Answers
The Net Income for 2018 after all income and money used will be $320.40.
Total Sales = $3,060
Receiving goods price =$ 1,800
Total Money used = $600
Earnings before = $660
Money used = $126
Earnings before =$ 534
40% =$ (534 × 40%)
=$ 213.60
Net Income for 2018 = $320.40
What is Net Income?
The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.
So, The correct option is C.
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Related Questions
you open an investment account that earns a nominal interest rate of 3.1% per year. the current consumer price index is 205. in one year, the consumer price index is expected to go to 203. what is your expected real rate of return?
Answers
The expected rate of return is 4.08%. The right response is option D
Which projected return rate is ideal?
For long-term stock market investments, the majority of investors would consider an average annual rate of return of 10% or above to be a decent ROI. Just remember that this is an average. There will be years with reduced returns, or even negative returns.
The anticipated value of a financial investment's return is known as the expected return. It is a measurement of the random variable's distribution's centre, which is the return. Although the term "good" is arbitrary, many professionals believe that a good ROI for stock investments is 10.5% or higher. This figure serves as the industry standard because it represents the average return of the S&P 500, an index that measures the general health of the American stock market.
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Correct Question - You open an investment account that earns a nominal interest rate of 3.1% in every year. The current consumer price index is 205. In one year, the consumer price index is expected to go to 203. What is your expected real rate of return?A) 7.12%B) 3.1%C) -0.98%D) 4.08%
The manufacturer of the X-15 steel-belted radial truck tire claims that the mean mileage the tire can be driven before the tread wears out is 60,000 miles. Assume the mileage wear follows the normal distribution and the standard deviation of the distribution is 5,000 miles. Crosset Truck Company bought 48 tires and found that the mean mileage for its trucks is 59,500 miles. Crosset would like to know if their experience is different from the manufacturer’s claim.
a. State the null hypothesis and the alternate hypothesis.
b. State whether the decision rule is true or false: Reject H0 if z < −1.96 or z > 1.96 using a 0.05 significance level.
multiple choice 1
True
False
c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places.)
d. What is your decision regarding H0?
multiple choice 2
Reject H0
Do not reject H0
e. What is the p-value? (Round z value to 2 decimal places and final answer to 4 decimal places.)
f. Is Crosset's experience different from that claimed by the manufacturer at the 0.05 significance level?
multiple choice 3
Yes
No
Answers
Using the z-distribution, it is found that:
a. The hypothesis are given as follows:
Null: [tex]H_0: \mu = 60000[/tex].Alternative: [tex]H_1: \mu \neq 60000[/tex].b. The decision rule is True.
c. The test statistic is of z = -0.69.
d. The null hypothesis is not rejected.
e. The p-value of the test is of 0.4902.
f. His experience is not different from that claimed by the manufacturer.
What are the hypothesis tested?At the null hypothesis, it is tested if the mean is of 60,000 miles as claimed, hence:
[tex]H_0: \mu = 60000[/tex].
At the alternative hypothesis, it is tested if the mean is different of 60,000 miles, hence:
[tex]H_1: \mu \neq 60000[/tex].
Decision ruleWe have a two-tailed test, as we are testing if the mean is different of a value, with a significance level of 0.05, meaning that the critical value is of |z| = 1.96, thus the decision rule is:
|z| > 1.96: Reject the null hypothesis.|z| < 1.96: Do not reject the null hypothesis.Test statistic and decisionThe test statistic is given according to the following equation:
[tex]z = \frac{\overline{x} - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]
In which the parameters are described as follows:
[tex]\overline{x}[/tex] is the sample mean.[tex]\mu[/tex] is the value tested at the null hypothesis.[tex]\sigma[/tex] is the standard deviation of the population.n is the sample size.In the context of this problem, the values of these parameters are as follows:
[tex]\overline{x} = 59500, \mu = 60000, \sigma = 5000, n = 48[/tex]
Hence the test statistic is calculated as follows:
[tex]z = \frac{\overline{x} - \mu}{\frac{\sigma}{\sqrt{n}}}[/tex]
[tex]z = \frac{59500 - 60000}{\frac{5000}{\sqrt{48}}}[/tex]
z = -0.69.
Since the absolute value of the test statistic is less than 1.96, the null hypothesis is not rejected, and his experience is not different from that claimed by the manufacturer.
