Power Company signed a 3-year lease for equipment and leased the equipment on September 1, 2022. The lease agreement calls for Power to make monthly lease payments of $8,000, assuming a 8% borrowing rate. The first lease payment begins September 30, 2022.

Required:
A.
Calculate the present value of the lease payments. Please explain how you calculated the present value and the
inputs used and why.
B.
Record the journal entry for the lease on September 1, 2024.

Answers

Answer 1

A) The present value of the lease payments can be computed as $255,294.44, using the lease period, borrowing rate, and the monthly lease payments in the online finance calculator as parameters.

B) The journal entry for the lease on September 1, 2024 is as follows:

Journal Entry:

September 1, 2024:

Debit Lease Expense $8,000

Credit Lease Payable $8,000

(To record the lease liability, payable on September 30, 2024.)

How the present value is determined:

The present value of the lease payments can be computed using an online finance calculator as follows:

A) Present Value of the Lease Payments:

N (# of periods) = 36 months (3 years x 12)

I/Y (Interest per year) = 8%

PMT (Periodic Payment) = $8,000

FV (Future Value) = $0

Results:

Present Value (PV) = $255,294.44

Sum of all periodic payments = $288,000.00

Total Interest = $32,705.56

B) Transaction Analysis:

September 1, 2024:

Lease Expense $8,000 Lease Payable $8,000

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Related Questions

Volume of an open rectangular is 24.3m³.height is 2.7m. what is surface area.​

Answers

If the volume of an open rectangular object or space is 24.3m³ with a height of 2.7m, the surface area is 9m.

How is the surface area determined?

The surface area can be determined by dividing the volume by the height.

This is because the product of the surface area and the height gives the volume.

The surface area is a product of the length and width, while the volume is the product of the length, width, and height.

Volume = 24.3m³

Height = 2.7m

Surface area = 9m (24.3m³ ÷ 2.7)

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The figure shows four box-and-whisker plots. These represent variation in travel time for four different types of transportation from the beginning to the end of one route.
Conrad is at one end of the route. He is trying to decide how to get to an appointment at the other end. His appointment is in 30 minutes. Which type of transportation is LEAST likely to take more than 30 minutes?

a. bus

b. car

c. subway

d. train

Answers

A type of transportation is LEAST likely to take more than 30 minutes include the following: d. train.

How to interpret the box-and-whisker plots?

In order to determine the type of transportation that is least likely to take more than 30 minutes for Conrad to get to an appointment at the other end, we would have to compare the median minute for each data set (type of transportation) that is represented on the box-and-whisker plot shown above.

By critically observing the box-and-whisker plot, we can reasonably infer and logically deduce that a train is the type of transportation that is least likely to take more than 30 minutes because its median minute is the lowest compare to the other data set (type of transportation) that is represented on the box-and-whisker plot shown above.

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The height of a tree in feet over x years is modeled by the function f(x). Determine if each statement is True or False.

Answers

The statement is examined using the equation to find that

1. False

2. False

3. True

4. False

How to find the statement is true

The given equation is

f(x) = 32 / ( 1 + e⁰°⁵ˣ)

Evaluating the first statement by substituting

For x = 3, f(3 ) gives 5.84

For x = 6, f( 6) gives  1.52

5.82 - 1.52 is not equal to 9 ft hence the statement is False

Evaluating the second statement by substituting

when x = 0, the function gives 16 which is against 2 ft hence False

Evaluating the third statement by substituting

For x = 1, f(1) = 12.08 this is less than 16 ft hence a decline hence this is True

fourth statement

The trees maximum height, captured should be 16 ft not 35 ft hence False

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Find the derivative of f(x)=(3x^2-4x+1)^4

Answers

Step-by-step explanation:

[tex]f'(x)=[(3x^2-4x+1)^4]'=4(3x^2-4x+1)^3*(3x^2-4x+1)'=4(3x^2-4x+1)^3*(6x-4)=8(3x^2-4x+1)^3(3x-2);[/tex]

The required derivative of f(x) = (3x² - 4x + 1)⁴ is f'(x) = 4(3x² - 4x + 1)³ * (6x - 4)

We can use the chain rule and power rule of differentiation to find the derivative of f(x).

