Answer:
$ 1,723.76
Explanation:
Given:
Interest factor = 4.641
Rate of interest, r = 10%
Future value of the annuity = $ 8,000
Now,
The future value of annuity is calculated as
=
Where,
P = Principal payable
r = interest rate
n = number of payments
thus, on substituting the values, we get
$8,000 = P × Interest factor
or
$ 8,000 = P × 4.641
or
Annual payment, P = $ 1,723.76
Answer:
C. Observation of the counting of inventory.
Explanation:
Risk assessment procedures involve all the steps that represent the evaluation of procedures which are company specific and not individual item specific.
These assessments are done in order to ensure the accounting procedures are fair that are followed by the company.
Thus, the observation of counting of inventory is substantative in nature and not investigating like, risk assessment test.
All other steps mentioned are part of risk assessment procedure.
Salt is the term used in cryptography that defines a value that can be used to ensure that hashed plaintext will not consistently result in the same digest. The salt is<span> </span>random<span> data that is used </span> to <span> defend passwords against </span>dictionary attacks<span> or against its hashed equivalent.
For each password a new salt is generated randomly.</span>
Edison's general journal entry to record this transaction will include a Credit to Utilities Expense for $520.
<h3>What is a general journal entry?</h3>
It means the record of financial transactions and these entries are made in the order that the transactions occurred.
Mostly, it contain information about things like cash receipts and payments but can also contain inventory balances, purchases and sales etc
Read more about journal entry
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Answer: A. An investment readily convertible to a known amount of cash.
Explanation:
A cash equivalent is referred to as the investment that's readily convertible to a known amount of cash.
Cash equivalents include marketable securities that has a maturity of less than 90 days and bank accounts. Examples of cash equivalents are treasury bills, commercial paper, etc.