Answer:
Explanation:
had a good chuckle ty loll /gen
Answer:
The answer is 8 years
Explanation:
FV= PV(1+r)^n
Where
PV= let's assume PV is $100
FV = Since FV will be doubled, the we have $200($100 x 2)
n= ?
r= 9percent
Let us use the rule of 72 which states that an investment will double when:
Annual Investment Rate x Number of Years = 72.
Number of years = 72/9
= 8 years
The investment is doubled in 8 years at the rate of 9percent
Answer:
Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks
Explanation:
Answer:
$84,150
Explanation:
Given that
Sale amount = $85,000
Terms = 1% discount is given it payment is made within 15 days and the total credit period allowed is 30 days
The computation of the amount of account receivable that should be recorded is shown below:
= Sale amount - sale amount × discount rate given
= $85,000 - $85,000 × 1%
= $85,000 - $850
= $84,150
Simply we deduct the discount period from the sales amount so that the accurate value could come