P-valueUsing a z-distribution calculator, with z = -0.69 and a two-tailed test, the p-value of the test is of 0.4902.
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One of your classmates would like to open a food delivery service in town. This service would allow people to buy lunch or dinner through an app from a list of restaurants. She’s in the early stages of her analysis and she is asking your advice on possible ways to collect the of data that she can use. What kind of resources would you direct her to? Why?.
Answers
Answer:
air
Explanation:
fresh foood to because
Esteban is the operations manager of a clock manufacturing company. He develops a few quality check procedures that would help the workers identify incorrect
placing of clock faces. After discussing with his team, he decides to incorporate these procedures in the work flow. In this scenario, Esteban follows the total quality
management (TQM) approach by using_?
Answers
Esteban employs the total quality management (TQM) approach in this scenario by utilizing poka-yokes.
What exactly is total quality management (TQM)?
Total quality management (TQM) is the continuous process of detecting and reducing or eliminating manufacturing errors, streamlining supply chain management, improving the customer experience, and ensuring that employees are properly trained.
Total quality management seeks to hold all parties involved in the manufacturing process accountable for the overall quality of the final product or service.
What is the Purpose of Total Quality Management?
TQM oversees all activities and tasks required to maintain a desired level of excellence within a business and its operations. This includes establishing a quality policy, developing and implementing quality planning and assurance, as well as quality control and quality improvement measures.
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create a slideshow presentation about the career. Your presentation should include the following:: The name of the career Some information you learned from the video Some information you learned from your own research Education a person needs to get this type of job Skills a person needs to get this type of job How people in this job use technology
pls help
Answers
The name of the career is Data Scientist.
A Data Scientist's job is to analyze the data for the actionable insights. So here, they have the specific tasks included which they have to perform, which are - identifying the data-analytics problems which tends to offer the greatest opportunities to the organization. Also, determining the correct data sets and variables.
Data Science is indeed a very good career with tremendous opportunities for major advancement in the future. Thus, it is seen that already, demand is high, the salaries are as well competitive, and the perks are numerous.
Hence, Data Science requires various other skills.
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What doesn't a will list or designate?
A.the executor
B. End of life wishes
C. Assets and property
D. Beneficiaries
Answers
Answer:
Executor
Explanation:
The executor is not part and parcel of the executed plans
an example of a regressive tax is
Answers
Answer:
Taxes on most consumer goods, sales, gas, and Social Security payroll.
Due to the pandemic, some states guidelines allow pools to open at 25% capacity. discuss how this restriction will affect operating costs per swim (average cost) and its effect on profitability.
Answers
This restriction will negatively affect swimming's operating costs, increasing them in relation to revenue and reducing the clubs' profitability.
What affects a company's operating costs?The average cost of an organization is directly influenced by its activities, that is, its production, products and services. Such expenses correspond to those derived from the organizational routine, such as expenses with infrastructure, transport and the cost of goods or services sold.
Operating costs then correspond to administrative, sales and general expenses that occur for the perfect flow of the company. The average or operating cost of a company is calculated from the average of expenses in relation to the average of acquisition of products or services.
Therefore, in a situation where there is only 25% of the site's capacity used, average costs will increase, while profitability will be reduced as it will not be compensated for by the expenses.
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In which part of the supply chain do you find the most employee?
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One of this system's most crucial components is production. Only when all the other supply chain elements work together harmoniously is it feasible. It is crucial to have good planning, a steady supply of employee commodities, and a well-maintained inventory before the production process can begin.
Directors of the supply chain contribute to the development of the business infrastructures required to ensure the efficiency of the supply chain. To ensure that their business can receive and send its products, leaders in this industry must connect with employee and distributors. The supply chain may become faster, more effective, and more efficient than ever before with great communication.
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With public funding, the private space research organization, Expansive Vistas, has begun the process of building a launch site for their new Space Y commercial rocket. They have chosen the North Miami Area as the perfect location for their launch site as Miami meets a few of their needs:
Expansive Vistas's Talking points:
Miami is a tourist destination and Expansive Vistas has plans to move from space research to space tourism, Miami is located on the East coast close to the equator which reduces the amount of fuel needed to propel rockets into space and their is less likelihood of debris damage, and Miami already has the infrastructure needed to build the launch point quickly.
