I am studying uniform series or annuities. Does the uniform series are continuous with respect to time? I would like to know not just the yes/no answer

Q: he difference between an ordinary annutty and an annulty due is: Multiple Choice an ordinary annuity…

A: Annuity means where regular payment is made at the end of regular period and full amount with…

Q: Differentiate between continuous compounding and daily compounding?

A: Continuous compounding is the process of compounding to the lowest possible time interval. The…

Q: How to Use Compound Interest Factors for Annuities

A: Compound interest factor for annuities is used to compute the present and future value of annuities,…

Q: Define vector error correction model for the two interest rates?

A: Vector correlation model is used to determine the direction of causality between two variables if…

Q: What are the important feature of a perpetual system?

A: Perpetual inventory system: The method or system of maintaining, recording, and adjusting the…

Q: What is the difference between a perpetual and a periodic system?

A:

Q: The normal situation of uniform series is: Select one: a. The series begins at the end of period 1…

A: Uniform series is the annuity payments where the annual repayment is a fixed amount for a fixed time…

Q: What do we mean by a uniform series payment?

A: Under uniform series of payment, payment of same amount is made or received at a regular time…

Q: Find the ordinary interest using: a) Ordinary time b) Exact time c) Find the Exact Interest using…

A: The amount paid to an investor for the invested fund is called interest. It is the compensation paid…

Q: Explain how to calculate time interest earned.

A:

Q: Amounts of interest depend on lengths of time.Explain how?

A: Interest is also dependent on the base of the length of time A loan taken for a long period of time…

Q: The Interest earned over a specified period of time is expressed a percentage of the original amount…

A: Rate of return is the total incentive earned on the amount invested expressed in percetage.

Q: Write an equation for determining the value of the series of end-of-period payments?

A: Formula:

Q: What is periodic rate?

A: A periodic rate is a rate that can be paid on a credit or acknowledged over a fixed timeframe on…

Q: Fill in the blank with an appropriate​ word, phrase, or symbol.   When using the simple interest​…

A: A person is depositing or putting some money as an investment for the purpose of gaining returns.…

Q: Finish the formula for Simple Interest. I = Simple intrest, P = Principle, R = rate and T = time.

A: Simple interest is the simplest method of calculating the interest charged on the loan. The simple…

Q: have a follow-up question. For parts a, b, and c are each of the calculations favorable or…

A: Variance which generates high revenue or low expenses are favourable variance. And variance which…

Q: What is a subsequent event?

A: Financial statements are the records containing the trading account, profit and loss account and the…

Q: Explain the difference between deferrals and accruals and give two examples from each.

A: The adjustment entries are prepared to adjust the revenue and expenses of the current period.

Q: The process that determines the present value of a single payment or stream of payments to be…

A: Annuity means regular payment to be received from an investment.

Q: The term of Final Payment. Effects of Final Payment.

A: A contract is made so that the work can be done legally and both are bond to fulfill their portion…

Q: What is difference between PERIODIC FIFO and PERPETUAL FIFO.

A: FIFO:   FIFO method is a method used for cost flow assumption mainly for the purpose of cost of…

Q: Difference between periodic LIFO and perpetual LIFO methods.

A: LIFO:   LIFO method is a method used for cost flow assumption mainly for the purpose of cost of…

Q: How can we determine the amount of a periodic payment?

A: The amount of periodic payment is determined using the following formula:

Q: ermine the amount of each payment?

A: Loan: The loan is a value that is borrowed from external sources like banks and this amount is…

Q: What is the purpose of the accrual tranche?

A: The diverse CMO bunches are known as a tranche. Gathering tranche too known as Z tranche is the…

Q: Does the ROE and the ROA always follow eachother over time or can ROE be positive while ROA be…

A: Return on Equity (ROE) is the ratio between the net income and the total shareholders equity,…

Q: Explain what accruals and deferrals do and give examples of each.

A:

Q: How are the actual time and approximate time counted?

A: As per Banker’s rule the interest on any loan is determined by two ways either using ordinary…

Q: Explain the theoretical under-pinnings and the limitations of the current rate and temporal methods.

A: Accounting exposure is an exposure arising in the statement of final accounts because of the…

Q: 5) One standard assumption for annuities and gradients is A) each payment occurs at the beginning of…

A: An annuity can be defined as equal payment series over an equal period sequence. In other words,…

Q: Explain the basic types of deferred annuities. a. fixed- b. indexed- c. variable- d. longevity-

A: A deferred annuity is a contract with an insurance company that promises to pay the owner a regular…

Q: Which of the following would be the correct adjustment if there was an increase in an accrual?

A: as per the accounting principal and practice ; Every DEBIT has an equal Credit. Every Debit are…

Q: how was the rate found?

A: Details about property are as follows: Name of Item Date of purchase Relates to which Quarter…

Q: Define : Perpetual system and Periodic system

A: Inventory is one of the current asset of the business. It includes inventory of raw materials, work…

Q: Explain different types of Annuity and perpetuity concept with appropriate examples.

A: Annuities are defined as the contracts, which are issued as well as distributed or sold through the…

Q: What are the two components of Time value?

A: Time Value: In the selling of options, the term value applies to a portion of the price on an offer…

Q: Which of the following is not true regarding an annuity due?   Select the correct response:   It…

A: Annuity Due:- An annuity that is payable at the start(beginning) of each period(Week, Months or…

Q: Define the term Non-comparable Compounding and Payment periods?

A: The question is based on the concept of interest rate calculation, which depend on the compounding…

Payroll Entries

Payroll is a comprehensive record of employees that are paid by the company. Payroll classifies employees into various categories according to their function and pays scale (basic wage, allowance, income tax, other taxes, employee loans, etc.). Payroll processes form the bedrock of every organization as it contains sensitive information on the ‘wage and paycheck’ portion of the company’s strength—its employees. The organization needs to keep a track of the employees currently on the payroll, the net payout for the company, the record of transactions related to the employees including deductions and payroll taxes to identify the liability and its effect on the balance sheet (and other financial statements). Payroll records also include qualitative factors such as the conduct of the employee.