Answer:
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- <u><em>b. $128.097.02</em></u>
Explanation:
A constant annual investment of $5,900 for certain period is an annuity.
The equation for the future value (FV) of an annuity starting today, over t years, at an interest rate r is:
Substitute:
The $106,946.23 will be kept 4 more years at the same interest rate. The future value is calculated using the formula:
Substitute
Answer:
d. number of students advised from each division
Explanation:
In the case when the college use the advisors who wants to work with the students for all type of divisions of the college. So here the distribution or allocation basis for the salaries should be depend upon the number of students that advised from each and every decision
Therefore as per the given situation, the option d is correct
Answer: $19020
Explanation:
From the question, we are informed that a company has $317,000 in credit sales and that the company uses the allowance method of determining uncollectible accounts expense.
We are further told that the allowance for doubtful accounts now has an $8,150 debit balance and that the company uses the allowance method based on 6% of credit sales.
Thee amount of the journal entry credited to allowance for uncollectible accounts will be:
=$317000 × 6%
= $317,000 × 0.06
=$19020