the interest rate is 3%
Ben should choose account X because, since it uses compound interest, it would pay interest on interest. Simple interest only pays on the original balance.
so your answer will be B it would pay interest on interest
Answer: The answer is JOINT TENANCY
Explanation: What is joint tenancy?
This is a legal arrangement whereby two or more people jointly own a property, in this arrangement, all owners have equal rights and obligations to the property. When one of the owners die, that owner's stake in the property goes to the surviving owners without having to pass through the court, because of the right of survivorship.
So the type ownership between Sam and Bridget above is a Joint Tenancy.
Answer:
a. -$82,250
Explanation:
Calculation for what is the projects initial cash
flow for net working capital
Initial cash flow=-$216,000 + $181,000 - ($525,000 *0.09)
Initial cash flow=-$216,000 + $181,000 - $47,250
Initial cash flow = - $82,250
Therefore the projects initial cash
flow for net working capital will be - $82,250
The type of Annuity is : Immediate annuity, where distribution starts within 1 year of purchase. <span>A man purchased $90,000 annuity with a single premium, and began receiving payments 2 months after that, the type of annuity is Immediate Annuity. </span>Immediate annuities<span> are long-term, tax-deferred contracts one purchase from an insurance company, it provide </span>immediate<span> regular payments in exchange for a lump-sum investment. These payments are guaranteed to last for life or a specified period of time.</span>
Answer:
Ending inventory $210
Explanation:
Perpetual inventory system:
<u>Cost of Goods Sold and ending inventory are calcualte after every sale.</u>
Inventory available at the moment of sale:
Beginning inventory of 15 units at a cost of $12 = $180
June 5, Jacobs purchased 10 units at $13 per unit = $130
On June 12, it purchased 20 units at $14 per unit = $280
<em>units for sale: 45 cost of goods available for sale 590</em>
we sold 30 units. Units at ending Inventory: 45 - 30 = 15
<u>We are asked for FIFO method:</u>
first units are sold and <u>newest are inventory</u> so, ending invenotry will be compose of units fro mthe nearest purchase which is June 12th
15 units x $14 each = $ 210