Answer:
The value after seven years from now is $231,216.29
Explanation:
The computation of the expected value would be seven years from now is shown below:
Here we use the future value formula i.e. shown below:
Future value = Present value × (1 + interest rate)^number of years
= $188,000 × (1 + 0.03)^7
= $188,000 × (1.03)^7
= $231,216.29
Hence, the value after seven years from now is $231,216.29
Answer: the correct answer is $1,770
Explanation: Interest is calculated by multiplying the principal times the time period the note is redeemable. It is important to bear in mind that all interest are annual unless it is stated differently. This note renders 12 % annually. At December 31 two months of interests are payable and must be recognized as interest expense. Having said that the calculation is as follows:
December 31 : $88,500 * 12% *(2/12) = $1,770
Answer:
(10.5, 5.5)
Explanation:
There is a formula for calculating the midpoint of two points.
How do we plug the two points into this formula?
(9, 6), (12,5)
<em>9 is x1</em>
<em>6 is y1</em>
<em>12 is x2</em>
<em>5 is y2</em>
This means, when we plug these numbers into the formula... it looks like this:
When we evaluate the new X coordinate of our midpoint:
(9 + 12) / 2 = 10.5
And when we evaluate the new Y coordinate of our midpoint:
(6 + 5) / 2 = 5.5
<em>The final answer is (10.5, 5.5)</em>
Answer:
gain of $14,000
Explanation:
Data provided in the question:
Cost of the truck = $56,000
Accumulates depreciation on January 1, 2018 = $38,000
Reimbursement received from the insurance company = $32,000
Now,
the book value on January 1, 2018
= Cost of the truck - accumulated depreciation
= $56,000 - $38,000
= $18,000
since, the book value is less than the Reimbursement amount received, therefore a gain will be recognized
The amount of gain = $32,000 - $18,000
= $14,000
Answer:
B. This is to inform you that your kind letter of May 14 has been directed to me for reply.
Explanation:
According to the given options, the option B should be selected for refusing the request for a charitable donation as letter of may 14 would be directed to me for reply as it represent the declination of request made for charitable donation
So the option b is correct
and, the rest of the options are incorrect
