Answer:
(a)70 years
(b)23.33 years
(c)8.75 years
Explanation:
According to the Rule of 70, for a given interest rate x, funds double in
years.
(a)For a savings account earning 1% interest per year,
The number of years it will take the fund to double=
=70 years
(b)For a U.S. Treasury bond mutual fund earning 3% interest per year.
The number of years it will take the fund to double=
=23.33 years
(c)For a stock market mutual fund earning 8% interest per year.
The number of years it will take the fund to double=
=8.75 years
Answer:
debit Accounts Payable $800; credit Merchandise Inventory $16; and credit Cash $784
Explanation:
Since Jello's Market purchased $1,000 of goods on account with terms of 2/10,n/30, and they returned $200 of the goods due to defect the next day.
Since the goods are paid fr the next day, if falls within the settlement for discount date which is 2% within 10 days
If Jello pays for the purchase within the discount period and uses the perpetual inventory system, the required journal entry to record the payment would: debit Accounts Payable $800; credit Merchandise Inventory $16; and credit Cash $784.
This would be the case because accounts payable account would have been credited since the goods were not bought for cash but on account, and the would be $1000 less $200 returns, which is $800.
The discount of 2% x (1000 - 200 returns) would be $16 and posted directly to inventory, since it is a perpetual inventory system.
The actual amount paid is credited to cash, which is $1000 - $200 returns - $16 discount
The answer to this is probably something like the human factor or a human error. That is because no matter how great the conditions are, you can't prevent people from making a mistake eventually and this can include even simple things like falling down stairs. What you can do is make sure you get good employees, but even those banal injuries still count as a workplace accident and the worker needs to be paid and covered to mend it.
Answer:
program goals, criteria for selection, a plan for onboarding and a plan for continued engagement