Answer:
FV= $11,134
Explanation:
Giving the following information:
Future value= $11,134
Interest rate= 4%
Inflation rate= 4%
Number of periods= 9 years
<u>The inflation rate provokes the opposite effect of the interest rate. Therefore, if the interest rate and the inflation rate are equal, the value of money through time remains constant.</u>
FV= PV*(1+i)^n
FV= 11,134* (1+0.04-0.04)^9
FV= $11,134
Answer:
The answer is A
Explanation:
An increase in an effective maximum legal price will do what to prices and quantities sold in a market?
A maximum legal price is an effective tool to control prices. Usually, the price is below its equilibrium. An increase in the maximum legal price will increase prices and the quantities sold will decrease. When prices go up, companies offer more quantities of a product, but consumers demand less.
Can I get more information?
Answer:
The journal entry for recording the loss on the impairment is shown below:
Explanation:
Loss on Impairment A/c..........................Dr $137,000
Patent A/c......................................Cr $137,000
For recording the impairment, the loss or expense on the impairment is debit Therefore, loss on impairment is debited and the underlying asset is credited. So, the Patent account is credited.
Working note:
Impairment loss = Carrying amount - Fair value
where
Carrying amount is $300,000
fair value is $163,000
So,
= $300,000 - $163,000
= $137,000
At the end of the day people need to respects everyone’s decisions because it always has consequences depending on what they did , if someone is doing so good then they should feel proud it can be so many things it could be people that have mental issues and it stops them from doing some stuff but then they do something for them to feel good breaking the cycle , like there’s other who choose to do bad stuff now some people think is okay but it’s really not and consequences will always be there
