By December 31st 2019, Agincourt Inc. had rendered a considerable amount of consulting services to Lee Company for the 2019 fiscal year. Services were rendered in exchange for a fiveyear promissory note with a maturity value (face value) of $500,000; (the promissory note also
pays interest at a rate of 3% per annum and that interest is payable annually commencing on
December 31st 2020). Assume for purposes of this problem that Lee Company has a poor credit
rating that requires them to have to borrow money at 9% (per annum). Assume the services
rendered to Lee by Agincourt were consulting services – just normal revenue to Agincourt Inc.

Unrecorded depreciation on the trucks at the end of the year is $40,000. the total amount of accrued interest expense at year-end is $6,000. the cost of unused office supplies still available at year-end is $2,000. 1. use the above information about the company’s adjustments to complete a 10-column work sheet. 2a. prepare the year-end closing entries for dylan delivery company as of december 31, 2017. 2b. determine the capital amount to be reported on the december 31, 2017 balance sheet.

What two elements normally must exist before a person can be held liable for a crime

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $