Sheridan Company shows the following balances in selected accounts of its adjusted trial balance.

Tim works at a law firm where he is expected to bring in a large number of cases each week. he has been working at this job for

vekshin1

If Tim were taking any other drug, it would most likely be amphetamines. Amphetamines are nervous system stimulants, thus it is helpful for those that are hyperactive.

3 0

3 years ago

On January 1, an investment account is worth 50,000. On May 1, the value has increased to 52,000 and 8,000 of new principal is d

Evgesh-ka [11]

The question is incomplete. The complete question is :

On January 1, an investment account is worth 50,000. On May 1, the value has increased to 52,000 and 8,000 of new principal is deposited. At time t, in years, (4/12 < t < 1) the value of the fund has increased to 62,000 and 10,000 is withdrawn. On January 1 of the next year, the investment account is worth 55,000. The approximate dollar-weighted rate of return (using the simple interest approximation) is equal to the time-weighted rate of return for the year. Calculate t.

Solution :

It is given that :

Worth of investment account on 1st Jan = 50,000

Worth of investment account on 1st Jan next year = 55,000

New principal deposited = 8000

Therefore the interest earned = 55,000 - 50,000 - 8,000 + 10,000

= 7,000

Therefore,

$\frac{7000}{\frac{50000+16000}{3-10000(1-t)}}= \frac{52}{50} \frac{62}{60} \frac{55}{52} - 1$

= 0.13667

7000 = 0.13667(55,333.33 - 10000 + 10000t)

$t=\frac{7000-0.13667(45333.33)}{1366.7}$

= 0.5885

Thus, time - weighted rate of the return = 0.5885

4 0

3 years ago

Kriyoto inc. is a manufacturer of printers, scanners, and other office equipment. it announced a cash refund for corporate purch

zloy xaker [14]

Rick has received a rebate. A rebate is a sum paid by a method for diminishment, return, or discount on what has just been paid or contributed. It is a sort of offers advancement that advertisers utilize basically as motivating forces or supplements to item deals. There is confusion on discount and rebate, the rebate is a backend discount while the discount is the upfront meaning you the customer is discounted by the time he/she bought the item.

8 0

3 years ago

Flow of Accounts into Financial Statements The balances for the accounts that follow appear in the Adjusted Trial Balance column

Luden [163]

Answer:

1. Accounts Payable will flow to the balance sheet because it is a liability account.

2. Accounts Receivable will flow to the balance sheet because it is an asset account.

3. Cash will flow in the balance sheet as it is an asset for the company.

4. Eddy Rosewood, Drawing will flow into Statement of owner's equity

5. Fees Earned will flow in the Income Statement

6. Supplies belong in the income statement as it is an expense account.

7. Unearned rent will flow in the balance sheet as it is a liability account.

8. Utility Expense will flow in the balance sheet as it is an expense account.

9. Wages Expense will flow in the income statement as it is an expense account.

10. Wages payable will flow in the balance sheet as it is a liability account.

8 0

4 years ago

Why might a business be willing to pay a worker more than minimum wage?

Sonja [21]

Answer:

I believe the answer is, "The worker is more productive than others."

6 0

1 year ago