Suppose you expect to receive $10,000 in 5 years, and the interest rate is 4% per annum compounded annually. You expect to earn $10,000; $15,000; and $18,000 in 1, 2, and 3 years’ times respectively. In this case, the person should present worth formula choose the annuity due option because it is worth $27,518 more

The retail inventory method is an important accounting method that helps retailers estimate their ending inventory balances https://aria-band.ru/articles/produkti-dlya-mobilnih-platform-ot-paragon-software.html and also resell their leftover merchandise. Another reason a retail inventory method id used is when a retailer needs to reconcile the price merchandise is bought from the wholesale and the price at which it is sold

They serve as the foundation upon which all subsequent financial transactions and records are built. Simply put, an opening balance is the initial amount of money or value in an account at the start of a new accounting period. It acts as a starting point for businesses to track their financial performance and make informed

The Debits and Credits Chart below is a quick reference to show the effects of debits and credits on accounts. The chart shows the normal balance of the account type, and the entry which increases or decreases that balance. Equity accounts like retained earnings and common stock also have a credit balances. Benefits of Maintaining