Which of the following are examples of chemical energy being released or stored?

Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will ad

algol13

Answer: The correct answer is $333,333.33

Explanation: Perpetuity is a cashflow that is payable or receivable forever.

In calculating the present value of a Perpetuity, the cash flow will be divided by the rate.

That is $15,000/ 4.5%

=$15,000/ 0.045

=$333,333.33

The money to be set aside now to be able to pay $15,000 every year is $333,333.33

8 0

4 years ago

The cash account of Aguilar Co. showed a ledger balance of $3,969.85 on June 30, 2020. The bank statement as of that date showed

Mars2501 [29]

Answer:

a) bank account reconciliation

bank account balance $4,150

+ deposits in transit $3,390

- outstanding checks ($2,136.05)

reconciled account $5,403.95

cash account reconciliation

cash account balance $3,969.85

- bank fees ($25)

+ note collected (including interest) $1,236

- bank fees for collecting note ($5.50)

- NSF check ($253.20)

- error in processing customer's check $30

- error in processing check no. 742 ($72)

+ error in processing check no. 747 $523.80

reconciled account $5,403.95

b) adjusting entries

1. Dr Bank fees expense 25

Cr Cash 25

2. Dr Cash 1,230.50

Dr Bank fees 5.50

Cr Notes receivable 1,200

Cr Interest revenue 36

3. and 4. no adjusting entry required

5. Dr Accounts receivable 253.20

Cr Cash 253.20

6. Dr Cash 30

Cr Accounts receivable 30

7. Dr Accounts payable 451.80

Cr Cash 451.80

7 0

3 years ago

Suppose you are buying your first condo for $160,000, and you will make a $15,000 down payment. You have arranged to finance the

Archy [21]

Answer:

E. $916.50

Explanation:

We use the PMT function that is to be shown in the attachment

Given that,

Present value = $160,000 - $15,000 = $145,000

Future value or Face value = $0

Rate = 6.5% ÷ 12 months = 0.5417%

NPER = 30 years × 12 months = 360 months

The formula is shown below:

= -PMT(Rate;NPER;PV;FV;type)

So, after solving this, the monthly payments is $916.54 approx

8 0

3 years ago

Which of the following is an example of a cost that varies in total as the number of units produced changes? a.salary of a produ

mel-nik [20]

Answer:

The correct answer is letter "A": salary of a production supervisor.

Explanation:

Variable Costs vary depending on the company's production volume. Variable costs go up when the company produces more goods or services and go down when it produces fewer goods or services. This is compared to fixed costs which do not change in proportion to production volume.

Direct materials, production supplies, commissions, and fees are examples of variable costs. The salary of a production supervisor would fall under this category.

3 0

3 years ago

Liabilities are items you own that have value. True False

shutvik [7]

That statement is false.
Liabilities are items that you owed to another people because of a certain transaction. (such as when you buy a certain product on credit)
We refers valuable items that we owned as an asset, which we could use to fund the operation that generate more wealth for us.

6 0

3 years ago

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