Let u = 3x² - 4x + 1, then we have:

f(x) = u⁴

Using the chain rule, we get:

f'(x) = 4u³ * u'

To find u', we can differentiate u with respect to x using the power rule:

u' = d/dx (3x² - 4x + 1) = 6x - 4

Substituting u' and u into f'(x), we get:

f'(x) = 4(3x² - 4x + 1)³ * (6x - 4)

Therefore, the derivative of f(x) = (3x² - 4x + 1)⁴ is f'(x) = 4(3x² - 4x + 1)³ * (6x - 4)

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Use the following information to answer questions 9 and 10.
Suppose we drop a ball from a height of 10 feet. After each bounce, it returns to a height that is k% of the height from which it last fell. After the 5th bounce, it returns to a height of 9.04 feet. We will ignore things like friction and air resistance so that the terms form a geometric sequence.
9 . Determine k.
97.51%
98.00%
98.83%
99.15%
10. How many bounces does it take until the ball bounces back to a height less than 3 inches (1/4 of a foot)?

163
183
203
223

Answers

9. The ball returns to 98.00% of its previous height after each bounce Option B

10. It will take 183 bounce until the ball bounces back to a height less than 3 inches.  Option B

How do we solve for k% of previous height?

To solve for k% of previous height after each bounce, we say

10×(k/100)⁵ = 9.04

k = [tex](9.04/10)^{1/5}[/tex]×100

k = 98.00

To find out how many bounces it takes for the ball to bounce back to a height less than 3 inches (or 0.25 feet), we use the inequality

10 × (0.961)ⁿ < 0.25

The logarithm of both sides gives

n × log(0.961) < log(0.025)

n > log(0.025) / log(0.961)

n > 182.593

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2 defective screws out of 100 packs them in boxes of 500 probability of 15 defective screws

Answers

The term (100 C 15) represents the number of ways to choose 15 defective screws out of 100 packs.

In a scenario where there are 2 defective screws out of 100 packs, each containing 500 screws, we can calculate the probability of obtaining 15 defective screws. Let's assume that each pack is independent of the others.

The probability of a single screw being defective is 2/500, as there are 2 defective screws out of 500 in each pack.

Conversely, the probability of a screw being non-defective is 498/500.

To find the probability of obtaining exactly 15 defective screws, we can use the binomial distribution formula. The probability (P) can be calculated as follows:

P = (100 C 15) * (2/500)^15 * (498/500)^85

The term (100 C 15) represents the number of ways to choose 15 defective screws out of 100 packs.

By plugging these values into the formula and performing the calculations, the probability of obtaining exactly 15 defective screws can be determined. However, I am unable to perform the calculation for you within the given word limit.

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hat is the domain of the function on the graph?

Answers

Answer:

The domain of a function is the set of all possible input values for the function. In this case, the function is a graph, so the domain is the set of all possible x-values that correspond to points on the graph.

To find the domain, we need to consider all of the points on the graph. We can see that the graph extends infinitely to the left and right, so all real numbers are possible input values. Therefore, the domain of the function is all real numbers, or R.

Here is a more formal definition of the domain of a function:

The domain of a function is the set of all real numbers x for which the function f(x) is defined.

In other words, the domain is the set of all input values for which the function produces a valid output value.

Step-by-step explanation:

If m<6= 97°, what is m<5

Answers

The measure of value of ∠5 is 83°.

Now, It is given that;

Two Lines m and n are parallel with each other and l is the transversal crossing the two given parallel lines.

And, m∠6 = 97°,

Since, Two rays combined into an angle have a single terminal. The point is known as the vertex of the angle, while the rays are known as its sides, occasionally as its legs, and occasionally as its arms.

Hence, Then by using the property of liner pair angles, we have

⇒ m∠5 + m∠6=180°

(Because they form a linear pair angles.)

⇒ m∠5 + 97 = 180

Subtract 97 both side, we get;

⇒ m∠5 + 97 - 97 = 180 - 97

⇒m∠5 = 180 - 97

⇒m∠5 = 83°.

Therefore, the value of the measure of ∠5 is,

⇒ ∠5 = 83°.

