Answer:
Check the explanation
Step-by-step explanation:
Journal entries are as follows:-
Date Account Titles Debit Credit
Oct-01. 8% Note Receivable $35,000.00
Land $30,000.00
Gain on sale $5,000.00
(Sale of Land)
Dec-31 Interest Receivable $700.00
Interest Revenue $700.00
(Interest revenue on Note for 3 mon. recognized)
($35,000 * 8% *3/12 = $700)
1. a) equation of the line :
y - intercept = -7
so, it will pass through point (0, -7)
and if we plug the value of x as 5, we get
so, it will pass through point (5, -5) too
now, just plot the points (0 , -7) and (5 , -5) and join them.
2. b) equation of line is :
here, y - intercept = 5
so the line passes through point (0 , 5)
now, Plugging the value of x = 1 we get :
so, the given line passes through point (1 , 2)
plotting the points, we can get our required line.
Answer:
$14,644.63
Step-by-step explanation:
To solve this problem we can use the compound interest formula which is shown below:

<em>P = initial balance
</em>
<em>r = interest rate
</em>
<em>n = number of times compounded annually
</em>
<em>t = time
</em>
<em />
First change 12% into a decimal:
12% ->
-> 0.12
Lets plug in the values:


Tammy will own $14,644.63 after 8 years,
2/5 = 40%
3/10= 30%
1/2= 50%
1/10= 10%
so it's 1/2