- how would it affect the Miami area residents?
Answers
The rocket would affect the Miami area residents because the rocket engines will produce pollution into the atmosphere which can be perceive as a combustion-driven propulsion.
What is the effect of the rocket to the environment?The effect of the rocket to the environment can be varied base on the propellance of it however, Rocket engines do bring about the release of the trace gases into the atmosphere.
And as a result of this it add a negative contribution to ozone layer which bring about the depletion of the layer as a result of the particles of soot that is been generated.
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What was the largest deduction for this pay period? ngpf
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The largest deduction for a pay period is the B. Federal tax.
What is the Federal tax about?The Internal Revenue Service (IRS) levies a tax on the annual earnings of individuals, businesses, trusts, and other legal entities in the United States.
Wages, salaries, commissions, bonuses, tips, investment income, and certain types of unearned income are all subject to federal income taxes as part of a taxpayer's taxable income.
Individual federal income tax rates in the United States are progressive, which means that as taxable income rises, so does the tax rate. Federal income tax rates range from 10% to 37% and are levied at various income levels. Tax brackets are the income ranges to which the rates apply. Income in each tax group is taxed at the associated rate.
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What was the largest deduction for a pay period?
Medicare Tax
Federal Tax
State Tax
Retirement
Sales during the year were 500 units. Beginning inventory was 250 units at a cost of $5 per unit. Purchase 1 was 400 units at $6 per unit. Purchase 2 was 200 units at $7 per unit.
Cost of goods sold under the FIFO cost flow assumption (using a periodic inventory system) was:
$2,300.
$2,750.
$3,200.
$3,650.
Answers
Cost of goods sold under the FIFO cost flow assumption (using a periodic inventory system) was $2,750.
Sales during the year = 500 units
Beginning inventory = 250 units at a cost of $5 per unit
Cost of goods sold in beginning inventory = 250 x $5 = $1,250
Because FIFO (First in, first out) method assumes all of the older inventory is sold first,
So, 250 units of Purchase 1 (out of total 400 units) would have been sold.
Cost of goods sold in Purchase 1 = 250 x $6 = $1,500
Total cost of goods sold under the FIFO cost flow assumption (using a periodic inventory system) = $1,250 +$1,500 = $2,750
Companies use the first in, first out (FIFO) method to calculate the cost of goods sold or COGS. The FIFO method assumes that the products which are purchased first by the company are the products which are sold first.
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if an organization's board of directors were to set aside assets to be used for replacement of plant and equipment, where would this be reflected on the balance sheet?
Answers
Answer: Assets Limited as to Use
Explanation: These are unrestricted assets whose use is limited by the governing board or contracts or agreements with outside parties other than donors or
Identify at least 3 behavioral concerns you think are important to delivering a successful D&I initiative
Answers
The 3 behavioral concerns which are important in delivering a successful D&I initiative are, offer meaningful opportunities or employee engagement, communicate clearly and create employee-led task forces, and create mentorship programs.
A D&I initiative is an important way in order to address the current shortcomings of an organization's workforce. Thus, managing a company's diversity and inclusion moments in the global workplace is, in many ways, an unmapped territory.
So, there are certain behavioral concerns which are important in delivering a successful D&I initiative. Diversity and inclusion metrics can be used in order identify risk areas, prioritize initiatives, etc.
Hence, diversity and inclusion initiatives benefits a company.
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if the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. this is known as ________________.
Answers
Answer:
Explanation:
If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied by an amount known as excess demand or deficit supply. This is known as price ceiling.
if the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. this is known as excess demand or deficit supply. This is known as the price ceiling.
What is Equilibrium?When economic forces are in balance, there is said to be an economic equilibrium. In the absence of outside influences, economic variables essentially hold true to their equilibrium levels. Market equilibrium and economic equilibrium are two different concepts.
Market equilibrium is described as the price at which supply and demand are equal in basic microeconomics. As a result, it is a location where the theoretical supply and demand curves.
hence, if the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. this is known as excess demand or deficit supply. This is known as the price ceiling.
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Dana and his manager have discussed expanding Dana’s role and responsibilities in the company. What written agreement could establish and legally bind the parameters of Dana’s new position?
