Answer:
The retirement fund will last for 33 years and 7 months
Explanation:
We need to solve for time in an ordinary annuity
C $15,000.00
rate 0.004 (4.8% divide by 12 month)
PV $3,000,000
time n
we clear for n as much as we can and solve

now we use logarithmic properties to solve for n:
-403.16
this will be a value in months so we divide by 12 to get it annually
403/12 = 33,5833
we convert the residual to months:
0.5833 x 12 = 6.996 = 7 months
Answer:
Explanation:
Total revenue is the amount of money you got for selling all of your products/services.
Marginal revenue is the amount of money you got for selling the last unit of goods or services.
Answer:
(B) $18.40
Explanation:
we build the equation system and solve for variable overhead
we must understand that overhead unit cost if calculate as follow:
variable overhead + fixed overhead / volume
so:

We rearrange:

We equalize:

And now we solve:
(33.8 - VMO) x 3 = 64.6 - VMO
101.4 - 3 VMO = 64.6 - VMO
36.8 = 2VMO = 18.4
This scenario is an example of attempted "phishing"
Your answer is phishing
Answer:
Option B) Bad Debt Expense 500Accounts Receivable – Bob Smith 500
Explanation:
These entry doesn't exist because first you recognize the bad debt against the Allowance for Doubtful Accounts, and then when the company wrote off the account, it's the moment the entry it's Allowance for Doubtful Accounts against the Account Receivable.