Answer:
Called shareholders' equity or stockholders equity for a corporation
Explanation:
.......
Answer:
a. Date Account Title and Explanation Debit Credit
Insurance Expenses $2,800
Prepaid Insurance $2,800
(To record 6-month Insurance coverage expired)
b. Date Account Title and Explanation Debit Credit
Supplies Expenses $10,200
Supplies $10,200
(8,200 +3,600 - 1,600)
(To record supplies consumed during the year)
Answer:
The answer is: B) Information is analyzed for taking effective decisions.
Explanation:
Businesses use information for every decision it makes or expects to make. Without good information, businesses are bound to make serious mistakes in their decision making processes and their everyday performance.
Imagine that today the government decides to ban certain food ingredients which we commonly use in our recipes for producing cakes. If we don't get the information on time, we might continue to use the banned ingredients and may face possible sanctions for it. But if we knew about the ban we would have replaced those ingredients.
Answer:
4.17% or 0.0417
Explanation:
the present value of your investment is $96
the future value of your investment is $100
time period n = 1
using the future value formula:
$100 = $96 x (1 + r)¹
1 + r = $100 / $96 = 1.04167
r = 1.04167 - 1 = 0.04167 = 4.167%= 4.17%