Answer:
FV = 2,621,048.23
Explanation:
we will calcualte the future value of an annuity with an geometric progression:
g 0.03
r 0.092
C 5,356 ( we will save next year (52,000 x 1.03) the 10% )
n 39 (we start saving next year)
FV = 2,400,227.319
As we deposit at the first day of the year this will be an annuity-due so we will multiply by (1 +r)
FV = 2,621,048.23
Answer:
Lack of growth
Explanation:
Emily jones, a junior design artist with a studio called eye for design, was known to be very good at her job. she had a lot of experience from working on numerous projects and she often mentored new employees successfully. she was paid well and her colleagues and peers, some of whom emily knew for four years, appreciated her helpful and lively nature. it came as a surprise to everyone when emily resigned after the recent round of annual appraisals. during her exit interview, emily said that the only reason that she was taking this move was because she had a strong feeling that she was stagnant in her career. her reason for leaving is the lack of growth in her job in this company.
A strong feeling of being stagnant is normally a sign that the growth process has been truncated., because Emily didnt seem to be learning anything new
Answer:
$5,000
Explanation:
Given that,
Accounting profit = $10,000
Interest rate = 5%
Amount withdraw = $100,000
The economic profit is calculated by subtracting implicit costs and explicit costs from the total revenue.
Accounting profit is determined by subtracting explicit costs from the total revenue.
Accounting profit = Total revenue - Explicit costs
Economic profit:
= (Total revenue - Explicit costs) - Implicit costs
= $10,000 - (Interest income)
= $10,000 - (5% × $100,000)
= $10,000 - $5,000
= $5,000
Answer:
1. He has not developed the idea yet
2. His employer knows he his a pacifist so he has the delima is he ethically correct to not develop a product that can be used for warfare.
Explanation:
In this scenario Ben signed an agreement with his employer that all ideas he has developed on the job and while working with the company is a property of the company.
This is a common agreement that gives a company property rights over work developed by their employees.
However since Ben is a pacifist he has an ethical dilemma when he has an idea that can weaponize an ultrasonic range-finding device.
He is justifying his decision by saying the idea has not been developed yet and his employer will not expect him to develop such technology since he is a pacifist.
Answer:
B. Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500
Explanation:
Lets consider all the other options to eliminate them from our choice
Option A: The entry provided debits the vacation benefits expenses and credits the prepaid vacation benefits. The liability for the vacation credit earned by the employees during the month needs to be recorded so this is not an adjustment of an advance vacation benefit.
Option C: The required entry has nothing to do with taxes so not relevant.
Option D: The entry is to record the liability for vacations earned by the employees so an expenses has to be recorded.
Option E: The option reduces the liability and reduces the expenses which is against the requirement of the question
