Answer:
It will take 4.2 years
Explanation:
The amount due in the future when a sum of money is invested at a particular interest rate for certain number of years is called Future or compound value.
To calculate the compound value, we use the formula below:
FV = PV * (1+r)^n
FV- future value, PV - Present value, r - interest rate, n - number of years
In this question,
FV - 15,000, PV- 5000, r -3%, n- ?
Substituting this value we have:
15,000 = 5000 × (1+0.03)^n
15000 = 5000 × 1.03^n
1.03^n = 15,000/5000
1.03^n = 3
log 1.03^n = Log 3
n = Log 3/log 1.03
n = 4.18735
It will take about 4.2 years for the account to reach $15,000
The overall capitalization rate by direct market extraction assuming each property is equally comparable to the subject is 11.4%
Explanation:
Capitalization is the accounting of expenditures and the regular distribution of investments in fixed reserves over future years. Capitalisation, in other words, includes an expense usually documented in a temporary account and reported as an income account on a permanent basis.
Take the average of the three property capitalization rates to find the overall capitalization rate.
Answer:
usofkdkkkdydlffjsyd yyydiffufoo
Explanation:
kydkydlfo,r,ei,ro,ruf kydydiyk,r kiskydu*s**s usistsyd,y ususttstsu*
Answer:
The Journal entries to record the given transactions would be:
Account Title Debit Credit
(1) Uncollectible Accounts Expense 18,600
Allowance for Doubtful Accounts 18,600
($600 + $18,000)
(2) Allowance for Doubtful Accounts 350
Accounts Receivable—Fronk Co. 350
(3) Accounts Receivable—Fronk Co. 200
Allowance for Doubtful Accounts 200
Cash 200
Accounts Receivable—Fronk Co. 200
(4) Cash 400
Allowance for Doubtful Accounts* 200
Accounts Receivable—Dodger Co. 600
($600 - $400)*
