Step-by-step explanation:
Step 1: Substitute 8 in the equation.
Step 2: Minus 8 from 15.
Answer:
<h2>x = 2.5</h2>
Step-by-step explanation:
Answer:
as a percentage it is: 0.25 x 0.2 =0.05 or 5%
but as a common fraction it is: 5/100 or 1/20
Step-by-step explanation:
Answer:
A = $996.00
Step-by-step explanation:
(I = A - P = $196.00)
Equation:
A = P(1 + rt)
Where:
A = Total Accrued Amount (principal + interest)
P = Principal Amount
I = Interest Amount
r = Rate of Interest per year in decimal; r = R/100
R = Rate of Interest per year as a percent; R = r * 100
t = Time Period involved in months or years
From the base formula, A = P(1 + rt) derived from A = P + I and I = Prt so A = P + I = P + Prt = P(1 + rt)
Calculation:
First, converting R percent to r a decimal
r = R/100 = 7%/100 = 0.07 per year.
Solving our equation:
A = 800(1 + (0.07 × 3.5)) = 996
A = $996.00
The total amount accrued, principal plus interest, from simple interest on a principal of $800.00 at a rate of 7% per year for 3.5 years is $996.00.
Answer:
Bad debt expense Dr ($140,000 × 1%) $1,400
To Allowance for doubtful debts $1,400
(Being the bad debt expense is recorded)
Step-by-step explanation:
The adjusting entry is shown below:
Bad debt expense Dr ($140,000 × 1%) $1,400
To Allowance for doubtful debts $1,400
(Being the bad debt expense is recorded)
Here the bad debt expense is debited as it increased the expenses and credited the allowance for doubtful debts as it decreased the assets
