Answer:
In order to determine the Macauly we must complete the following table:
period cash flow PV of Period x
cash flow PV cash flow
1 $3 $2.91 $2.91
2 $3 $2.83 $5.66
3 $3 $2.75 $8.25
4 $3 $2.67 $10.68
5 $3 $2.59 $12.95
6 $3 $2.51 $15.06
7 $3 $2.44 $17.08
8 $103 $81.31 $650.48
Total $723.07
Macauly duration = $723.07 / $87 = 8.31
Modified Macauly duration = Macauly duration / (1 + r) = 8.31 / 1.03 = 8.07
Answer:
Explanation:
In the classified balance sheet, we summarize the asset and liabilities into various types
Like assets are divided into fixed assets, current assets, and intangible assets.
Likewise, liabilities are also divided into current liabilities, long term liabilities
In every balance sheet, the accounting equation is used that means
Total assets = Total liabilities + Shareholder equity
The preparation of the classified balance sheet for Evan McGruder, Inc. on June 30, Year 3 is presented in the spreadsheet. Kindly find the attachment below:
Answer:
The Journal entry is as follows:
Salary Expenses A/c Dr. $33,000
To social security Payable A/c $1,980
To Medicare tax Payable A/c $495
To Federal Tax Withholding Payable A/c $5,940
To Salary & Wages Payable A/c $24,585
(To record the period's payroll)
Considering the available options, the one that is Life Instinct is "<u>Pleasure oriented."</u>
<h3>What is Life Instinct?</h3>
Life Instinct is a term used to describe the activities of humans that are conducted towards survival.
<h3>Examples of Life Instinct</h3>
- Sexual instincts
- Drive to live
- Basic instinctual impulses like thirst and hunger, etc.
Hence, in this case, it is concluded that the correct answer is option D. "<u>Pleasure oriented."</u>
Learn more about Life Instinct here: brainly.com/question/9004069
