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Elanso [62]
3 years ago
7

Samantha invested $14,000 at 6% simple interest for 1 year. How much is in the account at the end of the 1 year period

Business
1 answer:
algol133 years ago
6 0

Explanation:

The interest = PTR/100

So, here P = Principcal

T = time

R = Rate of interest

= 14000 x 6 x 1 / 100 = 840

So interest = 840

So, The amount at the end = Principcal + Interest

= 14000 + 840 = 14840

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Answer:

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This exercise is to prepare temporary accounts for the next period.  since temporary accounts are measured as at period end, the transaction of a period must not be allowed to mix with another, hence the need to always close or bring to zero all temporary accounts.

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The variable overhead rate is $9.30 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $106,140 per m
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