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G during january, time tickets show that the factory labor of $6,000 was used as follows: job 1 $2,200, job 2 $1,600, job 3 $1,400, and general factory use $800. prepare a summary journal entry to record factory labor used. (credit account titles are automatically indented when amount is entered. do not indent manually.)

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# Tag: account

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### Answered by answersmine AT 22/10/2019 – 02:35 AM

A cash payment received from a customer for a product purchased on account would be recorded as DEBIT TO CASH AND CREDIT TO ACCOUNT RECEIVABLE. Cash is debited because cash has been received by the company and it has to be debited to the asset account of cash. The account receivable is credited to record the fact that money has been received.

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Ryan was 8 when his parents invested $4000 in a certificate of deposit that pays 6%. if ryan leaves the account alone until it reaches $10,000, how old will he be? (assume that the interest is not compounded annually.)

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Find the balance in a $900 interest account after 10 years if the interest rate is 4.62%, compounded annually. $1,413.81 $941.58 $415.80 $4,158.00

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Franklin deposited $75 in a no-interest bank account when he opened it. After that, he deposits $50 per month in the account. Assume he makes no other withdrawls or deposits. The equation below can be used to find m, the number of months it take him to save a total of $175 . What number should he use as the coefficient of m ??

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A=p (1+r/k)^kt

A future value 10000

P present value 6000

R interest rate 0.0375

K compounded every two months 6

T time?

We need to solve for t

T= [log (A/p)÷log (1+r/k)]÷k

T=(log(10,000÷6,000)÷log(1+0.0375÷6))÷6

T=13.7 years

Round your answer to get

T=14 years

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The formula is

A=p (1+r)^t

A=2,000×(1+0.06)^(4)

A=2,524.95 ( future value )

Interest earned=A-p

Interest earned=2524.95-2000

Interest earned=524.95

Plan B

Use the simple interest formula

I=prt

I interest earned?

P principle 2000

R interest rate 0.13

T time 4years

I=2,000×0.13×4

I=1,040

The Answer is

Plan B; $1,040

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A bank offers a 4% annual interest rate for a savings account. Nathan puts $3,800 into an account to save for college. How much will be in the account after a year?

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Which of the following would be a good reason to place your money into a savings account? a. You can purchase stocks with a savings account b. A savings account earns interest c. You can write checks with a savings account d. You can use a debit card to make transactions

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### Answered by answersmine AT 22/10/2019 – 03:50 AM

S=60w+ 350. Because you get $60 times the amount of weeks,plus the first $350 she started with. She ends up with $1070 dollars because $60 x 12= 720, then you add the first $350 and get $1070. Hope this helped.

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Hope this helps!

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You invest $1600 into an account that pays an interest rate of 4.75 percent compounded continuously. Calculate the balance after seven years.

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How much money would need to be deposited into an account earning 5.25% interest compounded annually in order for the accumulated value at the end of 25 years to be $75,000? a. $20,243.85 b. $20,869.34 c. $57,142.86 d. $67,245.61

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deductions :

car payment : 203.34

gas bill : 96.67

debit card : 67.12

ATM : 30

total deductions : 203.34 + 96.67 + 67.12 + 30 = 397.13

deposits :

check : 1289.60

cash : 45

total deposits : 1289.60 + 45 = 1334.60

Balance to date : 986.24 + 1334.6 – 397.13 = 1923.71 <==

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r = 0.032 is the decimal form of 3.2%, which is the interest rate

n = 1 indicates we compound 1 time a year (compound annually)

t = 12 is the number of years

Those four values are plugged into the formula below

A = P*(1+r/n)^(n*t)

A = 2000*(1+0.032/1)^(1*12)

A = 2918.6792

A = 2919

Rounded to the nearest whole dollar, you’ll have about $2919 in the account

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Suzu has no right to deposits other’s people money into her own account. By Doing this, Suzu has violated the trust that given by the credit union.

In United States’ law, this type of behavior will be processed as a white collar crime and the punishment will be depended on the amount of money involved

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If you deposit $5,400 at the end of each of the next 25 years into an account paying 10.3 percent interest, how much money will you have in the account in 25 years

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You deposit $2000 each year into an account earning 6% interest compounded annually. How much will you have in the account in 35 years?

