Answer: a) $1,000 + $1,000 x .08 x 3 = $1,240
Explanation:
Monthly retirement Benefit at age 67 = $1000
Incremental rate on benefit beyond age 67 = 8%
Incremental rate on benefit beyond age 70 = 0
Period = 70 - 67 = 3years
Estimated monthly benefit at age 72;
Monthly benefit at age 67 + (monthly benefit at age 67) × incremental rate × increment period × 12
$1000 + ($1000 × 0.08 × 3 )
$1000 + $240.00
=$1240
Similarly,
This means monthly rate = 8% / 12 = 0.0066667
Total period = 12 × 3 = 36 months
Total = Principal + (principal × rate × time)
1000 + (1000 × 0.0066667 × 36)
1000 + 240.0012
1,240.0012 = 1240
Answer:
Dr. Cash $4,200
Cr. Interest Income $84
Cr. Note Receivable $4,116
Explanation:
Food Suppliers
Interest on the Note = $4,200 x 8% x 90 / 360 = $84
Amount to be recorded = $4,200 - $84 = $4,116
At the Time of Issuance the Journal Entry was
Dr. Note receivable $4,116
Cr. Sales $4,116
So, the Payment of $4,200 will be made.
The Interest Income will be $84
Now the Note Receivable account will be adjusted by receiving cash and recording interest income.
Occurred on September 29, 2008
hit pre-recession high on October 9, 2007
more info in link:
https://www.thebalance.com/stock-market-crash-of-2008-3305535
Answer:
Jury of Executive Opinion
Explanation:
Jury of Executive Opinion method of sales forecasting employs the views of to management in various section. They are are experienced and have good knowledge of the market factors and are able to predict the expected sales. They are able to forecast sales figures through estimates and previous experiences. All internal and external factors are taken into account. Their judgements are pooled together and averaged in drawing the sales forecast of Kryptos Inc.
Answer:
The correct word for the blank space is: all-you-can-afford, percent of sales.
Explanation:
The all-you-can-afford budgeting technique implies having a company investing in everything the firm can pay for. It is normally used for start-ups with limited funds so they use it as much as they can to keep the business going. As the sales increase, the investments in different departments are increased as well such as production, logistics, or marketing so the company moves according to the demand of the product.
The percent of sales budgeting relies -as it names says- on the number of sales a company is capable of processing. All the organizations' expenditures and advertising will have a directly proportional relationship with the percentage of sales of the organization.