Answer:
correct, you could be accused of plagerism
Additional Interest earned in 45 years is $30185.14
<u>Explanation:</u>
Given-
Principal, P = $4500
Rate, r = 7.2%
Time, = 40 years
= 45 years
Interest = ?
We know,
To calculate the interest,
Interest after 45 years:
Interest-
Additional Interest earned in 45 years = $98296.39 - $68111.25
= $30185.14
Therefore, additional Interest earned in 45 years is $30185.14
Answer:
Colorado Corp.
The retroactive adjustment to the accumulated depreciation account on January 1, Year 9, as a result of the change in depreciation method is:
= $0.
Explanation:
a) Data and Calculations:
Accumulated depreciation at December 31, Year 8 based on double declining balance method = $525,000
Accumulated depreciation at December 31, Year 8 based on straight-line method = $300,000
The required adjustment to the accumulated depreciation account = $0 ($525,000 - $525,000)
b) The accumulated depreciation account does not require a retrospective adjustment. It will remain at $525,000 while the company continues to apply the straight-line method going forward. The change is called a change in accounting estimate and not a change in accounting principle that requires retrospective application and adjustment to the previous years' accounts.
I would suggest Alex look into mutual funds. From there, a financial planner can help him decide how much or how little he would like to invest in retail stocks. The stocks and bonds will be based on the risk and amount of money Alex is willing to put in or lose in the event that happens.
Intermediaries often provide valuable benefits: They make it easier for buyers to find what they need, they help set standards, and they enable comparison shopping—efficiency improvements that keep markets working smoothly. But they can also capture a disproportionate share of the value a company creates.