Answer:
The dollar amount 6 years from now of $400 invested at 8% annual interest is $634.75.
Explanation:
Note: See the attached excel file for the designed spreadsheet showing the computation of the ending balance or the dollar amount in each of the next 10 years.
In the attached excel file, we have:
Amount invested = Beginning balance in Year 1 = $400
Interest amount in each Year = Beginning balance in each Year * Constant annual interest rate of 8%
Beginning balance in each Year = Last Year's ending balance
Ending balance in each Year = Beginning balance in each Year + Interest amount in each Year
From the attached excel, the Ending balance in Year 6 of $634.75 (in bold red color) is the the dollar amount 6 years from now of $400 invested at 8% annual interest.
Therefore, the dollar amount 6 years from now of $400 invested at 8% annual interest is $634.75.
Answer:
Vodka, gin, baijiu, shōchū, soju, tequila, rum, whisky, brandy and singani are examples of distilled drinks. Beer, wine, cider, sake and huangjiu are examples of fermented drinks.
Explanation:
Answer:
A. A debit of $7,600 to Office Equipment, a credit of $4,200 to Cash, and a credit of $3,400 to Accounts Payable.
Explanation:
Recognize the Asset - Office Equipment and Accounts Payable Accounts as these are increasing. De-recognize the Cash Account as this account is decreasing.
The answer is Deming management.
Deming management is a type of management that focuses on building and maintaining organizational structures that produce high-quality results.
It involves putting management scholar W. Edwards Deming's principles into practice.
Deming defined management as the establishment and ongoing development of organizational systems.
Customers of the company's goods or services will receive a raise in value as a result of the deployment of such a creative and improved management system. In today's globally competitive environment, which is characterized by quickly evolving technology and customers' aspirations for greater standards of values, continuous improvement is crucial to the management system.
Continuous improvement is the process of constantly refining and enhancing organizational processes, services, and products to produce better value for customers.
Hence, According to Deming management, managers should fix an organization's problems by improving its structure, culture, and work rules while treating employees well.
Learn more about management:
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Many people think it is better to rent a home rather than buying it because renting may offer flexibility and better lifestyle. People are less responsive for taxes and insurance.
<u>Explanation</u>:
Home is a place of living where one can learn, live, laugh and enjoy his life. It is necessary for every individual to choose the right place of living. Home is one of the basic necessities of human life. People can rent or buy a house according to their wish.
But many people prefer to rent the house. Renting offers many benefits to the tenants. The place of living can be changed near to their workplace, so that they can avoid traveling long distance and save travelling expense. The person need not stick to the property for long-term. They need not spend on repair charges.
The person need not invest huge amount for living in the house. The person can save some amount from paying taxes and insurance.