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Quatre ouvriers mettent 12 jours pour réaliser un travail. Dans les mêmes conditions combien de temps mettraient six ouvriers pour réaliser ce travail ?

Answers

On peut résoudre ce problème en utilisant la formule suivante :

Nombre de travailleurs x Temps de travail = Travail réalisé

On sait que quatre ouvriers mettent 12 jours pour réaliser un travail, donc :

4 x 12 = 48 (unités de travail réalisées)

Maintenant, si six ouvriers réalisent le même travail, nous pouvons utiliser la même formule pour trouver le temps de travail nécessaire :

6 x Temps de travail = 48

Temps de travail = 48 / 6

Temps de travail = 8

Donc, six ouvriers mettraient 8 jours pour réaliser le même travail que quatre ouvriers qui ont mis 12 jours.

In 60
60
seconds, Darrell walks 90
90
meters.

Select the two answers that describe the unit rate at which he walks.

CLEAR CHECK

1.5
1
.
5
seconds per meter



1.5
1
.
5
meters per second



90
90
meters per second



112
1
1
2
meters every second



30
30
meters every second



30
30
seconds per meter

Answers

The two answers that describe the unit rate at which Darrell walks are 1.5 seconds per meter and 1.5 meters per second


To find the unit rate at which Darrell walks, we need to determine how many meters he walks per second. We are given that he walks 90 meters in 60 seconds.
Step 1: Divide the total distance by the total time to find the unit rate.
Unit rate = (total distance) / (total time)
Step 2: Plug in the given values and calculate.
Unit rate = 90 meters / 60 seconds
Step 3: Simplify the fraction.
Unit rate = 1.5 meters per second
The two answers that describe the unit rate at which Darrell walks are:
1. 1.5 meters per second
2. 30 seconds per meter (the reciprocal of the unit rate)

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During the first week of the "Cash for Clunkers" program, the average increase in gas mileage for the new car purchased versus the car traded in was 61%. If the average gas mileage of the new cars was 25.4 miles per gallon, what was the average gas mileage of the cars traded in? Round the answer to the nearest tenth.

Answers

The average gas mileage of the cars traded is 15.8 miles per gallon round to the nearest.

Let's assume that the average gas mileage of the cars traded in is x miles per gallon. According to the problem, the average increase in gas mileage for the new car purchased versus the car traded in was 61%. This means that the new car gets 61% more miles per gallon than the car traded in. We can express this relationship mathematically as:

25.4 = x + 0.61x

Simplifying the right-hand side of the equation, we get:

25.4 = 1.61x15.78

Dividing both sides by 1.61, we get:

x = 15.78

Therefore, the average gas mileage of the cars traded in was approximately 15.8 miles per gallon, rounded to the nearest tenth.

To understand this result, we can interpret it as follows: for the first week of the "Cash for Clunkers" program, the average gas mileage of the new cars purchased was 25.4 miles per gallon, which is 61% higher than the average gas mileage of the cars traded in. This suggests that the program was successful in incentivizing people to trade in their old, less fuel-efficient cars for new, more fuel-efficient cars.

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Use the table that shows the recent population, in millions, of the ten largest U.S. cities.


Find the mean absolute deviation. Round to the nearest hundredth.


The mean absolute deviation =________million.

Answers

The mean absolute deviation for the data-set in the table is given as follows:

1.52 million.

What is the mean absolute deviation of a data-set?

The mean of a data-set is given by the sum of all observations divided by the cardinality of the data-set, which is the number of observations in the data-set.The mean absolute deviation of a data-set is the sum of the absolute value of the difference between each observation and the mean, divided by the number of observations.The mean absolute deviation represents the average by which the values differ from the mean.

The mean for the data-set in this problem is given as follows:

(1.5 + 3.8 + 1.3 + 1.6 + 2.9 + 1.4 + 0.9 + 2.3 + 8.4 + 1.3)/10 = 2.54.

The deviations are given as follows:

|1.5 - 2.54| = 1.04.|3.8 - 2.54| = 1.26.|1.3 - 2.54| = 1.24.|1.6 - 2.54| = 1.06.|2.9 - 2.54| = 0.46.|1.4 - 2.54| = 1.14.|0.9 - 2.54| = 1.64.|2.3 - 2.54| = 0.24.|8.4 - 2.54| = 5.86.|1.3 - 2.54| = 1.24.

