The answer is true. Temporary accounts are transient accounts that open with no balance at the beginning of each accounting period and close at the conclusion in order to preserve a record of accounting activity during that period.
They consist of the spending accounts, income statements, and income summary accounts. Permanent accounts include cash accounts such as accounts receivable and accounts payable. The terms asset, liability, equity, inventory, balance investments, etc. are other examples of permanent accounts. An account that shuts at the conclusion of each accounting period and has no balance when a new period starts is referred to as a transitory account.
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Deposit (PV): $10,000
Years between the 18th month and the fifth year (n) = 3.5
(I)=7% yearly interest rate
Simple interest approach accumulated value equals P*(1+(i*n)).
=1000*(1+(7%*3.5))
=1245
Thus, the total value at the end of five years will be $1245.
Compound interest method accumulated value equals P*(1+i)n
=1000*(1+7%)^3.5
=1267.19
Therefore, the total value after five years will be $1267.19.
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A filmmaker will seek a sound production mixer who has the qualities and qualifications that is responsible for ensuring that dialogue recorded during filming is suitably clear, tries to avoid unwanted noises and works around the camera which might hamper the placement of microphones. A production sound mixer who has his or her own equipment as this choice can save the filmmaker a considerable amount of money in sound equipment rental, and the mixer is likely to be skilled in using his or her own equipment.
He saves Rs. 67.5 (take 450 times .85- since its a % and then subtract that from 450)
Answer:
C encourage employee participation while setting goals.
Explanation:
Goals are ideas in which an individual or group of people or organization aim to achieve within a stipulated time.
While top managements of organizations are saddled with the responsibility of setting goals and cascaded to lower managers and subsequently junior employees, it is now essential that employees are encouraged to participate in these goal settings.
By involving employees in goal settings, there would be increase in goals commitment thereby leading to dedication amongst employees and subsequently results to attainment of such goals.
