Answer:
A. $54
B. 55.62
C. $70.46
Explanation:
The formula for calculating compound interest is
FV = P (1 + r ) ^n
FV = Future value
P = Present value
R = interest rate
N = number of years
A. $1,800 (1.03) = $1854
Interest rate = $1854 -$1,800 = $54
B. $1,800 (1.03)^2 = $1,909.62
Interest rate = $1,909.62 - $1854 = $55.62
C. $1,800 (1.03)^10 = $2,419.05
To service the interest rate, we have to determine the future value in year 9
$1,800 (1.03)^9 = $2,348.59
Interest rate = $2,419.05 - $2,348.59 = $70.46
I hope my answer helps you
Answer:
May 24
Dr Retained earnings $1,500
Cr Cash $1,500
Being cash dividend paid to shareholders.
October 11
Dr Advertising Expense $1,000
Cr Cash $1,000
Being cash payment for monthly advertising expenses.
Explanation:
Rules:
Debit side:
Increase in asset
Increase in expense
Decrease in liability
Decrease in equity
Decrease in income or sales
Credit side:
Decrease in asset
Decrease in expense
Increase in liability
Increase in equity
Increase in income or sales
May 24
Dr Retained earnings $1,500
Cr Cash $1,500
Being cash dividend paid to shareholders.
October 11
Dr Advertising Expense $1,000
Cr Cash $1,000
Being cash payment for monthly advertising expenses.
Answer:
B. equity financing
Explanation:
Equity financing involves giving up part of the company because it will have to be shared with the partners of the organization who are usually the investors.
Answer:
d.92 units.
Explanation:
Completed untis +
complete portion of ending WIP less
complete portion of beginning WIP
Completed and trasnferred 100
ending work in process_ 10 units x 40% = 4 units
beginning inventory 20 units x 60% complete (12) units
Equivalent Units for conversion 92
Answer:
C. the skills and knowledge that enable a worker to be productive.
Explanation:
'Human Capital' is the stock of knowledge & skills embodied in people, enabling them to perform labour of economic value. It is considered as 'capital' because skills & knowledge development to become more productive yields better income & standard of living.
Human Capital formation i.e knowledge, skills & productivity enhancement has two crucial components : Education and Health.
Options A, B, D are inapt because : Human Capital is not 'physical capital', 'financial wealth', 'machinery' ; but is rather immaterial knowledge & skill set in people.