Answer:
$280
Step-by-step explanation:
As per given question we have provided that :
Principal = 1400- Rate = 4%
- Time = 5 years
Here's the required formula to find the Simple Interest :
- S.I = Simple Interest
- P = Principal
- R = Rate
- T = Time
Substituting all the given values in the formula to find the Simple Interest :
Hence, the simple interest is $280.
Cost of machine = $1,000
=
= $1,492.11
)=
= $75.13
Total NPV = -1000+1492.11+75.13 = $567.24 ≈ $567
Answer:
D. None of the above are true.
Explanation:
As while recording depreciation, the total assets is decreased and the stockholder equity is also decreased as depreciation is a contra asset account
In the side of stockholder equity, the net income, the retained earning and the stockholder equity is decreased
whereas, the total asset is decreased as the amount of asset is reduced by deducting the accumulated depreciation amount
The journal entry is shown below for better understanding
Depreciation Expense A/c XXXXX
To Accumulated Depreciation XXXXX
(Being depreciation expense is recorded)
The correct answer is <span>a.Because an older person has less time to make up for bad investments
Young people have their entire life to fix their bad investments and can invest into new things that are up and coming and developing. Older people don't have time for that and have to approach investments differently.</span>
Answer:
Hotel Co. should record the gross transaction fee and not only the net amount it receives from Expedia.
Explanation:
The revenue that Hotel Co. should account for in its books includes the gross transaction fee, while the collection expense that is withheld by Expedia is recorded as an expense or cost. This method ensures that the revenue due to the Hotel Co. is actually accounted for while the collection expense by Expedia is also separately accounted for. This will enable comparison with another hotel that does not use Expedia for its collection, for example.
