The answer to the statement is yes. It is because laws are important to promote fairness and peace. Laws are established to get things done in order and in different places and environment, there are different laws to be followed in which the statement above is related to it.
Answer:
Journalize the following transactions for Pharoah Company.
Explanation:
1.
Supllies 1050
Cash 1050
5.
Retained earnings 440
dividen Payable 440
7.
Cash 5800
deferred revenue 5800
16.
Cash 800
Account receivable 800
33.
Equipment 3300
cash 1250
Account payable 2050
Answer:
6%
Explanation:
Given the following :
Amount of bond issued = $10,000,000
Cash paid = $300,000
Term of bond = 10years
Semiannual interest pay
The stated annual rate of interest on the bond can be calculated thus :
Rate of interest ;
Cash paid / Amount of bond issued
$300,000 / $10,000,000
= 0.03
0.03 * 100%
= 3% (semiannual interest)
Therefore, annual rate of interest :
Semiannual rate * 2
3% * 2 = 6%
Answer:
$1,774.2
Explanation:
Compute the accumulated amount in the account on the date of last deposit'
Formula used to find out the future value ordinary annuity is:
Future value factor of ordinary annuity 
1- oily Future value of ordinary annuity 
Where:
R = annual return (ordinary annuity)
= future value of an ordinary annuity of I for n periods at i interest
Substituting the values:
Future value of ordinary annuity
= 
=
