Answer:
$3,770.53
Explanation:
Given data;
Amount Hailey invested = $2,100
annual interest rate = 8 Percent for 30 years ending 20 years from now
Aidan can make an investment for 20 years at 9 percent.
To determine how much money Aidan should invest in order to have the same amount of money in 20 years as Hailey =
First, is to determine how much Hailey will have 20 years from now:
FV20 = PV -10 × (1 + i)³⁰
FV20 = $2,100 × (1 + 0.08)³⁰
= $2,100 × 10.06266
= $21,131.59
Therefore, Aidan will have to deposit:
PV = FV20 ÷ (1 + i)N
PV = $21,131.59 ÷ (1 + 0.09)²⁰
= $21,131.59 ÷ 5.60441
= $3,770.53
Answer:
To create a new blank document:
Click the Microsoft Office button.
Select New. The New Document dialog box appears.
Select Blank document under the Blank and recent section. It will be highlighted by default.
Click Create. A new blank document appears in the Word window.
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Answer:(a) $8,900
(b) -($4,200)
(c) -($13,100)
(d) -($13,100)
Explanation:
Given that,
Amount invested by shareholders = $230,000
Debt securities purchased for cash = $101,000
Received cash interest on securities = $8,900
unrealized holding loss on these securities = $13,100
(a) Net Income = $8,900(Cash interest received)
(b) Comprehensive Income = Net Income - unrealized holding loss
= $8,900 - $13,100
= -($4,200)
(c) Other Comprehensive Income = unrealized holding loss
= -($13,100)
(d) Accumulated other comprehensive income:
Ending Balance of other comprehensive income = Beginning Balance + During this year
= $0 + (-$13,100)
= -($13,100)
Answer:
The correct answer is D. a meeting of three of the five commissioners of the Federal Aviation Administration.
Explanation:
Sunshine laws are regulations that require openness in government or business. Sunshine laws make public meetings, records, voting, deliberations and other official actions available for observation, participation and / or inspection. Sunshine laws also require that government meetings be held well in advance and at times and locations that are convenient and accessible to the public, with exceptions for emergency meetings.
In some cases, an event or document that would normally be accessible through the laws of sunlight is closed to public access (as a legally protected matter currently under investigation), but the laws of sunlight are supposed to minimize these exceptions. . Sunshine's laws also differentiate entities that are subject to laws from those that are not. For example, any entity with authority to create binding laws would be subject to the law, but an advisory committee that lacks such authority may not be subject to the laws of sunlight, even if it deals with matters related to government.
Answer:
d. a meeting of three of the five commissioners of the Federal Aviation Administration.
Explanation:
Federal Sunshine law was passed in the U.S in the year 1976. It's sole purpose was to ensure that there is transparency in the federal government. This law applies to a country, state, political subdivisions and it makes meetings, voting, records and other official actions available to the public to observe, participate and inspect.
The meeting that would be subject to the open-meeting provisions of the federal sunshine laws would be a meeting of three of the five commissioners of the Federal Aviation Administration.
Answer:
Gross income refers to the income of an individual before taxes or any other deductions. It includes all type of income from all sources.
The list is as follows:
a. Excluded from
b. Included in
c. Included in
d. Excluded from
e. Excluded from
f. Included in
g. Included in
h. Included in
i. Included in
j. Excluded from
Answer:
$800
Explanation:
The computation of the remaining balance in the Prepaid Rent account after the adjustment was is shown below:-
Remaining balance = Prepaid rent - Rent expense
= $1,200 - ($1,200 × (1 ÷ 3))
= $1,200 - $400
= $800
Therefore for computing the remaining balance in the Prepaid Rent account we simply applied the above formula.
Sterling Company should debit Rent Expense and credit Prepaid Rent by $400 for April. The remaining balance in the Prepaid Rent account after the adjustment would be $800.
Sterling Company has prepaid its rent for 3 months, which means that $1,200 is paid for the months of April, May, and June. To calculate the monthly rent, divide the total by the number of months, so each month costs $1,200 / 3 = $400. Therefore, at the end of April, Sterling Company should debit Rent Expense and credit Prepaid Rent by $400 to account for the rent that expired during April. After this transaction, the balance in the Prepaid Rent account would be $1,200 - $400 = $800, which is the prepaid rent for May and June that is not used yet. The adjusting entry records the expiration of prepaid expenses and increases the accuracy of the financial statements.
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