Answer:
The balance in the account = $851.8
Explanation:
The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years
.
This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:
<em />
FV = PV × (1+r)^(n)
FV-Future value
r- rate of return per period
n- Number of period
PV - 300
r-11%
DATA
FV- ?
PV - 300
n- 10
FV= 300 × 1.11^10 = 851.83
The balance in the account = $851.8
Finding the right place to be a waitress at could be really good :) But if you're not too inclined to rely mostly on tips here's a list of good places that have some benefits (free food, flexible schedule, etc.)
- McDonalds
- Lifeguard
- Babysitter
- Chipotle
- Gas stations (I know someone who works there who says they offer a very flexible schedule)
- Gap
- Subway
- Sonic
- Little Cesar's
- Rue 21 (or other stores similar to that)
- Starbucks (they offer amazing benefits!)
- Target
- Apple support (I believe they send you a computer and all to be able to work and you also get discounts)
You can find plenty more online. Keep in mind that at 17, you can practically work anywhere! Good luck & hopefully this helped!! :))
The statement, "Common stock is a vehicle for selling ownership and another way to raise money for operations, expansion, or other business needs" is true.
<u>Explanation:</u>
Common stock is a distribution tool and a way to raise capital for investment, business growth or other company needs.
Common stock is a kind of company holding, a type of safety. In many other regions of the world, the terms polling share and prevalent share are frequently were using.
The "common stock" is used mainly in the USA. These are classified as shareholdings or common shares in the United Kingdom and other Commonwealth.
It means that one common stock share constitutes percentage equity of a corporation. In certain words, this is a way to split the assets of a corporation.
For example, if 100 shares were taken out, one share would amount to one percent of the company's intellectual property.
Answer:
The outflow of cash in respect of rent is $270,000
Explanation:
The task is compute cash outflows on rent in the year 2018.
The prepaid rent at the end of 2017 relates to rent expense but was paid last year hence should be deducted from rent expense in the year,
On the other hand , the prepaid expense for 2018 was paid during the year hence should be added to rent expense in order to cash cash outflow relating to rent expense
Rent expense $259,000
Prepaid rent 2017 ($94,000)
prepaid rent 2018 $105,000
Cash paid in 2018 $270,000
Ultimately the outflow of cash in respect of rent in the year is $270,000
