Answer: $1,196
Explanation:
Based on the information and the values that are provided in the question, the worth of the investment of the rate of interest is 11% will be calculated as:
=(250 / 1.11) + (520 / 1.11²) + (750 / 1.11³)
= 225.23 + 422.04 + 548.39
= $1,195.66
= $1196 approximately
The worth of the investment will be $1196.
Answer:
Benjamin Fisher
Insider Trading:
1. The purpose of the meeting is for:
Intensive problem solving.
2. The people that should be invited to attend the meeting should be:
5 or fewer
Explanation:
As the CEO, it is Benjamin's responsibility to call for this meeting between himself and his trusted executives. Therefore, the number of those attending should be limited to 5 or fewer. The meeting needs to be an intensive one that must iron out a solution for developing a communication strategy for handling the present situation.
The insider trading accusation can seriously damage the firm's reputation and needs to be handled with despatch.
Entries are given.
DATE ACCOUNT TITLES DEBIT CREDIT
Dec 31,2019 No entry 0
No entry
(Considering that goodwill has an 0
infinite existence, goodwill should
not be amortised.)
Dec 31, 2019 Patent Amortization $10,000
[$75,000×(1/5)×(8/12)] patents
(To record patent amortizations for $10,000
8 months)
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