Answer:
Interest capitalized for 2021 was $ 36,000
Explanation:
In order to calculate the Interest capitalized for 2021 we would have to calculate first the Average accumulated expenditures for 2021 as follows:
Average accumulated expenditures for 2021 = ($200,000 * 12/12) + ($300,000 * 4/12) + ($300,000 * 0/12)
= $200,000 + $100,000 + 0
= $300,000
Therefore, to calculate the Interest capitalized for 2021 we would have to make the following calculation:
Interest capitalized for 2021 = [($200,000 * 12/12) + ($300,000 * 4/12) + ($300,000 * 0/12)] * 12%
= [$300,000] * 12%
= $36,000
Interest capitalized for 2021 was $ 36,000
Answer:
All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year. true
After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest. false
The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods. true
Explanation:
Let me illustrate with examples
I deposit $100 at a simple interest rate of 10% for a year
Simple interest = principal x rate x time
$100 x 0.1 x 1 = $10
I deposit $100 at a simple interest rate of 10% for 2 years
Simple interest = principal x rate x time
$100 x 0.1 x 2= $20
I deposit $100 at a compound interest rate of 10% for a year
Amount ( 1 + rate)^years
$100(1.1)^1 = $110
Interest = $10
I deposit $100 at a simple interest rate of 10% for 2 years
$100(1.1)^2 = $121
Interest = $21
The interest in the second year with compounding is greater than the interest with simple interest rate
Also, the interest earned in prior years is compounded
From what I researched $109.99 not sure if that's sure tho
Answer:
Option (C) is correct.
Explanation:
Abigail deduct in depreciation:
= Total value of three sculptures - (Utility expenses + Supplies expenses)
= $3,200 - ($1,200 + $1,500)
= $3,200 - $2,700
= $500
Since, it is given that the sculpting is considered as a hobby and we know that hobby expenses are deductible to the extent of hobby income of $3,200.
Further, they are deducted in a specific order
:
-
Allowable such as property taxes and interest;
- Related to the activity other than those that decrease basis;
- Things which reduces basis (depreciation).
Answer:
The financial conflicts of interest of senior or key personnel on PHS-funded projects.
Explanation:
According to United States of America Public Health Service, institutions are compelled to present a conflict of interest information on a public website or within five business days upon request. his is to assess or to determine if a substantial financial interest is connected or not to an investigator's research and composes a financial conflict of interest.
Hence, the right answer is The financial conflicts of interest of senior or key personnel on PHS-funded projects.