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natima [27]
3 years ago
8

Which of the following best describes the amount of money you'll have if you put $1,000 into a savings account earning 1% annual

compound interest for 10 years?
A. The same $1000 you start with.
B Exactly $1100.
C. Slightly more than $1100.
D. $2000
Business
1 answer:
Luden [163]3 years ago
7 0
I'd choose C. slighltly more than $1100
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Windsor Windows manufactures and sells custom storm windows for enclosed porches. Windsor also provides installation service for
Alina [70]

Answer:

June 1, 2021

No entry – neither party has performed under the contract.

August 1,2021

Dr.  Cash                                        $4,000

Dr.  Accounts Receivable            $700

Cr.  Unearned Service Revenue  $1,085

Cr.  Sales revenue                        $3,615

Dr.  Cost of goods Sold                $2,300

Cr.  Inventory                                 $2,300

Explanation:

As no one performed under the contract on June 1, 2021, so there will be no entry on this day.

On August 1, 2021, Windsor has 2 performance obligations

First: Delivery of the windows

&

Second: Installation of the windows

Fair value of Windows = $4,000

Fair value of Installation services = $1,200

Fair Value of Contract  = $4,000 + $1,200 = $5,200

Allocation of to revenue is based on the ratio of fair value of each performance to the total fair value of contract, As below

Windows  = ($4,000 / $5,200) X $4,700 = $3,615 (round to nearest dollar)

Installation services = ($1,200/$5,200) X $4,700 = $1,085 (round to nearest dollar)

Total Revenue recognized = $4,700

8 0
3 years ago
A lease for a period of more than one year must be in writing to comply with the __________ . (a) leasehold estate (b) statute o
Yakvenalex [24]

(b) Statue of frauds

<span>Statue of frauds is generally the requirement of particular contracts to be in writing and signed by all parties involved in an agreement. In the context of real estate, the statue of frauds protects tenants from unfair eviction or tenancy termination. Similarly, it protects property buyers from sellers’ “change of mind” or refusal to sell the property on the grounds that the seller obtained a higher offer price from another interested buyer. However, there are exemptions to the statue of frauds which vary from state to state. </span>

7 0
3 years ago
What is the best way for a plaintiff to establish legal liability for a CPA: Question 47 options: Prove the CPA made an untrue s
kramer

Answer:

If a CPA does an audit irresponsibly, the CPA will be held liable to third parties who were recognized and not foreseeable to the CPA for gross negligence.

It needs to be specified if the third party had been “anticipatable,” liability; it may be recognized for ordinary negligence within a Rosenblum v. Adler decision.

Explanation:

3 0
2 years ago
If you watch TV for two hours, you dont spend any money. Does this mean that you do not have an opportunity cost for watching TV
k0ka [10]

Answer:

No, Watching TV has an opportunity cost

Explanation:

Opportunity costs represent the forfeited benefits for preferring a certain option over others. It is the foregone benefits from the next best alternative.

Watching TV for two hours has an opportunity cost. By watching TV, a person has sacrificed doing other things. The two hours could have been used in other ways like working, studying, swimming, or playing. By watching TV, the person missed benefits from the other activities. The other activity that would have resulted in more benefits other than watching TV is the opportunity cost.

8 0
3 years ago
2 question 50 points PLUS Brainliest!
Kay [80]
  1. <em><u>Option </u></em><em><u>b </u></em>
  • <em>cuz </em><em>she's</em><em> </em><em>going </em><em>to </em><em>inform</em><em> </em><em>the </em><em>public</em><em> </em><em>about</em><em> </em><em>this </em><em>so<u> </u></em> <em>she needs to be a great public speaking </em>

2. <em><u>True</u></em>

7 0
3 years ago
Read 2 more answers
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