Answer:
$5,120
Explanation:
Workers are paid $12,800 per week (five days), since December 31 fell on a Tuesday, accrued wages payable will be equal to the wages proportional to two days:
= ($12,800 per week / 5 days per week) x 2 days = $2,560 per days x 2 days = $5,120
The appropriate journal entry should be:
December 31st, wages payable:
Dr Wages expense 5,120
Cr Accrued wages payable 5,120
Answer:
$855,903.20
Explanation:
Real discounting rate=> i= [i'-f]/[1+f]. Where i is the real interest rate. i' is the nominal interest rate which is given as 5% and f is the rate of inflation
i = (5%-3%)/1+3%)
i = 2/1.3
i = 1.94%
Her after tax earnings = 45,000*(1-0.15) = $38,250
Personal consumption = 25% of this, 38,250*0.75 = $28,688.
We are discounting her earnings back 45 years at 1.94%. The equation will be: 28,688 * {1-(1+0.01940)^-45} / {0.01940}
= 28,688 * {1 - 0.42120322099] / 0.01940
= 28,688 * 29.83488551597938
= 855903.1956824165
= $855,903.20
So, the amount of life insurance necessary for Jenny using the Human Life Value method is $855,903.20
Options:
A. Debit card
B. Loyalty card
C. Fleet card
D. Credit card
Answer: D. Credit card
Explanation: A credit card is an electronic payment system which uses cards that are linked to a bank account, this card allows you to make purchases online in order to pay later.
A credit card allows its holders to borrow money from financial institutions with the aim of not exceeding the Financial limits. Financial limits are determined by the issuers of the card based on a person's credit history and amount of minimum savings which are expected.
A business will employ seed capital to fund a specific project or activity. It is the capital raised to start working on a new product or business idea.
<h3>What kind of capital is invested in a business?</h3>
The money a company has on hand to cover both its ongoing expenses and potential future expansion is known as capital. Working capital, debt, equity, and trade capital are the four main types of financial resources.
<h3>What kind of business venture capital is that?</h3>
Venture Capital (VC) is a term used to describe funding given by investors to start-up or small businesses that have a high potential for growth. A venture capital fund is a type of private equity funded by institutional and private investors, including investment banks, insurance providers, and pension funds.
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