Answer:
$4,697.04
Explanation:
In simple words , this question requires us to find the Future Value in 5 years time. We compound the Present Value using the effective interest rate to determine the Future Value of an investment.
<em>PV = $3,000.00</em>
<em>P/YR = 12</em>
<em>N = 5 x 12 = 60</em>
<em>I = 9 %</em>
<em>PMT = $0</em>
<em>FV = ?</em>
Using a Financial calculator to enter the parameters as above the Future Value (FV) is $4,697.04
therefore,
In 5 years time, you will have $4,697.04.
Answer:
S/n Account Title and Explanation Debit Credit
a. Bad Debt Expense $5,460
($182,000 sales x 3%)
Allowance for Doubtful Accounts $5,460
(To record bad debt expense)
b. Bad Debt Expense $5,460
($182,000 sales x 3%)
Allowance for Doubtful Accounts $5,460
(To record bad debt expense)
Answer:
11.36%
Explanation:
Divide the new price of roast beef with the old one. 7.69 / 5
7.69 ÷ 5 = 1.538
Also divide 1 with the number of years inflation occur
1 ÷ 4 = 0.25
Next, is to raise the first answer gotten to the power of second.
1. 538 ^ 0.25 = 1.113625
Subtract from from 1
1 - 1.1136235 = -0.1136 = - 11.36%
Answer:
Debt Ratio = Total Debt Total/ Assets
Equity Multiplier = Assets/Equity
<h2>
Lots of Debt</h2>
Debt Ratio
= 32.5/34.25
= 0.95
Equity Multiplier
= 34.25/2
= 17.13
<h2>
Lots of Equity </h2>
Debt Ratio
= 2/34.25
= 0.06
Equity Multiplier
= 34.25/32.25
= 1.06
The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.
hope this helps
