Using the formula for compound interest:
The formula for annual compound interest, including principal sum, is:
A = P (1 + r/n)ⁿˣ
Where:
A = the future value = $95000
P = the principal investment amount = ?
r = the annual interest rate = 0.06
n = the number of times that interest is compounded per year = 2
x = the number of years the money is invested = 0.5
95,000 = P (1 + 0.06/2)¹
95,000 = P (1.06/2)
95,000 = P (0.53)
P = 95,000 ÷ 0.53
P = 95,000 ÷ 0.53
P = 179,245.30
Total compounded interest = 179,245.30 - 95,000
Total compounded interest = 84,245
Answer:
C. Total debits are equal to total credits
Explanation:
When the end-of-period spreadsheet is complete, the adjustment columns should have:
Total debits equal to total credits.
When this happens, the trial balance is considered to be balanced.
If revenues are greater than expenses, then income statement will give a credit balance. If expenses are bigger than revenues, your income statement will show a debit balance.
<span>What is the primary difference between a static budget and a flexible budget? The static budget contains only fixed costs, while the flexible budget contains only variable costs. Flexible budgeting allows for variables to change the budget and allotted costs for the budget. When you have a flexible budget you are understanding of things that could "come up" and have extra </span>money open to use there. In a static budget, you are strict on where your money is spent and you have a budget just for those costs.
Answer: Behaviorally anchored rating scale
Explanation:
The Behaviorally anchored rating scale is one of the type of appraisal method that is used to combining all the performance, productivity and skills of an employee at the time of appraisal process.
The main objective of the behaviorally anchored rating scale is to bring the main qualified criteria of the appraisal and then based on the employee performance and the eligibility the appraisal are given to an employees in an organization.
According to the question, the Bernice is basically using the behaviorally anchored rating scale method for the purpose of utilization the narrative information for outlining the performance and behavior.
Therefore, Behaviorally anchored rating scale is the correct answer.
Answer:
1,114,518.63 shares
Explanation:
Offer price per share = $70 per share
Underwriter's spread per share = Offer price per share × 8%
= $70 × 0.08
= $5.6 per share
Net proceeds per share = Offer price per share - Underwriter's spread per share
= $70 - $5.6
= $64.4 per share
Amount required to be raised by issue of shares:
= Amount required for expansion + SEC filing price
= $71,000,000 + $775,000
= $71,775,000
= 1,114,518.63
Therefore, the number of shares to be sold are 1,114,518.63
