it is intrapersonal, and i know that for a fact.
Answer: Bank B is the better investment. In 10 years, her $2,000 will grow to $4,317.85, and with bank A, her $2,000 will grow to $3,700.
Explanation:
Bank A was offering 8.5% simple interest. $2000 with 8.5% simple interest. = A = P(1 + rt)
A = 2000(1+(0.085*10))
= 2000(1+0.85)
= 2000(1.85)
= 3,700
Bank B was offering 8% compounded annually
= A = P(1+r/n)^nt
A= 2000(1+8%/1)^1*10
A= 2000(1+0.08)^10
A= 2000(1.08)^10
A= 2000*2.1589
= 4,317.85
Answer:
The journal entry is shown below:
Explanation:
The journal entry is as follows for recording the depreciation:
Depreciation expense A/c.........................Dr $ 14,400
Accumulated depreciation...............Cr $ 14,400
Working Note:
Depreciation rate = 100 % / Number of years of life
= 100 % / 10 years
= 10%
This will be multiplied by 2
= 10% × 2
Depreciation rate = 20%
Using the double declining method:
In year 2019
Depreciation expense = Cost of purchasing × Depreciation rate
= $180,000 × 20%
= $36,000
In year 2020
Depreciation expense = ( Cost of purchasing - Depreciation expense of last year) × Depreciation rate
= ($180,000 - $36,000) × 20%
= $144,000 × 20%
= $28,800
Using the Straight Line method:
In the year 2021
Depreciation expense = (Cost of purchasing - Depreciation expense of 2 years) / Number of years of useful life
= ($180,000 - $64,800) / 8
= $115,200 / 8
= $14,400
Answer:
$47,000
Explanation:
Computation for the net cash flows from operating activities using the indirect method.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $28,000
Adjustments to reconcile net income to
Net cash provided by operating activities
Depreciation expense $15,000
Increase in Accounts Receivable -$2,500 ($8,000-$10,500)
Decrease in inventory $3,000
($21,000-$18,000)
Increase in accounts payable $5,000
(15000-10000)
Decrease in income taxes payable -$1,500 ($1,000-$2,500)
Net cash flows from operating activities $47,000
Therefore the net cash flows from operating activities using the indirect method is $47,000
Answer:
forced U.S. to become more self-reliant
Explanation:
The 1807 Embargo Act in the short run resulted in very serious negative effects, but in the long run it helped the American economy to be more self-reliant.
Some of the negative effects on the short run include:
-agricultural products' prices and earnings decreased
-shipping-related industries were devastated
-existing markets were wrecked
-unemployment increased
-smuggling was widely endorsed by the public
-prices of domestic shipping increased
-imports and exports decreased
As a very positive effect, specially on the long run, it increased reliance on domestic manufacturing
.