Hence the mean absolute deviation is given as follows:

(1.04 + 1.26 + 1.24 + 1.06 + 0.46 + 1.14 + 1.64 + 0.24 + 5.86 + 1.24)/10 = 1.52 million.

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Blank x 2 > 2
8 over 8 or 7 over 8 or 9 over 8

Answers

Answer:

dwdaddaw

Step-by-step explanation:

ad plus devide

PLEASE HELP ME QUICKLY.
Find the average rate of change between the two labeled points.
[The point in between is (3, 72.6).]

Answers

Answer: 2/13.86

Step-by-step explanation:

A lines rate of change is equal to it's slope

Slope is rise over run (Y/X)

The point is up 2 on the Y axis and over 13.86 on the X axis

The slope is= 2/13.86

What is the slope of the line through (-2,-2)(-2,-2)left parenthesis, minus, -2, comma, -2, right parenthesis and (2,-4)(2,−4)left parenthesis, 2, comma, minus, 4, right parenthesis?

Answers

Step-by-step explanation:

To find the slope of the line between two points, you can use the formula:

slope (m) = (y2 - y1) / (x2 - x1)

Plugging in the given coordinates, we have:

m = (-4 - (-2)) / (2 - (-2))

m = (-4 + 2) / (2 + 2)

m = (-2) / (4)

m = -1/2

The slope of the line through the points (-2, -2) and (2, -4) is -1/2.

Find all possible values of x.

Answers

Using the secant-secant theorem, the possible values of x are x = 6 and x = -10. -10 cannot be a value of x because length cannot be negative.

Secant-secant theorem: Calculating the value of of x

From the question, we are to determine the value of x in the given diagram.

The Secant-secant theorem states that

"Given two secant segments which share an endpoint outside of the circle, the product of one secant segment and its external segment is equal to the product of the other segment and its external segment"

Thus,

We can write that

5 × (5 + 7) = x × (x + 4)

Simplifying

5 × 12 = x² + 4x

60 = x² + 4x

x² + 4x - 60 = 0

Solve the quadratic equation

x² + 4x - 60 = 0

x² + 10x - 6x - 60 = 0

x(x + 10) - 6(x + 10) = 0

(x - 6)(x + 10) = 0

x - 6 = 0 or x + 10 = 0

x = 6 or x = -10

Since x cannot be negative,

x = 6

Hence, the value of x is 6

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8 kilometers == meters​

Answers

Answer: 8000

Step-by-step explanation:

8 kilometers = 8,000 meters

what's 1=7 x 67.8=75+90

Answers

The solutions of the given equations are x = 0 and x = -36.

We have,

To solve these equations:

9x - 7 = -7

We can add 7 to both sides to isolate the variable:

9x - 7 + 7 = -7 + 7

Simplifying the left-hand side and the right-hand side, we get:

9x = 0

Finally, dividing both sides by 9, we get:

x = 0

Next, to solve:

-1 = 5 + x/6

We can begin by subtracting 5 from both sides:

-1 - 5 = 5 + x/6 - 5

Simplifying the left-hand side and the right-hand side, we get:

-6 = x/6

Finally, multiplying both sides by 6, we get:

-36 = x

Thus,

The solutions of the given equations are x = 0 and x = -36.

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The complete question.

9x - 7 = -7

-1 = 5  + x/6

What is the area of the patio rounded to the nearest tenth? Use 3.14 for pi​

Answers

Answer:b

Step-by-step explanation:b

whats the longest word ever?

Answers

Answer:

Step-by-step explanation:

Pneumonoultramicroscopicsilicovolcanoconiosis

Answer: Supercalafragilisticexpialadocious

Step-by-step explanation:

What is the volume of the object?
Two rectangular prisms are side by side. The dimensions of the larger rectangular prism are 8 c-m, 6 c-m, and 13 c-m and the dimensions of the smaller rectangular prism are 3 c-m, 4 c-m, and 7 c-m.
A
41cm3
B
526cm3
C
708cm3
D
52,416cm3

Answers

The total volume is the one in option C, 708 cubic centimeters.

