Answer:
23.275 years
Explanation:
Given:
Present value or the amount invested = $ 300,000
Rate = 6% compounded quarterly
i.e the rate of return quarterly will be = 6% / 4 = 1.5%
Quarterly payment = $ 6,000
Annuity = $ 0
Now,
Present value of annuity = Part payment × (
)
where,
n is the number of quarters
on substituting the values in the formula, we get
$ 300,000 = $ 6000 × (
)
or
50 × 0.015 = (
)
or
= 1 - 0.75
or
4 = 
taking log both the sides
we get
log 4 = n × log 1.015
or
0.602 = n × 0.0064
or
n = 93.101 quarters
or
n = 93.101 / 4 = 23.275 years
To calculate sales tax you must:
1. Know the sales tax rate
2. Use the sales tax formula which is
Sales Tax = Total Sales X Sales Tax Rate
Example:
You have a business and you must collect a sales tax at a rate of 8.00%. Your customer bill before adding tax is $399.
Sales tax = $399 times 0.08
Sales tax would be $31.92.
$399 + $31.92 = $430.92 would be the total including sales tax.
Answer and Explanation:
The journal entry is as follows;
Supplies expense Dr ($2,130 - $1,253) $877
To Supplies $877
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expenses while on the other hand the supplies is credited as it decreased the assets. Also both the accounts contains normal debit balance
The opportunity cost of the third bicycle is 20 tents.
What is opportunity cost?
The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. Simply put, it means that if you choose one activity, you forfeit the chance to do another.
Therefore,
The opportunity cost of the third bicycle is 20 tents.
To learn more about opportunity cost from the given link:
brainly.com/question/3611557
When a sales job is being filled by an untrained individual, the job specifications list will most likely include __<u>E) personality traits</u>___ as a way to predict which candidate will perform the job well.
<h3>What are personality traits?</h3>
Personality traits are some characteristics or qualities associated with individuals. Some of the personality traits include extroversion, agreeableness, openness, conscientiousness, adaptability, and neuroticism.
<h3>Answer Options:</h3>
A) age and gender
B) length of previous service
C) past job performance
D) relevant certification
E) personality traits
Thus, since the individuals involved are not trained, the most important factor to consider is not age, gender, previous service, past job performance, or relevant certification, but <u>E) personality traits.</u>
Learn more about personality traits here: brainly.com/question/10082381
