Answer:
b. Not affect total assets
Explanation: Account receivable is a term used to describe the total amount expected to be paid by debtors to a a business Organisation on transactions completed during a given accounting period,it is an asset account.
WHEN THE ACCOUNT RECEIVABLES ARE COLLECTED, THEY DO NOT HAVE ANY EFFECTS ON THE ASSETS OF A BUSINESS ORGANISATION AS IT HAS ALREADY BEEN ACCOUNTED FOR IN THE ASSETS OF THE BUSINESS ORGANISATION.
Answer:
The general purpose of Georges speech is to make people shift towards adopting ways that would reduce plastic waste.
The world is currently suffering from plastic waste which is non biodegradable. It is harming the environment and destroying sea life.
Water being the most used product, using a reusable plastic water bottle would mean you use lease disposable ones that would automatically reduce plastic waste considerable. A huge different can be made to the hearths environment through it.
Answer:
The correct answer is letter "C": The effective annual rate equals the annual percentage rate when interest is compounded annually.
Explanation:
Interest Rate is the cost of borrowing money, expressed as a percentage of the loan amount. Interest rates are the primary yardsticks for measuring how much return lenders will get.
The effective annual interest rate is a way of restating the annual interest rate so that it takes into account the effects of compounding. Using the effective annual interest rate helps us understand how differently a loan or investment performs if it compounds annually, semiannually, monthly, or in any other time frame. If compounded annually, the effective interest rate equals the annual percentage rate.
Answer:
The answer is D. $2,646,000
Explanation:
Straight-line depreciation equals
Cost of the asset minus salvage value/number of useful or expected years.
Cost of the asset(new plant and property) is $39,690,000
Salvage value is $0
Number of years is 15years
Therefore, Digle expense in depreciation next year will be:
$39,690,000 - 0/15years
= $2,646,000