A. Covenant
B. Business ownership
C. Business incorporation
D. Contract
Answers
A written agreement that could establish and legally bind the parameters of Dana’s new position is known as a Contract.
What is an employment contract?In law, an employment contract refers to a type of contract used in labour law to attribute certain rights and responsibilities between the parties to a bargain. Such a contract is normally between the employee and employer.
An employment contract arisen out of the old master-servant law which was used before the 20th century.It relies on the concept of authority in a situation where the employee agrees to accept the authority of the employer and in exchange the employer agrees to pay the employee a stated wage.
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compounding with different interest rates a deposit of $440 earns interest rates of 8.4 percent in the first year and 10.4 percent in the second year. what would be the second year future value?
Answers
At the end of the first year, the value was $915.49, which was multiplied by 110.3% in the second year.
What does a 5% CAGR represent?An investment might, for instance, see a value increase of 8% in one year, a value decrease of -2% the following year, and a value increase of 5% the following year. When growth rates are anticipated to be unpredictable and erratic, CAGR aids in smoothing returns.
Are you familiar with Rule 72?It's a simple method for computing exactly what amount of time it will require for your cash to twofold. Simply divide the number 72 by the anticipated interest rate. You can use that number to estimate how many years it will take for your investment to double.
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abc corporation uses an activity-based costing system with three activity cost pools. the company has provided the following data concerning its costs and its activity-based costing system: costs: wages and salaries $ 320,000 depreciation 160,000 utilities 240,000 total $ 720,000 distribution of resource consumption: activity cost pools assembly setting up other total wages and salaries 50% 40% 10% 100% depreciation 10% 55% 35% 100% utilities 15% 50% 35% 100% how much cost, in total, would be allocated in the first-stage allocation to the assembly activity cost pool? group of answer choices $212,000 $176,000 $196,000 $160,000
Answers
The first-stage allocation to the assembly activity cost pool$336,000.
How to calculate?
estimating the first-stage allocation of costs to the Setting Up activity cost pool
Adding an amount
salaries and wages $128,000 [$320,000*40%]
Depreciation $88,000 (or $160,000 multiplied by 55%)
Services related to utilities $120,000 [$240,000*50%
Total $336,000
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An account that earns interest and is matched is _____.
A) an IDA
B) a basic savings account
C) savings account at a credit union
D) a money market
Answers
An account that earns interest and is matched is savings at a credit union. A savings account with interest.
What is a savings account?An essential sort of financial instrument is a savings account, which enables you to deposit funds and normally earns a moderate rate of interest. These accounts provide a safe location to keep your money while earning interest and are federally insured up to $250,000 per account owner.
Savings accounts come in a variety of varieties, and they are not all the same. Traditional savings accounts, high-yield savings accounts, money market savings accounts, certificates of deposit, cash management savings accounts, and specialty savings accounts are available.
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what a type of digital currency in which a record of transactions is maintained, new units of currency are generated by the computational solution of mathematical problems, and it operates independently of a central bank?
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A digital currency known as Bitcoin (BTC) keeps track of transactions, creates new units of currency by solving mathematical problems computationally, and is decentralized from a central bank.
What kind of digital currency is that?Digital currency comes in three flavors: cryptocurrencies, stablecoins, and CBDCs. A type of decentralized digital currency that isn't linked to any fiat money is called cryptocurrency. Its ledger systems are managed by cryptography, and the market decides how much it is worth. The first cryptocurrency was bitcoin.
Bitcoin BTC: Is it a wise investment?Incredibly volatile and hazardous, bitcoin. Undoubtedly, it would be a mistake to invest all of your savings in cryptocurrency. When investing in cryptocurrencies, if you're willing to take a chance, make sure you understand what you're doing and have a plan in place.
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which basis of accounting is used for the basic governmental functions of state and local governments? a. cash basis of accounting b. modified accrual basis of accounting c. accrual basis of accounting d. regulatory basis of accounting
Answers
Modified accrual basis of accounting is used for the basic governmental functions of state and local governments.
Elaborate on modified accrual basis of accounting.A different bookkeeping technique called modified accrual accounting combines accrual basis accounting and cash basis accounting. With some exceptions, it records expenses when obligations are incurred and recognizes revenues when they are measurable and available. Modified accrual accounting is widely used by governmental organizations.
