Answer:
Given that,
At the end of the current year,
$17,555 of fees have been earned but have not been billed to clients.
The Journal entry is as follows:
Account receivable A/c Dr. $17,555
To Fees earned A/c $17,555
(To record the accrued fees)
The above is the adjusting entry for the accrued fees that has not been billed to clients.
Answer:
Explanatio$312,752
Explanation:
Weekly interest rate = [(0.06/365 + 1)^7] -1 * 100
Weekly interest rate = 1.0011525255 - 1 * 100
Weekly interest rate = 0.0011525255 * 100
Weekly interest rate = 0.1152%
No. of periods =52 weeks * 25 years = 1300
N = 1300; I/Y = 0.1152; PV = -2500; PMT = -100
Amount accumulated at the end = FV(1300, 0.1152, -2500, -100)
Amount accumulated at the end = $312,752 approximately
n:
$5000 is the GDP
Explanation:
GDP calculates the value of final goods and services produced in a given year. The value of goods and services produced is included in GDP measurement and not the value of goods and services sold.
GDP is the largest quantitative measure in the overall economic output of any country.In fact, GDP measures the monetary value of all goods and services produced over a given period within a country's geographical boundaries.
The GDP per capita ratio to the entire region's population is the average standard of living.
Answer:
You should buy the car.
Explanation:
Note: See the attached excel file for the worksheet that shows calculations of the present values of the Lease and Buy Options.
In the attached excel file, we have:
Net present value of Lease Option = $3,654.01
Total present value of Buy Option = $4,135.47
Difference = Total present value of Buy Option - Present value of Lease Option = $481.46
The Difference above shows that the total present value of Buy Option is greater than the net present value of Lease Option by $481.46.
Since the total present value of Buy Option of $4,135.47 is greater than the net present value of Lease Option of $3,654.01, you should buy the car.
