Answer:
Total money= 1102.5+2100+3000= $6202.5
Explanation:
Giving the following information:
Your employer has agreed to place year-end deposits of $1,000, $2,000 and $3,000 into your retirement account. The $1,000 deposit will be one year from today, the $2,000 deposit two years from today, and the $3,000 deposit three years from today. If your account earns 5% per year.
We need to use the final value formula:
FV=PV*(1+i)^n
PV= present value
i= interest rate
n= number of years
First deposit will generate interest for 2 years:
FV= 1000*(1.05^2)= $1102.5
Second deposit will generate interest for one year
FV= 2000*(1.05^1)=$2100
The third deposit will not generate interest.
Total money= 1102.5+2100+3000= $6202.5
Answer:
b. recessionary gap to an inflationary gap.
Explanation:
This is because, since the economy was already healing itself steadily but slowly, reaching the natural level of the GDP was expected. However, an implementation of the expansionary monetary policy will only increase the nominal GDP (due to the increase in money supply), not the real GDP since only the monetary value of goods and services is likely to increase, not the physical amount of the goods.
The information that a manager or an owner can get by having an insight into the accounting information about accounts receivable and bad debts is how much amount of goods are sold to the consumers on credit and how much is the amount that the consumers are not able to pay for the goods that they had bought.
It will also help to decide how much of a provision is required to be kept in advance for bad debts. If a company has a high amount of accounts receivable but a small number of bad debts then it shows that the company is efficient in doing the credit sales and gives goods on credit only to those consumers who can give the debt back.
The manager or the owner can decide that they can do more credit sales as there is less chance of it becoming worse. If a company has a high amount of accounts receivable and a high amount of bad debts then it shows that the company is inefficient in doing the credit sales and gives goods on credit to consumers without a surety of getting the debt back.
The manager or the owner can decide that they cannot do more credit sales as there is more chance of it becoming worse.
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Answer:
D. Operating income
Explanation:
Multiple-step Income statement shows separately Income generated from Primary Activities and that including secondary Activities.
Profit Reported from Primary Activities (including Selling and Administrative expenses ) is known as Operating Income. Whilst Profit including Finance Costs and other Secondary Incomes and expenses is called Net Income.
Answer:
The correct answer is letter "C": Each batch of production, known as a job or lot.
Explanation:
Job order cost systems are used to accumulate the cost per unit of items that are different enough, each one having significant costs. Under this costing system each item produced is given its direct material costs, labor costs, and overhead. Clothing, food, and aircraft manufacturing companies use the job order cost system.
<em>Unitary costs are accumulated per batch of productions under this type of costing system.</em>