Answer:
$64,932
Explanation:
Calculate the accumulated sum after 30 years by using below formula:
S = R[(1+i)^n - 1]/i
Where
S = the accumulated sum
R = the yearly deposit
i = the decimal interest rate per year
n = the total count of deposits
This results in a sum accumulation of $723,796.
Now calculate annual payout for a 25-year old annuity by using below formula:
R = Pi/[1 - (1+i)^(-n)]
This gives the PMT of $64,932.
The world bank is not a real bank that gives people loans or where you can have a savings account. It is a body or an organization that monitors the work of all banks in the world that agree to join the system. It creates rules and regulations regarding money and fights things like money laundering and similar.
Answer:Woodmier journal $
1. Date
2021
Warranty expenses Dr 90,000
Warranty liability Cr. 90,000
Narration. Amount of warranty incurred for the year.
2021
Warranty liability Dr 90,000
Bank/Cash. Cr. 90,000
Narration. Payment of warranty expenditures.
2. No entry require
Explanation:
The warranty expenses since is a period of one year can be accounted for at the end of the year without requirements for provision at the beginning of the year. The actual warranty is debited to the income statement and the liability recognized as a creditor until payment.
The discontinuation of the sales of the product in 2021 will not affect the already incurred warranty liability and the account posting thereon in the following years.
Answer:
idc
Explanation:
i do not care, not at all.
Answer:
well to be honest the more you are focused and stuff and get used to like any subject that can help you in the near future.
Explanation:
