Answer:
$18,750
Explanation:
Present value (PV): $12,000
Tenor: 3 years
Future value (FV): $15,700
We have the formula:
FV = PV*(1+ annual rate) ^ number of year
15,700 = 12,000 * (1 + rate) ^3
-> Rate = (15,000/12,000)^(1/3) – 1 = 7.722%
If Sam invest in 6 year, the amount he expect to have is the future value in below calculation:
FV = 12,000 * (1+ 7.722%)^6 = 18,750
Answer: d
Explanation: I would say she asked about pay before she was offered the position
Answer:
Please see explanation
Explanation:
The transactions shall be recorded in the general ledger in the following way:
Debit Credit
Cash $13,000
Common stock $13,000
(Received $13,000 cash from the issue of common stock)
Accounts receivable $45,000
Revenue $45,000
(Performed services on account for $45,000)
Utility expense $1,100
Cash $1,100
(Paid the utility expense of $1,100)
Cash $33,000
Accounts receivable $33,000
(Collected $33,000 of the accounts receivable)
Salaries expense $6,250
Salaries payable $6,250
(Recorded $6,250 of accrued salaries at the end of the year)
Retained Earnings $1,000
Cash $1,000
(Paid a $1,000 cash dividend to the stockholders)
When looking at plant layout, Ford most likely uses product layout because automobiles undergo the same operations in the same order.
