the company has 15 employees, who earn a total of $1,960 in salaries each working day. they are paid each monday for their work in the five-day workweek ending on the previous friday. assume that december 31,2019, is a tuesday, and all 15 employees worked the first two days of that week. because new year's day is a paid holiday, they will be paid salaries for five full days on monday, january 6, 2020.

prepare journal entries to record subsequent cash transaction in 2020.

ending amount = beginning amount / (2^n)

where "n" = number of half-lives (or elapsed time / half-life)

ending amount = 50 mg / (2 ^10 / 5.3)

ending amount = 50 mg / (2 ^ 1.8867924528)

ending amount = 50 m / 3.6981210597

ending amount = 13.5203794557 mg

or about 13.5 mg remain

source:  

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