Given that: F (Future worth) = $2,500, i (nominal interest rate)
= 0.12, compounded monthly = 12 months, years of investment = 1 year, and no.
of employees = 20. Compute using the annuity formula: A=Fi/(((1+i)^n)-1).
Calculating i = 0.12/12 = 0.01, since it is compounded monthly. Calculating n
(total number of compounding) = 1 x 12 = 12, since year of investment is equal
to 1. Substituting F=2500, i=0.01 and n=12 to the annuity formula, you will get
A=$197.12. Multiply by 20, you will get $3,942.44.
Answer:
The correct answer is letter "B": perform an activity at a lower opportunity cost.
Explanation:
Comparative advantage is the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitor. Having a comparative advantage does not mean that one entity is absolutely better than another at producing a good or service. It means that it sacrifices less to do so.
Answer:
DR Cash $589
DR Credit Card expense $31
CR Sales $620
<em>(To record sales via credit card)</em>
<u>Working</u>
Cash
= 620 * ( 1 - 5%)
= $589
Credit Card Expense
= 620 * 5%
= $31
<span>b. debit interest receivable for $500 and credit interest revenue for $500
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