Answer:
The journal entry should be:
November 1, 2013, six months of rent paid in advance
Dr Prepaid rent 4,260
Cr Cash 4,260
Assets = liabilities + equity
cash prepaid rent
-$4,260 $4,260 $0 $0
Revenues - Expenses = Net income
$0 $0 $0
This operation represents an operating cash flow activity.
Answer:
investment after 6 years = $129.80
Explanation:
given data
invested = $110
simple interest = 3%
period = 6 years
to find out
How much will his investment be worth after 6 years
solution
first we get here interest that is express as
interest = invested amount × rate × time ..................1
interest = $110 × 3% × 6
interest = $19.8
and
investment after 6 years = invested amount + interest .................2
investment after 6 years = $110 + $19.8
investment after 6 years = $129.80
THE LEADER . as you are leading some <span>physicians.
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Answer:
She should take out a loan with a loan of 5 years period. In the cost and benefit term, it would better to take out the shorter loan period because automobile price tends to decrease in the following year after it has been bought. However, Carmen will not be able to fulfill the 4-year loan payment for each month, because the average auto loan interest rate for a person with 620 credit score is 9.48%. Carmen able to pay 7.72% ((48 x 150)-(8,500-3,000))/(8,500-3,000) interest on 4-year loan and 12.72% ((60 x $150)-($8,500-$3,000))/($8,500-$3,000) on 5-year loan. It would be a safe decision to choose the 5-year loan because Carmen still able to pay the loan interest.
Explanation:
Answer:
The present value for each year is calculated at 4% interest. In this question the present value be the sum of the cash deposits plus the interest for each year.
Present Value
= Sum of cash deposits for each year + Interest for each year
= 23100 + 9240
= 32340
Explanation:
To calculate the sum of the cash deposits, add the deposit for each year.
(Year 1 to Year 21 = 23100)
To calculate the interest for each year, take the cash deposit for the year and multiply it by 4%. (Year 1 to Year 21 = 9240)
Refer to the attached spreadsheet to assist with the calculations and the answer given above.