Answer: financial aid mostly
Explanation:
Answer:
Annual deposit= $7,930.11
Explanation:
Giving the following information:
FV= $98,000
n= 9 years
i= 0.0775
<u>To calculate the annual deposit, we need to use the following formula:</u>
<u></u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (98,000*0.0775) / [(1.0775^9) - 1]
A= $7,930.11
Answer:
An increase in total liabilities and a decrease in stockholders' equity
Explanation:
When a dividend is declared but not ye paid, it is credited as current liability because it has increased the company liability while retained earnings is being Debited because of the profit distribution.
When it is eventually paid, cash account is credited while dividend liability account is debited.
Answer: The following would be true if the attorney charges Brendon using a retainer: <u><em>the attorney would charge separately for consultation and paperwork.</em></u>
The attorney from the firm will look into the case and thereby charge separately for consultation and paperwork.
<u><em>Therefore the correct option in this case is (b)</em></u>