Answer:
$8,892.34
Explanation:
This question is an ordinary annuity type of question. It can be solved using a financial calculator. Input the following to solve for the future value of the annuity deposits;
Recurring payment; PMT = -1,000
Duration of investment; N = 2*4 = 8 quarters
One-time present cashflow; PV = 0
Quarterly interest rate ; I = 12% /4 = 3%
then compute the future value ; CPT FV = $8,892.34
Answer:
B. Is the process of allocating the cost of a plant asset to expense.
Explanation:
Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.
Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life
I had to look for the options and here is my answer:
Based on the given description above, I can say that the Baumrind's parenting style that Matt and Tamela use is AUTHORITATIVE PARENTING. This is the type of parenting wherein parents impose limits on their children, but with a reason. Still, they respond to whatever their children needs.
