Answer:
The c orrect answer is A.
Explanation:
Giving the following information:
Annual deposit= 1,410
Annual interest rate= 5%
Number of years= 8 years
To calculate the future value of her investment, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,410*[(1.05^8)-1]}/ 0.05
FV= $13,464.24
Answer:
D) $14,000
Explanation:
Description Estimated life Cost Amortization per year
Sales office 10 years $47,000 $4,700
Warehouse 25 years $75,000 $7,500
Parking lot 15 years $18,000 $1,800
total $14,000
Even though the useful life or the warehouse and parking lot is longer than 10 years, since the lease contract is only for 10 years, then it must be depreciated in 10 years.
Answer: Product Life cycle
Explanation: Product Life cycle is a concept used to describe the various stages which a product will have to undergo from the time of introduction into the market till the time it will eventually be out of the market. Different products have different life cycle,the life cycle is determined by different factors. The shape of a product's life cycle is that of a BELL SHAPE
The stages include Introductory stage, Growth stage, Stabilization stage and decline stage.
Answer:
$16,000
Explanation:
Data provided
Ending cash balance = $72,000
Beginning cash balance = $51,000
Cash receipts = $135,000
Cash disbursements = $130,000
The computation of cash borrowing is shown below:-
Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrowings
$72,000 = $51,000 + $135,000 - $130,000 + Cash borrowings
Cash borrowings = - $72,000 + $51,000 + $135,000 - $130,000
= $186,000 - $202,000
= $16,000
Answer:
Debit Expenses $90,000; credit Accrued wages and salary $90,000
Explanation:
If we assume that the City of Juneau maintains its books and records to facilitate the preparation of its fund financial statements. The employees paid from the general fund had earned $90,000 on Monday, Tuesday, and Wednesday (June 28, 29, and 30).
The entry, if any, should be made in the city’s general fund on June 30 is to: Debit Expenses $90,000; credit Accrued wages and salary $90,000
The amount has been incurred in the month but has not been paid hence it has to be captured as expenses for the month of June while the double entry will be that the amount is captured as accrued wages signifying that it has not been paid within the period it was incurred
