Answer:
$1,575
Explanation:
We will clasify the item "revenue" or "not":
- Received $1,050 cash for services provided to a customer during July -> yes, this is revenue
- Received $5,000 cash investment from Bob Johnson : not revenue
- the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June: not revenue for July, but June which was booked in June revenue already
- Provided services to a customer on credit, $525: yes, this is July revenue though it's still on account receivable
- Borrowed $7,500 from the bank by signing a promissory note: not revenue
- Received $1,400 cash from a customer for services to be rendered next year: not July revenue, it's customer advace and might be next year revenue once services are completed
So the amount of revenue for July = Received $1,050 cash for services provided to a customer during July + Provided services to a customer on credit, $525
= $1,050 +$525
= $1,575
Answer:
False. That is one of many.
Explanation:
False. That is one of many.
The compound interest has the capacity to capitalize on the interest of the previous period, that is to say that it converts the interest earned in a period into capital for the following one, in this way the formula of the compound interest is:
Where is the future value or capital that will remain, the present or initial value, the interest rate per period and the number of periods to be capitalized, in this case we have a present value of <em>$2,500</em>, a quarterly rate of <em>7.3%</em> , that is to say <u>4 in a year</u>, as they are 5 years, we obtain <em>4 * 5 = 20</em> periods, with this we calculate
Answer
$<em> </em>10,231.39 will remain in the account
Answer:
D. Approximately $926,000
Explanation:
To compute the purchasing power of president of the united state's salary in 1940, we will divide 100 by 8.1
= 100/8.1
= 12.3457
The next step is to multiply the above result by $75,000
= 12.3457 × $75,000
= $925,925.93
The above means that in real dollars adjusted to inflation, the president in 1940 earned more than twice the president in 2000
Therefore, 1940 presidential salary measured in yes of purchasing power of the dollar in 2000 would be approximately $926,000