Transactions are recorded using the cash basis of accounting when money is exchanged. In the same way that expenses are not recorded until after they have been paid, neither is revenue. This implies that future liabilities or anticipated revenue are not recorded in financial accounts until the cash transaction has actually occurred.
As opposed to this, accrual accounting records revenue when a legal obligation is established and recognizes expenses as they are incurred, regardless of the status of the charges.
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Select the correct location on the graph.
Indicate the point where a monopoly will set its price.
Answers
Got it right on Edmentum! Hope it helps.
The point where a monopoly will set its price is indicated in the attached image.
What is a monopoly?A corporation has a monopoly when it is the sole manufacturer of a given industry's product with no real competition. A monopoly has complete market power and is able to establish prices above the marginal cost of the company.
The increase in total cost necessary to create an additional unit of the product is known as the marginal cost; the company can achieve positive economic gain by manufacturing more of the commodity and selling it for less.
Since it can satisfy everyone's needs, a producer in a natural monopoly holds influence over the market. When a producer has a government monopoly, commercial production is prohibited and the producer has complete control over the market.
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Which business activity ensures that the business will have goods to sell?
Answers
Answer:
inventory maintenance
Explanation:
This ensures there is apt bookkeeping as well as checked stock.
2. Using the aggregate expenditure function above, what would be the level of real GDP if the aggregate expenditure function shifted up by $0.2T?
Answers
Aggregate expenditure is a macroeconomic instrument used to assess and evaluate a country's total economic activity or total output.
What is expenditure?Given a utility function and the prices of accessible items, the expenditure function in microeconomics gives the smallest amount of money that individual needs to spend to acquire some level of utility.
The expenditure function is related to the indirect utility function in that it specifies the smallest amount of money or income that an individual must spend in order to acquire a certain degree of utility.
Similarly to GDP and national income, aggregate expenditure measures a country's overall spending at a given point in time.
Note that an overview was given as the information is incomplete.
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1. Why a company choose to develop a business plan?
2. What are the key steps in developing a business plan?
3. What are the common components of a business plan?
Answers
1 answer: It will help you steer your business as you start and grow. Think of a business plan as a GPS to get your business going. A good business plan guides you through each stage of starting and managing your business. You'll use your business plan like a GPS for how to structure, run, and grow your new business.
2 answer: Here are six key steps that can lead to an effective plan for your business:
Step 1: Establish your mission. In essence, your mission statement explains why your business exists. ...
Step 2: Analyse your SWOT. ...
Step 3: Develop a plan. ...
Step 4: Create a budget. ...
Step 5: Put it in writing. ...
Step 6: Make it a living document.
3 answer: Main Components of a Business Plan
Executive summary. This is your five-minute elevator pitch. Business description and structure. This is where you explain why you're in business and what you're selling. ...Market research and strategies. Management and personnel. Financial documents.Hope this helps!
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When a market is monopolistically competitive, the typical firm in the market can earn?
Answers
Answer:
Individual companies will no longer be able to sell their products at above-average cost. Companies in monopolistic competition will earn zero economic profit in the long run.
Individual businesses won't be able to continue charging more than average for their goods. Companies engaged in monopolistic competition will ultimately experience no economic profit.
What is monopolistically competitive?Monopolistic competition occurs when numerous companies offer comparable but subpar alternatives to each other's goods or services. The barriers to entry are low in monopolistic competitive industries, and decisions made by one firm do not immediately affect those of its competitors.
A monopoly is a type of imperfect competition in which a producer or seller captures the majority of the market due to the lack of substitutes or competitors. Monopolistic competition, a form of imperfect competition, is when several providers battle it out for the same market share by differentiating their products.
Thus, Individual businesses won't be able to continue charging more than average for their goods.
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Which of the following should be considered last when searching for financing? Question 6 options: Family members Banks Commercial finance companies Credit cards
Answers
Answer:
Credit cards
Explanation:
Fanning Boards produces two kinds of skateboards. Selected unit data for the two boards for the last quarter follow:
Basco Boards Shimano Boards
Production costs
Direct materials $ 24.50 $ 37.00
Direct labor $ 30.50 $ 52.00
Allocated overhead $ 15.25 $ 19.00
Total units produced and sold 4,500 8,500
Total sales revenue $ 389,250 $ 1,062,500
Fanning allocates production overhead using activity-based costing. It allocates delivery expenses and sales commissions, which amount to $56,500 per quarter, to the two products equally.
