<span>Exhibit :
If Nancy Cardoza invested $3300 with an average return of 9% every year, her investment will be worth $ 5077 at the end of five years as illustrated below.
Year 1 Year 2 Year 3 Year 4 year 5
3300 3300 3597 3920.73 4273.5957 4658.219313
297 323.73 352.8657 384.623613 419.2397382
3300 3597 3920.73 4273.5957 4658.219313 5077.459051</span>
The answer would be false.
Answer:
True is the correct answer.
Explanation:
Answer: is based on when the asset is expected to be converted to cash, or used to benefit the entity.
Explanation:
Also known as a Short-Term asset, a current asset is an item of value that a company can either use or sale within a period to gain cash to clear current liabilities. Current assets can easily be converted to cash by sales or use.
Answer: $72,696
Explanation:
Cash collections from customers = Sales + Decrease in Accounts Receivable:
= 62,595 + (16,209 - 6,108)
= $72,696
Sales represents cash sales and decrease in accounts receivable will represent the amount collected from the debtors.