Answer:
Explanation:
The journal entry is shown below:
On June 1
Cash A/c Dr $99,000
To Notes payable A/c $99,000
(Being the amount borrowed is recorded)
For recording this transaction, we debited the cash account and credited the notes payable account so that the correct posting can be done
All other information which is given is not relevant. Hence, ignored it
Answer:
d. All of these
Explanation:
Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.
Answer:
The lease payment will be for $ 113,751.173 during 5 years beginning at the moment the lease is signed
Explanation:
First, we discount the payment at the end of the lease
Maturity $150,000
time 5 years
rate 0.06
PV 112,088.7259
Now we subtract form the 620,000 to know the amount to be perceived form the lease payment:
620,000 - 112,089 = 507.911
Now we solve the PMT which makes the annuity-due of 5 payment at the beginning of the period:
PV $507,911.0000
time 5
rate 0.06
[tex ]507,911 \div \frac{1-(1+0.06)^{-5} }{0.06}(+0.06) = C\\[/tex]
C $ 113,751.173
Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter required: Calculate the estimated cost of workers' compensation insurance for the year.
Answer:
$504 per year
$126 per quarter
Explanation:
workers' compensation insurance = payroll x insurance rate.
$84,000 x 0.6%
$84,000 x 0.006 = $504 per year
$504 ÷ 4 = $126 per quarter
The three primary elements are INSTRUMENTALITY, VALENCE AND EXPECTANCY.
The expectancy theory of motivation states that, an individual is will behave in a certain manner as a result of the way in which he has been conditioned to select a specific behavior over other forms of behavior. This implies that workers are usually motivated by the reward they get for the work they performed.<span />