Required
Compute the per-unit cost for each product.
Note: Do not round intermediate calculations round your answers to 2 decimal places.
Compute the profit for each product.
Answers
1) The per-unit cost for each product for Fanning Boards is as follows:
Basco Boards Shimano Boards
Per unit cost $76.53 $111.32
2) The profit for each product for Fanning Boards is as follows:
Basco Boards Shimano Boards
Profit per product $44,875 $116,250
What is the profit?The profit is the difference between the total sales revenue and the total cost for each product category.
What is the per-unit cost?The per unit cost is the quotient of the total costs divided by the total production and sales units for each product category.
Production costsBasco Boards Shimano Boards
Direct materials $ 24.50 $ 37.00
Direct labor $ 30.50 $ 52.00
Allocated overhead $ 15.25 $ 19.00
Total production costs per unit $70.25 $108.00
Total units produced and sold 4,500 8,500
Total delivery expenses and sales commission = $56,500
Total production costs per unit $70.25 $108.00
Total delivery costs per unit $6.28 $3.32
Total cost per unit $76.53 $111.32
Total sales revenue $ 389,250 $ 1,062,500
Total production costs $316,125 $918,000
Fixed costs: Delivery &
Sales Commission 28,250 28,250
Total costs $344,375 $946,250
Profit per product $44,875 $116,250
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You are to enter up the necessary Ledgers for the month of June from the following details, and then balance off the accounts and extract a trial balance as at 30th June 2021 Started firm with capital in cash Kshs. 750,000 Bought goods on credit from F. Kamau Kshs.16200, K. Musioka Kshs. 26100, G. Mutiso. Kshs.7500, M. Kim 22800 and F. Njoroge Kshs. 19200 Sold goods on credit to M. Coke Kshs.12000, T. Big Kshs. 18600 and K. Ngai June 1: June 2: June 4: June 6: June 9: June 10: June 12: June 15: June 18: June 21: June 30: Kshs. 52800 Paid rent by cash Kshs. 3600 M. Coke paid us his account by cheque Kshs. 12900 H. Muigai paid us Kshs. 45000 by cheque We paid the following by cheque G. Mutiso Kshs. 7500, F. Kamau Kshs. 6200 Paid carriage by cash Kshs. 6900 Bought goods on credit form K. Musioka Kshs. 129, M. Kim Kshs. 33000 Sold goods on credit to T. Big Kshs. 20100 Paid rent by cheque Kshs. 5400
Answers
Answer: A ledger is the principal book of account where we record all transactions of a business
the Trial balance is used to complete the dual aspect of any transaction and to ascertain the correctness of the ledger postings.
Explanation:
We first of all prepare a cash book to record all the cash transactions
Accounts to Debit:
30/6/2021 Capital 750, 000
M. Coke 12,900
H. Mugai 45,000
Accounts to Credit:
Rent 36,000
R. Mutiso 7500
F. Kamau 6200
Carriage 3600
rent 5400
Balance = 123,900 - 58,700 = Kshs 74,900
next is to prepare the purchases account as follows
F. kamau 16200
K. Musio 26100
G. Mutiso 7500
M. Kim 55,800
F. Noroge 19,200
K. Musaioka 129
Total purchases on credit 124929
Sales ledger Account
M. coke 12000
T. Big 38100
K. Ngal 52800
Total sales on credit 102900
Trial balance as at 30th June, 2021
Credit
Capital 750, 000
M. Coke 12,900 +12000
H. Mugai 45,000
T. big 38,100
K. Ngal 52800
Debit the following accounts
Rent 36,000
R. Mutiso 7500 + 7500
F. Kamau 6200 + 16200
Carriage 3600
rent 5400
K. Musio 26100
M. Kim 55,800
F. Noroge 19,200
K. Musaioka 129
Conclusion: the trial balance has shown various accounts to debit and those accounts to credit
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What is the future value of 9,541 invested for 29 years at a 0.02 rate?
Answers
Answer:
future value = $9596.50
Explanation:
FV = PV[1 + (i/12)]^12n