Answer:
Simple interest= $273.7
Explanation:
<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>
<em> Simple interest is calculated as follows:</em>
Simple interest = Principal × Rate × Time
or
Simple interest = Future sum - Principal amount invested
DATA
Future sum- $973.70
Principal amount invested-700
Simple interest = 973.70 - 700=273.7
Simple interest= $273.7
Answer:
Deferred income tax expense = $7,161
Explanation:
Given:
Bed debts increase = $6,800
Depericiation increase = $40,900
Tax-exempt life insurance = $3,450
Computation:
Assume tax rate = 21%
Taxable difference = 40,900 - 6,800
Taxable difference = 34,100
Deferred income tax expense = 34,100 × 21%
Deferred income tax expense = $7,161
Answer:
True.
Explanation:
Under a just-in-time inventory system, a company can reduce the amount of working capital it needs to finance inventory, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
In Business management, Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.
Basically, It is an inventory management system that companies use to reduce wastage to the barest minimum, thereby, freeing capital for other uses and/or lowering the total capital requirements of the enterprise.
<em>Hence, just-in-time when used judiciously can help a company reduce the amount of working capital it needs to finance inventory management. </em>
In any kind of exercises, may it be a 45-minute walk or running or swimming, beverages such as water is essential. A person must drink water before, during, and after exercises. This is because a person needs to maintain his hydration while exercising for it regulates body temperature and helps lubricate the joints. Also, it contains nutrients which keep you healthy.
