Using simple interest, she will have $410 at the end of six months.
Principle = $400
Rate = 5%
Time equals 6 months, or 0.5 years.
Simple interest is equal to PRT/100.
S.I. = 400*5*(1/2)/100
S.I. = 10
Consequently, $400 plus $10 equals $410.
<h3>What is simple interest?</h3>
To calculate the amount of interest that will be charged on a loan, use the quick and easy formula known as simple interest. For the purpose of calculating simple interest, the daily interest rate, the principal, and the number of days between payments are multiplied.
A loan's principal or the first deposit into a savings account serves as the basis for simple interest. Because simple interest doesn't compound, a creditor would only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.
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GDP is important because it gives information about the size of the economy and how an economy is performing. The growth rate of real GDP is often used as an indicator of the general health of the economy. In broad terms, an increase in real GDP is interpreted as a sign that the economy is doing well
<u>Answer:</u>Those assets that can’t be touched or seen but that have value are called intangible assets.
<u>Explanation:</u>
Intangible assets are the assets which do not have a physical existence to touch or see. Some of the examples of intangible assets are Goodwill, intellectual property, copyrights, patents etc. These assets are in contrast to physical assets which can be moved , touched or seen examples are land, machinery, building cash etc.
Intangible assets are also considered as the long term assets. Though these assets do not have physical existence they have a value. They also help to improve the value of other assets.
Hasbro, Inc., the trademark owner of "Candy Land," sought a court injunction to prevent Internet Entertainment Group, LTD from using the domain name, "candy land". A jury will decide whether Hasbro is entitled to this remedy is FALSE.
Option B
<u>Explanation:</u>
A form of intellectual property composed of a distinctive symbol, design or expression that distinguishes products or services of a specific source from everyone else, while marks used it to distinguish services are generally referred to as product marks is understood as a "trademark".
Trademark law regulates a manufacturer or merchant's use of a tool (including a name, expression, emblem, product shape or logo) to define its products and differentiate those goods from those made or sold by someone else.
Answer:
The balance in right-of-use asset after two years using straight-line method is $428,571.
Explanation:
Right-of-use asset is simply the lessee's right to the use of leased asset under the agreed terms. The term came into being as a result of IFRS 16 Leases, which replaced IAS 17.
Using straight-line method, depreciation expense is calculated as (Cost - Residual Value) / No of useful life
The economic life of the asset is what we would use as the useful life and not the lease term since that approximates the useful life of the asset.
Therefore, depreciation = ($600,000 - 0) / 7 years = $85,714 yearly
Accumulated depreciation for 2 years is $85,714 x 2 = $171,429 approximately
Therefore, the balance (net book value) in the right-of-use asset after two years will be $600,000 - $171,429 = $428,571
