The question is incomplete. The complete question is :
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.
Regular withdrawal $ 2200
Interest rate 2%
Frequency Monthly
Time 20 years
Solution :
Given :
Monthly withdrawal = $ 2200
Interest rate = 2%
Frequency = monthly
Time = 20 years
= 20 x 12 = 240 months
Formula used :
with Z = 1 + r
where, w = monthly withdrawal
P = principal amount
r = monthly interest rate
Y = Number of months
So, w = 2200
r = 2% = 0.02
Z = 1 + r
= 1 + 0.02 = 1.02
Y = 240
Therefore,


= 111,231829
≈ 111,232 (rounding off)
Thus, the account balance = $ 111,232
Answer:
debit to Supplies Expense and a credit to Supplies
Explanation:
The adjusting entry to use the supplies is shown below:
Supplies expense Dr XXXXX
To Supplies XXXXX
(Being the supplies is adjusted)
For recording the adjusting journal entry, we debited the supplies expense and credited the supplies so that the proper posting could be done
Hence, the first option is correct
Considering the situation described above, to determine who should receive his memo, Keitaro would need to consult "<u>Organization Charts</u>."
This is because an <u>Organization Chart</u> is a pictorial representation that shows the structure of an organization.
It usually depicts those or the top ranks at the top, while the lower ranks are placed accordingly.
It also shows the relationships and positions or jobs of the ranks or individuals presented on the organization charts.
Organization charts is often referred to as organogram.
Hence, in this case, it is concluded that the correct answer is option A. "<u>organization chart</u>."
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Accounts receivable and crediting Notes Receivable and Interest Revenue.
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