What is the volume of the object?

We know that this prism can be divided into two prisms, and remember that the volume of a prism is equal to the product between its dimensions.

Then the volume of the first prism is:

V = 8cm*6cm*13cm = 624 cm³

And the volume of the second prism is:

v' = 3cm*4cm*7cm = 84 cm³

Adding that we will get:

total volume =  624 cm³+  84 cm³ = 708 cm³

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Identify any bias in the following survey question.
Do you think the school newspaper should more frequently cover the hockey team and the academic decathlon team?
Choose the correct answer below.
A. There is a bias because the question uses words that cause strong reactions.
B. There is a bias because the question suggests a particular answer.
C. There is a bias because the question combines two or more issues.
D. There is no bias in the survey question.

Answers

There is a bias because the question suggests a particular answer. Option B

What is bias?

A systematic inaccuracy or departure from the true value that causes inaccurate conclusions to be drawn about a population or topic under study is referred to as bias in research. Any step of the research process, including study design, data collecting, analysis, and interpretation, is susceptible to bias.

It may be caused by a number of variables, including the sample strategy, participant selection, measuring methods, the researcher's own ideas and preconceptions, or the influence of outside variables like funding sources or political motivations.

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variable:
Hours (h)
10
20
30
40
Cost in dollars (c)
80
110
140
170

The table shows the relationship between hours spent dog sitting and the cost of the services. Write an equation to represent the situation using h and c as your variables.

Answers

The solution is it's hard to say which company would be cheaper to hire based on the information provided, but it's recommended to check the warranty, prices of parts, and reputation of both companies, and to get a second opinion or quote from both companies before making a decision.

Here,

we can see that the function C(x) = 25x + 75 represents the labor cost (in dollars) for Bob's Auto Repair to replace your alternator, where x is the number of hours. We can use this function to find the cost of replacing an alternator that is estimated to take 5 hours of labor.

C(5) = 25(5) + 75 = 125 + 75 = 200

We also have the labor cost for the main competitor, Budget Auto Repair, in a table format.

Hours Cost

1          $90

2         $130

3         $170

We can see that the cost of labor increases as the number of hours increases. From the information provided it's hard to say which company would be cheaper to hire, however the company with the function C(x) = 25x + 75 would be cheaper if the alternator takes more than 4 hours of labor, otherwise Budget Auto Repair would be cheaper.

It's important to check the warranty, prices of parts, and reputation of both companies. If a company has a good reputation and a good warranty, it may be worth paying a little more for labor.

It's also a good idea to get a second opinion or ask for a quote from both companies before making a decision.

In conclusion, it's hard to say which company would be cheaper to hire based on the information provided, but it's recommended to check the warranty, prices of parts, and reputation of both companies, and to get a second opinion or quote from both companies before making a decision.

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complete question:

19) The function C(x) = 25x+75 represents the labor cost (in dollars) for Bob's Auto Repair to replace

your alternator, where x is the number of hours. The table below shows sample labor costs from its main

competitor, Budget Auto Repair. The alternator is estimated to take 5 hours of labor. Which company

would you hire? Explain.

Hours 1,2,3

Cost

$90 $130 $170

How is graphing (5, 0) different from graphing (0, 5)? Explain.

Answers

Answer: If the number is placed on the X as in (X,Y) the X value will rise but the Y value will stay the same, but if the number is played on the Y, the Y value will go up, and the X value will stay the same

In 2017 32.2% of college students were minorities. If you took a random group of 500 college students in 2017, then how many of these 500 college students would you expect to be minorities?

Answers

161 of the 500 people

Find the value of x. Round your answer to two decimal places. Enter deg after any degree value

Answers

[tex]\cos(40^o )=\cfrac{\stackrel{adjacent}{32}}{\underset{hypotenuse}{x}} \implies x=\cfrac{32}{\cos(40^o)}\implies x\approx 41.77[/tex]

Make sure your calculator is in Degree mode.

What’s 137% x 680? give your answer to 1 decimal place

Answers

if we will divide 137 with 100 and then multiply it with 680 you will gett your answer

the answer is 931.6

Answer:

931.6

Step-by-step explanation:

We need to change the percent to decimal form.