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If you put $1,500 in a savings account that pays 4% interest compounded continuously, how much money will you have in your account in 5 years? Assume you make no additional deposits or withdrawals. A. $3,286.68 B. $1,832.10 C. $1,824.98 D. $9,160.52

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Cumulative Pay $6,800 $10,500 $8,400 $66,000 $4,700

Pay subject to FICA S.S. $421.60 $651.00 $520.80 $4092.00 $291.40

6.2%, (First $118,000)

Pay subject to FICA Medicare $98.60 $152.25 $121.80 $957.00 $68.15

1.45% of gross

Pay subject to FUTA Taxes $40.80 $63.00 $50.40 $396.00 $28.20

0.6%

Pay subject to SUTA Taxes $367.20 $567.00 $453.60 $3564.00 $253.80

5.4% (First $7000)

Totals $928.20 $1,433.25 $1,146.60 $9,009.00 $641.55

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**The basis to respond this question are:**

**1) Perpedicular lines form a 90° angle between them.**

**2) The product of the slopes of two any perpendicular lines is – 1.**

So, from that basic knowledge you can analyze each option:

**a.Lines s and t have slopes that are opposite reciprocals.**

**TRUE. Tha comes the number 2 basic condition for the perpendicular lines.**

slope_1 * slope_2 = – 1 => slope_1 = – 1 / slope_2, which is what opposite reciprocals means.

b.Lines s and t have the same slope.

FALSE. We have already stated the the slopes are opposite reciprocals.

**c.The product of the slopes of s and t is equal to -1**

**TRUE: that is one of the basic statements that you need to know and handle.**

d.The lines have the same steepness.

FALSE: the slope is a measure of steepness, so they have different steepness.

e.The lines have different y intercepts.

FALSE: the y intercepts may be equal or different. For example y = x + 2 and y = -x + 2 are perpendicular and both have the same y intercept, 2.

f.The lines never intersect.

FALSE: perpendicular lines always intersept (in a 90° angle).

**g.The intersection of s and t forms right angle.**

**TRUE: right angle = 90°.**

h.If the slope of s is 6, the slope of t is -6

FALSE. – 6 is not the opposite reciprocal of 6. The opposite reciprocal of 6 is – 1/6.

**So, the right choices are a, c and g.**

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**The basis to respond this question are:**

**1) Perpedicular lines form a 90° angle between them.**

**2) The product of the slopes of two any perpendicular lines is – 1.**

So, from that basic knowledge you can analyze each option:

**a.Lines s and t have slopes that are opposite reciprocals.**

**TRUE. Tha comes the number 2 basic condition for the perpendicular lines.**

slope_1 * slope_2 = – 1 => slope_1 = – 1 / slope_2, which is what opposite reciprocals means.

b.Lines s and t have the same slope.

FALSE. We have already stated the the slopes are opposite reciprocals.

**c.The product of the slopes of s and t is equal to -1**

**TRUE: that is one of the basic statements that you need to know and handle.**

d.The lines have the same steepness.

FALSE: the slope is a measure of steepness, so they have different steepness.

e.The lines have different y intercepts.

FALSE: the y intercepts may be equal or different. For example y = x + 2 and y = -x + 2 are perpendicular and both have the same y intercept, 2.

f.The lines never intersect.

FALSE: perpendicular lines always intersept (in a 90° angle).

**g.The intersection of s and t forms right angle.**

**TRUE: right angle = 90°.**

h.If the slope of s is 6, the slope of t is -6

FALSE. – 6 is not the opposite reciprocal of 6. The opposite reciprocal of 6 is – 1/6.

**So, the right choices are a, c and g.**

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Hey there!

**Correct answer is D. Comma or Period Inside Rule**

A. Question mark or exclamation point inside: those are not really necessary.

B. Colon or semicolon: not, a semicolon would divide the whole sentence and it would be shorten; a colon would work but after requested, when there is already a comma.

C. Question mark or Exclamation Point Outside Rule: would not work, becase it is an very polite and affirmative sentence.

**D: A comma or period inside rule: actually, just a comma would work. Please, Cooper’s dad requested, go… Cooper’s dad requested must be in between commas as it is a vocative.**

Hope this helps

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Andrew deposited $500 in a savings account that offers an interest rate of 6.5%, compounded continuously. Andrew’s initial deposit will grow to $543 in ___ months.

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Ceasar opens a bank account and makes an initial deposit of $800. The banker tells Ceasar that he is going to receive an annual rate of 10% on his investment. Find the bank balance assuming Tom leaves the account untouched for 8 years.

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