Answer:
t = 4.607742347 years rounded off to 4.61 years
Explanation:
To calculate the number of years it will take an investment of $3500 to grow to $5900 at an annual interest rate of 12%, we will use the formula for the future value of cash flows. The formula can be written as follows,
Future value = Present value * (1+i)^t
Where,
- i is the interest rate
- t is the time in years
Plugging in the values for future value, present value and i, we can calculate the t to be,
5900 = 3500 * (1+0.12)^t
5900 / 3500 = (1.12)^t
1.685714286 = 1.12^t
Taking log on both sides.
Ln(1.685714286) / Ln(1.12) = t
t = 4.607742347 years rounded off to 4.61 years
Answer:
$6,480,000
Explanation:
The computation of the amount of the current liabilities is shown below:
Total assets of $11,200,000
Less: Noncurrent assets $1,480,000
Current Assets = $9,720,000
Now as we know that
Current ratio = Current Assets ÷ Current Liabilities
Current Liabilites is
= $9,720,000 ÷ 1.5
= $6,480,000
hence, the current liabilities is $6,480,000
Answer:
The correct answer is D
Explanation:
Civil procedure is the body of law which sets or lay down the standards and the rules that the court follow when adjudicating or examine the civil lawsuits.
The rules are govern on how a case or a lawsuit is commenced, kind of pleadings, orders allowed in civil cases. So, it best stated with the process issued in the civil lawsuit.
Answer:
People or team oriented
Explanation:
The best organization culture is there when there is no comparison between the people who are working at different departments, different levels, etc
The rules, procedures, policies are all not for any single person
Here if the high level managers involves the others in decision making process and seek their opinions for the betterment of an organization that this represents the team oriented as the whole organization is working as a team so the same is to be considered
Answer:
The Amount of pension expense is $195,000
Explanation:
The computation of the amount of pension expenses reported is shown below:
Service cost $150,000
Interest on projected benefit obligation 63,000
Amortization of prior service $54,000
Less: Expected return on plan assets -$72,000
The Amount of pension expense is $195,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
