Answer:
The correct answer is Option A. you will need to deposit $111,111 so that you can fund the scholarship forever, assuming that the account will earn 4.50% per annum every year.
Explanation:
Perpetuity is the cash flows to be receivable for an unspecified period of time. The present value of a perpetuity is calculated as the cash flows divided by the interest rate provided.
Given data;
Amount needed to be deposited = $5000
Interest rate = 4.50%
Present Value of Perpetuity = Cash Flows ÷ Interest rate
= $5000 ÷ 0.045
= $111,111
I believe the answer is: Civil court
Civil court is the place where the justice department handle all cases that does not involve the infringement of the criminal laws.
The cases that come into this court would revolve around conflict between two legal citizens or organizations, such as conflict between employees and their workers, conflict between divorced couples, conflict between rent owners and tenants, etc.
Answer:
Data
Explanation:
Data can be defined simply as facts or statistics or sample collected for information or analysis or reference purposes. Data can also be said to be individual or singular units of information. In this case, the number of people with income below the poverty line is an example of data or raw data.
I hope this helps.
Answer:
Check the explanation
Explanation:
The journal entry:
Date Particulars Amount DR Amount CR
31 Jan 2020 Notes Acc Dr. $300000
To Customer $30000
( Being Zero interest Notes
Accepting from customer.)
31. Dec 2020 Customer A/cc Dr. $19250
To Interest acc $19250
( Being Interest on notes 300000 at 7% 11 month.)
Interest A/cc DR. $19250
To Profit & Loss $19250
( Being Transfer to Profit & loss Account)
