3 years ago

Which of the following statements best describes a chart of accounts?

1 answer:

8 0

The right answer for the question that is being asked and shown above is that: "d. It s a list of account titles in the order in which they can be found in the ledger." The statement that best describes a chart of accounts is that d. It s a list of account titles in the order in which they can be found in the ledger.<span>
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_____ give the project managers an opportunity to seek input and conduct brainstorming sessions.

sergeinik [125]

Project Status Meetings give the project managers an oppurtunity to seek input and conduct brainstorming sessions

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3 years ago

a) Sixteen years ago your parents opened a saving account in your name and made a lump sum deposit, today the balance of this ac

Sonbull [250]

Answer:

$102,348.034

Explanation:

It is a simple problem of Compound Interest, we have to find the Principle amount invested.

Given:

Future value (F) = $260,000

Rate(R) = 6% = 6/100 = 0.06

Number of years (n) = 16 years

Initial deposit (C) = ?

Calculation:

$Future value (F) = C\times (1+R)^n\\Future value (F) = C (1+0.06)^{16}\\260,000 = C(2.54035168)$

$260,000/2.54035168 = C

$102,348.034 = C

So, Initial cash Deposit = $102,348.034

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3 years ago

Project 1 requires an original investment of $125,000. The project will yield cash flows of $50,000 per year for 10 years. Proje

mario62 [17]

Answer: $126,613

Explanation:

Net Present value of Project A is:

= Present value of $50,000 annuity + Present value of residual value - Initial investment

Present value of $50,000 annuity:

= 50,000 * ( 1 - ( 1 + rate)^-number of periods) / rate

= 50,000 * ( 1 - ( 1 + 12%) ⁻⁸) / 12%

= $248,382

Present value of residual value:

= 8,000 / ( 1 + 12%)⁸

= $3,231

Net present value

= 248,382 + 3,231 - 125,000

= $126,613

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3 years ago

If demand changes greatly with a small change in price, we say the demand is _______________ .

bulgar [2K]

If demand changes greatly with a small change in price, we say the demand is elastic.

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4 years ago

When a full set of general purpose financial statements is presented, comprehensive income and its components A. Appear as part

DochEvi [55]

Answer:

D) Must be reported in a presentation that includes the components of other comprehensive income and their total.

Explanation:

Comprehensive income (net income plus other comprehensive income) must be reported in a presentation that includes the components of other comprehensive income and their total.

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3 years ago