Answer:
Total amount at the end of 4 years = $135.16
Explanation:
A simple interest account pays interest on only the sum deposited at an annual rate for a specified period of time without compounding or adding the interest earned in a particular period in the calculation of interest earning for the next period. Thus, if 1000 is invested and interest s earned at 10% then the interest earned will remain constant for every period the money is still deposited in the account.
The formula to calculate interest under simple interest method is,
Interest = Principal * Annual Rate * Time in years
Total Interest earned = 109 * 6% * 4
Total interest earned = 26.16
Total amount at the end of 4 years = Principal + Interest
Total amount at the end of 4 years = 109 + 26.16
Total amount at the end of 4 years = $135.16
I’m I’m in sixth grade I haven’t learned how to do this yet I’m srry if this was not a good answer
Answer:
D) Credit paid in capital in excess of par on common, $400
Explanation:
The summary journal entry should be:
Dr Cash 1,200
Cr Common stock 800
Cr Additional paid-in capital in excess of par value 400
the subscriber paid $1,200 / $15 per stock = 80 stocks
par value = $10 per stock x 80 stocks = $800
additional paid-in capital = $5 per stock x 80 stocks = $400
Answer:
Specialization is a method of production whereby an entity focuses on the production of a limited scope of goods to gain a greater degree of efficiency. Many countries, for example, specialize in producing the goods and services that are native to their part of the world, and they trade them for other goods and services.
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To negotiate a balance in costs between the tax on imported goods and the cost to the company for production.
