Based on the amount that Jim deposited and the interest paid per year on the account, withdrawing in two equal amounts would require an amount of <u>$530 per year. </u>
<h3>How much should Jim withdraw per year?</h3><h3 />
Assuming the amount that can be withdrawn is x, the relevant formula would be:
(1,040 - x) x 104 = 100x
Solving for x gives:
108,160 - 104x = 100x
108,160 = 100x + 104x
108,160 = 204x
x = 108,160 / 204
= $530
Find out more on future value at brainly.com/question/16180669.
Answer:
Correct option is D.
Explanation:
An accurate recommendation of the Act is that <u>there should be discussion and well understood ways that the partners will handle disagreements.</u>
Answer:
b) No, the correct entry would be a debit to Maintenance and Repairs Expense and a credit to Cash.
Explanation:
Any expense will be capitalized when it increases the capacity and efficiency of the asset. A routine repair cost is incurred in order to keep the asset operational to generate income for the business.
To record the repair cost we need to debit the Maintenance and Repairs Expense and crediting cash ( assumed cash payment is made for the repairs ). We should not capitalize this cost by debiting the asset cost account.
I believe it is C, wholesale price.
The statement is "false".
The Employee Retirement Income Security Act secures the
retirement resources of Americans by executing rules that qualified plans must
take after to guarantee design trustees don't abuse plan resources. Under
ERISA, plans must provide members with data about arrangement highlights and
financing, and outfit data routinely and for nothing out of pocket.
ERISA additionally sets least benchmarks for interest,
vesting, advantage collection and subsidizing. The law characterizes to what
extent a man might be required to work before getting to be plainly qualified
to take an interest in an arrangement, to collect advantages and to have a non-forfeitable
appropriate to those advantages. It additionally sets up point by point
subsidizing decides that require design patrons to give sufficient financing to
the arrangement.
