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1 answer:

daser333 [38]3 years ago

3 0

Explanation:

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Madison Company's perpetual inventory records indicate that $875,300 of merchandise should be on hand on October 31. The physica

Trava [24]

Answer:

Madison Company's Journal entry

Dec. 31

Dr Cost of Merchandise Sold 93,400

($875,300-$781,900)

Cr Merchandise Inventory 93,400

Explanation:

If the perpetual inventory records $875,300 of merchandise while the physical inventory indicates $781,900 which means we have to deduct $781,900 from $875,300 which made us to arrived at $93,400 as Debited Cost of Merchandise Sold and as Credited Merchandise Inventory .

4 0

3 years ago

An initial investment of $930 is appreciated for 19 years in an account that earns 6% interest, compounded continuously. Find th

Hunter-Best [27]

The amount of money in the account at the end of the period will be $2907.89.

<h3>What is the investment?</h3>

The dedication of an asset to achieve a gain in value through time is referred to as an investment.
Investment necessitates the sacrifice of a current item, such as time, money, or effort.
The goal of investing in finance is to earn a return on the invested asset.
A gain (profit) or loss realized through the sale of a property or investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a mix of capital gain and income, may constitute the return.

<h3>To find the amount of money in the account at the end of the period:</h3>

Step 1: Define

Identify variables

P = 930

t = 19

r = 6% = 0.06

Step 2: Find Interest

Substitute in variables [Compounded Continuously Formula]: $A=930e^{} ^{19*0.06}$