Answer:
10.29%
Explanation:
Rule of 72 can be defined as a metric used to determine the time it will take to double an investment based on its growth rate.
To find the interest rate Kari must receive for her investment to double in 7 years, we would use the Rule of 72;
Rule of 72 = 72/7
Rule of 72 = 10.29%
Therefore, Kari must receive an interest rate of 10.29% for her investment to double in 7 years.
Answer: (C) Controlling
Explanation:
The controlling is one of the type of management function that helps in managing the various types of organizational function and also it helps in achieve the desirable goals.
It basically take various types of corrective actions for effectively managing the resources and also helps in improving the performance of the company.
According to the given question, the controlling is one of the management function that efficiently illustrating the given scenario.
In the vermilion inc, the top management of the company realized that at the time of construction of the plant shows some technical defects and the technical specialists of an organization try to resolve the given issue.
Therefore, The given process is known as the controlling management function.
Answer: Invention
Explanation: An invention is the creative ability of an individual to make something that has not been made before.
It is also a process of creating an item, service or something that has not been seen or used before.
The Engineer at 3M made a new product concept called Post-It notes by applying adhesive glue to small pieces of paper is a new invention.
Answer:
petty cash fund 242 debit
cash 242 credit
--to establish a petty fund--
freigth-out 53.40 debit
entertainment expense 15.00 debit
postage expense 12.70 debit
miscellaneous expense 112.50 debit
cash shortage loss 2.40 debit
cash 196 credit
--to replenish the fund on August 15th--
petty cash fund 200 debit
cash 200 credit
--to increase petty fund by 200 dollars--
freigth-out 25.40 debit
entertainment expense 153.60 debit
postage expense 124.00 debit
cash shortage loss 1.00 debit
cash 304 credit
--to replenish the fund on August 31th--
Explanation:
when replenish we don't use the petty fund account we adjust directly against cash leaveing the petty fund balance untouched. We only adjusted for increases or decreases in the total amount available at the petty cash fund.
Answer:
total amount deposit at end of every 6 month is $445.37
Explanation:
Future value required= 4000
Total 6 months Period in 4 years (n) = 4*2 = 8
Interest rate 6.56% or 0.656 compounded Semiannual
semiannual interest rate (r) =0.0656/2= 0.0328
Future value of annuity formula = P *{ (1+r)^n - 1 } / r
4000 = P*(((1+0.0328)^8)-1)/0.0328
4000= P* 8.98
P = $ 445.37
total amount deposit at end of every 6 month is $445.37
