Answer:
$12500
Explanation:
Since the beginning balance of accumulated depreciation - equipment is $10 000
And an adjusting journal entry during the year was $2500
You must add the adjusting journal entry to the begging balance to get the closing balance of Accumulated Depreciation - equipment:
10000+2500=$12500
The correct option is C). banks do not influence the supply of money.
<h3>What is 100-percent-reserve banking?</h3>
100-percent-reserve banking, is a system of banking, in which banks only lend from time deposits instead of lending demand deposits.
In a system with 100 percent reserve banking, banks cannot make the loans and do not influence the supply of the money.
This system is also known as full-reserve banking.
Learn more about the 100-percent-reserve banking here:-
brainly.com/question/7295577
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The articles of confederation were written in March 1, 1781
Answer: $50,846.3701
Explanation:
Need to save $4 million to live comfortably,
Interest rate, r = 3%
N = 40 years
= 1,226,241.57
![1,226,241.57=C[\frac{1}{0.03}\times(1-0.3065)+1]](https://tex.z-dn.net/?f=1%2C226%2C241.57%3DC%5B%5Cfrac%7B1%7D%7B0.03%7D%5Ctimes%281-0.3065%29%2B1%5D)
= $50,846.3701
Hence, $50,846.3701 will be the annual payment to have $4 million in the account on 65th birthday.
