Answer:
15 years
Explanation:
Use the FV formula to calculate the total duration;
Future value ; FV= 52,421
Present value; PV = 19,000
Interest rate ; r = 7% of 0.07 as a decimal
Total duration ; t = ?
Divide both sides by 19,000;
Introduce logarithm on both sides;
㏑2.759 = t㏑1.07
Divide both sides by ㏑1.07 to solve for t;
㏑2.759 / ㏑1.07 = t
t = 14.9998
Therefore, it will take 15 years
Answer:
Common Stock $10,000 and Paid-in Capital in Excess of Par Value $2,000
Explanation:
The journal entry to record the issuance of common stock is presented below:
Cash A/c Dr $12,000 (1,000 shares × $12)
To Common Stock $10,000 ($1,000-× $10)
To Additional Paid-in Capital in excess of par - Common Stock $2,000
(Being the issuance of stock is reported and the remaining balance i.e $2,000 is credited to the additional paid-in capital account)
While issuing the stock, we debited the cash account as there is a cash inflow and credited the common stock and additional paid-in capital account as the share is issued which affect the stockholder equity
The answer to this question is that federal express has a core competence. Core competence is the main strenghts or advantages of a business or the company in order for them to become competitive in the market. The concept of Core competency was introduced by Gary Hamel and Prahalad. Core competency is what the business or company can do to their customers and their expertise that is unique that can be valued by the customers.
<span>I expect 100,000 prisoners in the system in 2020, because there always will be a criminals or killers. For example, someone kills his wife because she cheated on him or drug dealers who rob gas stations so they can buy some drugs etc.</span>
Answer: in personam jurisdiction
Explanation: The “long-arm statute,” is a law in majority of states that explains when a court can have in personam jurisdiction over parties who do not reside in that state. Certain conditions must be met for the court to have this jurisdiction. In general, the cause of action should have occurred in the state where the case is being filed; the defendant was personally served with the court papers in the state; or the defendant has a minimum contact with the state.
In personam jurisdiction is defined as a court's jurisdiction over the parties in a lawsuit, that is, it has both the authority to rule on the law and evidences of a suit and the power to enforce its decision upon all parties to the suit.