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Scrat [10]
3 years ago
13

A home improvement firm has quoted a price of? $9,800 to fix up? eric's backyard. five years? ago, eric put? $7,500 into a home

improvement account that has earned an average of? 5.25% per year. does eric have enough money in his account to pay for the backyard fixminus??up?
Business
1 answer:
lana [24]3 years ago
4 0

The amount of money that Eric will have after 5 years given the initial amount and the interest per year (which we will assume to be compounded)

<span>                                    F = P x (1 + r)^n</span>

Substituting,

<span>                                    F = ($7,500)(1 + 0.0525)^5</span>

<span>                                    F = $9,686</span>

<span>Therefore, Eric will be short of about $113.39. </span>

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maxonik [38]

Answer:

ok

Explanation:

4 0
3 years ago
Documents in a voucher system
amid [387]

Answer: 1 E, 2 C, 3 A, 4 F, 5 D, 6 B

Explanation:

Purchase requisition - A document used by department managers to inform the purchasing department to place an order with a vendor.

Purchase order - A document used to place an order with a vendor that authorizes the vendor to ship ordered merchandise at the stated price and terms.

Invoice - An itemized statement of goods prepared by the vendor listing the customer's name, items sold, sales prices, and terms of sale.

Receiving report - A document used to notify the appropriate persons that ordered goods have arrived, including a description of the quantities and condition of the goods.

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4 0
3 years ago
Which of the following statements about income taxes is not correct?
Anastaziya [24]

The correct statement regarding the income tax is Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future. hence option C is correct

<h3>What is income tax?</h3>

A tax placed on people or organizations in relation to their income or profits is known as an income tax. Tax rates multiplied by taxable income are typically used to calculate income taxes. Tax rates might change depending on the taxpayer's attributes and source of income.

The complete part of the question is below:

A) Review Later Income tax expense includes both the amount of tax payable in the current period and the amount of tax due in future periods.

B)Income taxes are based on taxable income and not accounting income.

C)Deductible temporary differences give rise to deferred tax liabilities, meaning that more tax is payable in the future.

D)Deferred taxes arise because of temporary differences between the tax base and the carrying amount of assets and liabilities on the balance sheet.

Hence option C is correct.

Learn more about income tax:

brainly.com/question/17075354

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7 0
2 years ago
Suppose real GDP for a country is $1,200 billion. The GDP price index is 114.6. There are 25 million workers who work 36 hours p
8_murik_8 [283]

Answer:

1,333.33

Explanation:

Labor productivity is measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.

total labor hours = 25milion x 36 hours per week

                            = 900 million

labor productivity = GDP ÷ total labor hours

labor productivity = $1,200 billion ÷ 900 million

                                $1,333.33 per hour

4 0
3 years ago
Project managers should wait to give feedback to the project team and team members until the project has been completed. Giving
xeze [42]

Answer:

False

Explanation:

Employees are so eager to learn about a potential raise that they tend to tune out constructive feedback. This action will help the whole team to fix their backwards at once and in time to have a better rusult rather than waiting unitl e project has been completed. At that time, it is too late for improvements.

5 0
3 years ago
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