No...no..I am not a topper...I am just a class nine student..Are you an Indian? Please comment..
I am just an average student.
I will have my class 9 board exam in November/December, which will be MCQ type.
And my aim is not to get full marks but to do good in my exams
Answer: Ponzi Scheme.
Explanation:
The Organisation described in the question is making use of Ponzi Scheme for their clients. A Ponzi scheme is a fraudulent form of business where initial investors are paid by later investors. The scheme promises abnormally high returns from investments within a short period, with some investors ending up losing their investments.
Answer:
The answer follows below;
Explanation:
Sales=$1,000,000
Allowance for Doubtful Accounts=$1,000,000*1%=$10,000
Bad Debt Expense Dr.$10,000
Allowance for Bad Debts Accounts= Cr.$10,000
In sales % method, we record only % of sales as uncollectible.
The International Organization for Standardization (ISO) is an international standard-setting body composed of representatives from various national standards organizations.
Founded on 23 February 1947, the organization promotes worldwide proprietary, industrial and commercial standards. It is headquartered in Geneva, Switzerland, and as of 2015 works in 163 countries.
It was one of the first organizations granted general consultative status with the United Nations Economic and Social Council.
Answer:
The amount that should be invested to total $45,000 in 8 years is $18,995.
Explanation:
According to the situation, you have to calculate the amount that you have to invest in the present to get $45,000 in eight years. You can find it using the formula:
P= F/(1+(i/n))^nt
P= present value
F= future value: $45,000
i= interest: 11%
n= number of times compounded per year: 3
t= time in years
P= $45,000/(1+(0.11/3))^(8*3)
P= $45,000/(1+0.0366)^24
P= $45,000/2.369
P= $18,995
