Answer:
The future value is $6,894.21
Explanation:
Giving the following information:
Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= 5,000
i= 0.055
n=6
FV= 5,000*(1.055)^6= $6,894.21
Answer:
The correct answer is b. equality is increased and efficiency is decreased.
Explanation:
Progressive taxes are considered those in which the economic capacity of the person or the company is taken into account, that is: the higher the economic capacity the value to be paid for the tax increases. The objective of this type of taxes is that the payments made by people or companies are made proportionally to their income. Direct taxes are usually progressive.
An example of a progressive tax is the income tax, in the case of natural persons the value to be paid for this concept depends on the taxable liquid income.
The accounts payable account is a/an option C: <u>liability; credit, </u>and it has a normal.
<h3>
What do you mean by Account payable?</h3>
A account payable is refers to as the monet owned by a company to its supplies and its represent in the firm's balance sheet.
The main role of account payable os to provide financial, administrative and clerical support to the firm. Their main role include complete the whole payment and control expenses.
Moreover, it is considered as the liability for each business because the company have to pay back its all due on particular period of time and it is credit in nature.
Hence, rest all options like A, B and D are incorrect because it does not considered under the account payable account.
Therefore, correct option is C.
Learn more about Account payable, refer to the link:
brainly.com/question/14438810
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