to determine the minimum amount of time needed to complete each project
Answer:
Total Cost = $309,366
Explanation:
Given:
Number of year = 15 year
Monthly payment = $1,718.70
Find:
Total Cost
Computation:
Total Cost = Number of year x 12 months x Monthly payment
Total Cost = 15 x 12 x 1,718.70
Total Cost = $309,366
The estimators are the blocks in this study
Explanation:
An estimator is a law in statistics for estimating a calculation based on observed figures for a given amount, thereby differentiating the definition, the quantity of value and its consequence. There are estimators for point and time.
To order to measure the time, energy, equipment and function necessary to produce a commodity, constructing a building or provide a service, cost estimators must gather and analyse data. They typically work on a particular company or industry.
It can either be finite-dimensional (parametric and semi-parametric) or infinite-sized (semi-parametric / non-parametric).
Answer:
$4,900 (From simple interest method)
Explanation:
Given:
Amount invested (p) = $4,000
Interest rate for simple interest (r) = 4.5% = 4.5/100 = 0.045
Interest rate for Compound interest (i) = 4%
Number of year (t) = 5
Computation of amount from simple interest method:
Amount = p(1+rt)
Amount = $4,000[1+(0.045 × 5)]
Amount = $4,000[1+0.225]
Amount = $4,000[1.225]
Amount (from simple interest method) = $4,900
Computation of amount from compound interest method:
Therefore, Amount from simple interest method is higher .
