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2 years ago

Which savings account will earn the most interest?

Business

1 answer:

mestny [16]2 years ago

3 0

Answer:

it would be 10,000 for 4.00% interest for 4 years.

Explanation:

the reason is the amount would turn out at 10,824 dollars and you earned 824 dollars in income.

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On January 1, 2021, G Corporation agreed to grant all its employees two weeks paid vacation each year, with the stipulation that

Julli [10]

Answer: $20,000

Explanation: This question deals with Compensated Absence.

A compensated absence refers to paid holidays and other paid time off. According to accounting principles, expenses are recognized in the same period they are incurred. When it comes to compensated absences that are deferred to a later year (or period), the amount must be recorded as a liability in the year they are incurred.

Because of this, $40,000 (an average of $800 per week for a total of 500 vacation weeks) will be charged to 2021 expense as a liability.

The amount of salaries expense related to 2022 compensated absence is the average 5% pay rise in 2022.

The amount is therefore 5% X $800 X 500 weeks = $20,000

6 0

3 years ago

Effect of Inventory Errors During the taking of its physical inventory on December 31, 20Y3, Sellers Company incorrectly counted

Illusion [34]

Answer:

Cost of goods sold = overstated : $24,265

Current assets = understated : $24,265

Gross profit = understated : $24,265

Inventory = understated : $24,265

Net income = understated : $24,265

Stockholders' equity = understated : $24,265

Total assets = understated : $24,265

Explanation:

Inventory was understated by $24,265 ($327,560 - $303,295). Since inventory is an Asset, also it is a Income Statement element and consequently affects Retained Earnings (Distributions to Shareholders) , the effect is shown above.

3 0

3 years ago

The present value of a zero-interest-bearing note given for property, goods, or services should be measured by A : using the pri

morpeh [17]

I think the answer is A. I THINK the answer is A

8 0

3 years ago

Frieda Inc. is considering a capital expansion project. The initial investment of undertaking this project is $105,500. This exp

Nana76 [90]

Answer:

WACC = 0.18 or 18%

Option b is the correct answer.

Explanation:

The WACC or weighted average cost of capital is the cost of a firm's capital structure that can contain one or more of the following components, namely debt, preferred stock and common equity. The formula to calculate the WACC is as follows,

WACC = wD * rD * (1-tax rate) + wP * rP + wE * rE

Where,

w represents the weight of each component

D, P and E represents debt, preferred stock and common equity respectively

r represents the cost of each component
rD * (1-tax rate) represents the after tax cost of debt

WACC = 0.2 * 0.16 + 0.8 * 0.185

WACC = 0.18 or 18%

7 0

3 years ago

5. Destiny is asked if she wants to open a Macy's credit card on the spot when she is checking out.

Zielflug [23.3K]

B because is B I now it is

5 0

3 years ago