Answer:FALSE
Explanation: Accumulated depreciation is a negative account (contra-account) which Describes the total depreciation amount allotted to an asset since it is put into use. Accumulated depreciation is not added to the balance of the long lived asset in the balance sheet.
When an organization prepares it's balance sheet,it ensures that the depreciation schedule is recorded for all it's assets ensuring that both the cost of the equipment and it's depreciation is documented accordingly. Accumulated depreciation reduces the value of the assets in the balance sheet when added.
The assessments of the currency of diversity plan is one that is centered around making a diversity plan that entails a lot of steps to make sure that the institution is said to be prepared to make a diversity plan.
It is one that seek to recognizes its role inside of a diverse community, and it is one that handles diversity in a meaningful and vital way.
<h3>What is in a diversity plan?</h3>
A diversity plan is known to be a kind of an actionable plan that tells more about one's business and how one can go about then.
It is one that is made up of people from a lot of backgrounds. It is a said to be a kind of a commitment by the company to make an environment that is fair.
Hence, The assessments of the currency of diversity plan is one that is centered around making a diversity plan that entails a lot of steps to make sure that the institution is said to be prepared to make a diversity plan.
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Answer:
$210
Explanation:
Calculation for what the amount of interest to be accrued on December 31 will be
Using this formula
Accrued interest =Amount lent×Promissory note percentage
Let plug in the formula
Accrued interest=$3,500×6%
Accrued interest=$210
Therefore the amount of interest to be accrued on December 31 will be $210
The net present value of this lockbox arrangement is $1,205,378.06.
Since you are considering implementing a lockbox system for your firm, and on an average day, your firm receives 1,370 checks with an average value of $ 880 each, and the daily interest rate on Treasury bills is 0.01 percent, and the bank charge per check would be $ 0.25, to determine what is the net present value of this lockbox arrangement, the following calculation must be performed:
- ((1370 x 880) x 1.0001) - (1370 x 0.25) = X
- 1,205,720.56 - 342.5 = X
- 1,205,378.06 = X
Therefore, the net present value of this lockbox arrangement is $1,205,378.06.
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