Answer:
Increase on cost of goods sold by $215, decrease in merchandize by $215.
Explanation:
With regards to the above information, the cost of goods sold will increase by $215, while the merchandize value would also decrease by $215.
Here, the books will be even out so that it would show there was a shrinkage at year end and beyond that which was purchased to have taken place.
Answer: Option A
Explanation: The given case relates to the problem of dissolution of partnership and not the dissolution of firm.
In case of dissolution of partnership only the existing agreement among the partners ceases to exist due to leaving or joining of new partners and a new agreement takes place among the existing partners.
In such a case, the account balance of the partner remains same. It changes in case of dissolution of firm.
Hence the correct option is A.
Cleaning up a park, free car wash, volunteer at the soup kitchen
A and C
Life insurance and auto insurance increases with age.
Answer:
(A) 11.3% (B) $430,000
Explanation:
There seems to be an error in the compounding equation written as A(t) = 50,000(1.055)2t.
Compounding the semi annual return, the equation should be

where t is the number of years.
The equation is similar to the first expected that 1.055 is raised to the power of (2t) and not multiplied by it.
(A) Compounding at 5.5% semi-annually, the equivalent annual growth rate is computed as follows.
= 
= 1.113025 - 1
= 0.113025 = 11.3025%
= 11.3% (to the nearest tenth of a percent).
(B) In 20 years, the investment will be worth
(where t=20)
= 
= 
= 50,000 * 8.5133
= $425,665
= $430,000 (to the nearest ten thousand dollars)