<span>The bonds make annual payments and have a par value of
$1,000.</span>
Answer:
time t = 28.72 years
Explanation:
given data
Present Value = $21,500
Interest Rate = 11%
Future Value = $430,258
solution
we will apply here future value formula to find out time period that is express as
future value = present value × .....................1
put here value and we will get
$430,258 = $21,500 ×
20.012 =
take ln both side
ln (20.012) = t × ln(1.11)
t =
time t = 28.72 years
Answer and Explanation:
The journal entries are as follows:
On May 4
Account payable $600
To cash $600
(Being cash paid is recorded)
On May 7
Account receivable $6,500
To service revenue $6,500
(being service on account is recorded)
On May 8
Supplies $800
To Account payable $800
(being supplies purchased on account)
On May 9
Equipment $1,000
To cash $1,000
(being cash paid)
On May 17
Salary expense $500
To cash $500
(being cash paid)
On May 22
Repair expense $800
To Account payable $800
(Being received bill for repairing of an equipment is recorded)
On May 27
Prepaid rent $1,100
To cash $1,100
(Being cash paid is recorded)
There must be at least one RBS-certified individual on-site to oversee the alcohol service for non-profit groups that have obtained a temporary daily on-sale license or temporary daily off-sale license for an event. By the day of the event, this designated individual must have received their certification.
What is a nonprofit corporation?
- Any company that has been legally established and is operated solely for charitable or nonprofit purposes is known as a nonprofit corporation.
- A nonprofit corporation may apply for official status as one, may be taxed differently from for-profit businesses, and may be handled differently in other ways depending on the rules of the jurisdiction.
<h3>What kind of events sees the most drinking?</h3>
- On Fridays and Saturdays, the weekly variation in alcohol consumption was at its highest and was especially high on Christmas and New Year's Eve.
- On Christmas and New Year's Eve, on average, more people drank than on other weekends during the sampling period.
Learn more about non-profit here:
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Answer:
The team earns $405 in revenue for each game and $2430 revenue each season. With total costs of $3300 each season, the team finishes the season with $ -870 of profit
Explanation:
TEAM EARNS $ 10 FOR EACH TICKET AND 30 PEOPLE ATTEND A GAME AND SPEND $7 ON CONCESSION STAND BUT TEAM RECEIVE ONLY $ 3.5 OUT OF THIS SO
PER CUSTOMER REVENUE OF TEAM= $13.5
TOTAL REVENUE PER GAME = 13.5 * 30= $405
FOR A SEASON OF 6 GAMES, TOTAL REVENUE= 405* 6=$2430
PROFIT = REVENUE- COST= 2430- 3300 = -870 $
THAT MEANS LOSS OF 870 $
The team earns $405 in revenue for each game and $2430 revenue each season. With total costs of $..3300...... each season, the team finishes the season with $ -870 of profit or loss of $870