137%  = 1.37

Multiply this by 680.

1.37 * 680

931.6

I REALLY NEED HELP I DONT UNDERSTAND IT!

Answers

The area of the pentagon using the composite area formula is 37 in².

What is a pentagon?

A pentagon is one of the many types of polygon having five sides and five angles.

To calculate the area of the pentagon, we use the formula below

Formula:

A = BH/2+LW+bL................... Equation 1

From the diagram,

Given:

B = 6 inH = 4 inL = 5 inW = 4 inb = 1 in

Substitute these values into equation 1

A = (4×6/2)+(5×4)+(1×5)A = 12+20+5A = 37 in²

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The cup on Sophie's desk holds 4 red pens and 7 black pens. What is the probability of her selecting first a black pen, and then a red one?​

Answers

Answer:14/165

Step-by-step explanation:

its a fraction i did the same qestion and got it right

Plants are sold in three different sizes of tray.

A small tray of 10 plants costs £2.50
A medium tray of 40 plants costs £8.40
A large tray of 90 plants costs £12.60

Which size tray of plants is the best value for money?

Answers

The size tray of plants which is the best value for money is large tray.

Which size tray of plants is the best value for money?

A small tray of 10 plants costs £2.50

Cost per unit = Total cost / number of plants

= £2.50 / 10 plants

= £0.25 per plant

A medium tray of 40 plants costs £8.40

Cost per unit = Total cost / number of plants

= £8.40 / 40 plants

= £0.21 per plant

A large tray of 90 plants costs £12.60

Cost per unit = Total cost / number of plants

= £12.60 / 90 plants

= £0.14 per plant

Hence, the large tray of 90 plants costs £12.60 is the best buy for your money.

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which computer mastermind bought the washington post in 2013 for $250 million in cash Which of the following did Tolman not consider to be a cause of behavior?a. environmental stimulib. physiological drivesc. heredityd. motivatione. age which type of law would building and construction standards in a particular city be considered? Who is believed to be the first free African in the Americas? A: Don Juan B: Andres Dorantes C: Juan Garrido D: Esteban de Dorantes Is it growth or decay? You flip a coin five times. The coin lands heads-up the first two times and then lands tails-up the remaining three tImes. A ______ file can contain both audio and video content container WAVDRMCodec probability of choosing 3 men and 1 woman at random for a 4 person committee if there are 10 men and 6 women to choose from? during which phase of the moon would we most likely see a solar eclipse? 2. Match the parts of software applications with what they do: 1. Ribbon 2. Tab 3. Menu bar 4. Toolbar 5. Title bar 6. Scroll 7. Workspace 8. Status bar. why in the wealth of nations did adam smith take a laissez-faire position on slavery? answers based on your observations, which engine is more fuel efficient? conclusion explain how an engine simulator could help aircraft designers. A ski gondola is connected to the top of a hill by a steel cable of length 660 m and diameter 1.5 cm. As the gondola comes to the end of its run, it bumps into the terminal and sends a wave pulse along the cable. It is observed that it took 19 s for the pulse to travel the length of the cable and then return.What is speed of the pulse? m/sWhat is the tension in the cable? N find the future value of 35,000 at 6% semi annually for 12 years Electric eels generate electric pulses along their skin that can be used to stun an enemy when they come into contact with it. Tests have shown that these pulses can be up to 504V and produce currents of 80.0mA (or even larger). A typical pulse lasts for 12.0ms .A.What power is delivered to the unfortunate enemy with a single pulse, assuming a steady current?B.How much energy is delivered to the unfortunate enemy with a single pulse, assuming a steady current? the program specification is a clear statement of the goals and objectives of the project.T/F approximately what percentage of the nation's population 16 years and older is innumerate? a. 3% b. 14% c. 22% d. 46%. 22%. In this clip from the famous novel and film To Kill a Mockingbird, the lawyer Atticus Finch delivers his closing argument. It is considered one of the most passionate speeches ever made about the beauty and power of the American justice system. Based on the clip, what would you say people find inspiring about the justice system? Match the app development stage to its description. Describe the different stages and processes for fossil fuels and the carbon cycle in 5-7 sentences.