Answer:
A) Dr Supplies Expense $2,600
Cr Supplies $ 2,600
Explanation:
The supplies account had an opening balance of $ 2400. Purchases were made of $ 3000 so the total debit balance was $ 5400. The year end showed a debit balance of $ 2800.
So $ 5400- $ 2800= $ 2600 Supplies were used and credited .
An expense account would be used to show this so
Supplies Expense is debited with $ 2600 and
Supplies Account is credited with $ 2600 showing a net debit balance of $ 2800 at the end of the year.
Research and development expenses, since these costs are intended to spur future growth, they should be considered capital expenses.
The term "expenditure on research and development" (R&D) refers to all costs associated with conducting research at colleges, universities, and other institutions of higher learning, whether those costs are covered by general institutional funds, specific grants, or contracts with public or private sponsors. Nearly US$ 1.7 trillion has been spent globally on research and development, which is a record high. Approximately 10 nations receive 80% of the money spent on expenditure on research and development. Countries have committed to significantly boosting public and corporate R&D spending as well as the number of researchers by 2030 as part of the Sustainable Development Goals (SDGs). The total amount spent on R&D, and expenditure on research and development in the US was $607.5 billion.
Learn more about Research and development expenses here:
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Answer:
The interest rate is "21.999%".
Explanation:
The given values are:
Amount lent,
= 10,000
Amount repaid,
= 27,027
Years (n),
= 5
As we know,
⇒ 
On substituting the given values, we get
⇒ 
⇒ 
⇒ 
⇒ 
⇒ 
On subtracting "1" from both sides, we get
⇒ 
⇒ 
i.e.,
⇒ 
