Answer:
$86,800
Explanation:
With regards to the above, first we need to add up all the units
= 1,200 units + 500 units + 2,000 units
= 3,700 units
The next step is to deduct the additional units sold from the total units
= 3,700 units - 2,150 units
= 1,550 units
The next step is to multiply $56, which is the value for last 2,000 units purchased to get the ending inventory.
= 1,550 units × $56
= $86,800
Therefore, the cost of ending inventory, using the periodic FIFO method is $86,800
Rather than using an institutional loan, a seller extends credit to a buyer and the buyer gives the seller a deed of trust. This would be known as a/an:______
Answer:
The correct solution would be "Purchase money loan ".
Explanation:
The purchasing money allowance would be granted by that of the producer to the consumer of such the property. This is also considered as financing by the seller as well as by the owner. Those other loans are mostly utilized by borrowers who've had difficulty applying for something like a conventional mortgage leading to negative performance.Azim Services, a nongovernmental not-for-profit organization, received dues of $100 from its members. Azim provided its members with a newsletter that had a $25 value. All other services were valued at $10 per member. What is the amount of contribution made to Azim by each member?
Answer:
Each member of Azim Services pays $ 135 per month in contributions.
Explanation:
While Azim Services charges its members a fee of $ 100, in addition to delivering a newsletter that has a value of $ 25 and providing other services for the sum of $ 10, to determine the amount of money that each member contributes to Azim Services it is necessary to make the following calculation:
100 + 25 + 10 = X
125 + 10 = X
135 = X
Thus, each member of Azim Services pays $ 135 per month in contributions.
Sensitivity analysis measures: Group of answer choices Changes in the depreciation tax shield over the life of the project Changes in production levels with changes in revenues Changes in taxes payable with changes in a stock's current price changes in the retention rate with changes in net income Changes in fixed costs with changes in the operating cash flow None of the above
Answer:
None of the above
Explanation:
A sensitivity analysis measures how under a certain set of assumptions, different values of an independent variable influence the dependent variable. It is also known as what if analysis and it is based on various assumptions. Options given in the question like changes in depreciation tax shield over a project's life, changes in production levels with the changes in revenue etc. are absolutely certain to an extent, or in other words, bound to happen.
Vandezande Inc. is considering the acquisition of a new machine that costs $438,000 and has a useful life of 5 years with no salvage value The incremental net operating income and incremental net cash flows that would be produced by the machine are (ignore income taxes) Incremental Incremental Net Operating Net Cash Income s 79, 000 $ 85,000 Year 3 96,000 Year 4 59,000 Year S $101,000 Flows Year 1 Year 2 $154, 000 $164,000 $175, 000 $161,000 $163,000 Assume cash flows occur uniformly throughout a year except for the initial investment The payback period of this investment is closest to:___________ a) 22 years b) 5.0 years c) 4.3 years d) 2.7 years
Answer:
Vandezande Inc.
The payback period of this investment is closest to:___________
d) 2.7 years
Explanation:
a) Data and Calculations:
Incremental Net Operating Incomes Net Cash Flows Incremental cash
Year 1 $79, 000 $154, 000
Year 2 $ 85,000 $164,000 $318,000
Year 3 96,000 $175, 000 493,000
Year 4 59,000 $161,000 654,000
Year 5 $101,000 $163,000 817,000
Total $420,000 $817,000
Payback period = Cash outflow/ (Total cash inflows/5)
= $438,000/($817,000/5)
= $438,000/$163,400
= 2.68
= 2.7 years
b) Payback period is the time an investment takes to recover its initial cost, at which the break-even point is reached. Shorter payback period increases the attractiveness and desirability of an investment. Another method to calculate the payback period is the subtraction method. This involves subtracting the cash inflows from the cash outflow until the cash outflow becomes zero.
Chang Industries has 1,300 defective units of product that already cost $48 each to produce. A salvage company will purchase the defective units as is for $22 each. Chang's production manager reports that the defects can be corrected for $40 per unit, enabling them to be sold at their regular market price of $38. The $48 per unit is a:
Answer: Sunk Cost
Explanation:
A sunk cost is an expense which a company or entity has already incurred and which cannot be recovered and so should not be considered when making decisions regarding incremental benefits or costs to an investment.
The $48 had already been incurred to produce the defective units and cannot be recovered so it is a sunk cost that should not be considered moving forward.
Which of the following would not tend to make a manufacturer choose a perpetual inventory system? A high volume of sales transactions and a manual accounting system. Management wants information about quantities of specific products. Items in inventory with high per unit costs. A low volume of sales transactions and a computerized accounting system.
Answer:
A high volume of sales transactions and a manual accounting system.
Hepburn Company transferred $58,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 60% of the factored amount to Hepburn and retains the remaining 40%. When the bank collects the receivables, it will remit to Hepburn the retained amount less a fee equal to 1% of the total amount factored. Hepburn estimates a fair value of its 15% interest in the receivables of $12,000 (not including the 1% fee). Hepburn will show an amount receivable from factor of: Multiple Choice $23,200. $12,000. $11,420. $22,620.
Answer: $11420
Explanation:
The amount that Hepburn will show as an amount receivable from factor will be the estimated fair value of the interest in receivables minus the factoring fee given in the question. This will be:
= $12,000 - ($58,000 × 1%)
= $12,000 - ($58,000 × 0.01)
= $12,000 - $580
= $11,420
Describe the technologies that contributed to the development and advancement of the newspaper from small, infrequent circulations of a few brief pages to the mass production of daily, extensive pages of news.
Answer: The industrial revolution came with the advent of the stream powered printing press, enabling newspapers to be produced in masses
Explanation:
The industrial revolution came with the advent of the stream powered printing press, enabling newspapers to be produced in masses. Improvement also took place in the inking process to aid speed up production also introduction of wood pulp helping drive production cost. One of the major advantage for this widespread growth was the relevance the newspaper gained globally as worthy news ready to be reported were available.
Coronado Inc. has $520,640 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $69,086 at the end of each year for 12 years, and the other is to receive a single lump-sum payment of $1,633,990 at the end of the 12 years. Which alternative should Coronado select
Answer:
None of the alternative should be selected by Coronado Inc.
Explanation:
This can be determined by comparing the net present value of the 2 alternative.
The fisrt thing to do is to calculate the simple interest to be used as follows:
Simple rate of return = Annual return / Investment cost = $69,086 / $520,640 = 0.1327, or 13.27%
Step 1: Calculation of the net present value of alternative that provides $69,086 at the end of each year for 12 years
We have to first calculate the present value using the formula for calculating the present of an ordinary annuity as follows:
PV$69,086 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV$69,086 = Present value of the annual cash flow of $69,086 = ?
P = Annual cash inflow = $69,086
r = Simple rate of return = 0.1327, or 13.27%
n = Number of years = 12
Substitute the values into equation (1) to have:
PV$69,086 = $69,086 * ((1 - (1 / (1 + 0.1327))^12) / 0.1327) = $403,899.27
The net present value can now be calculated as follows:
NPV$69,086 = PV$69,086 - Investment cost ............... (2)
Where;
NPV$69,086 = Net present value of alternative that provides $69,086 at the end of each year for 12 years = ?
PV$69,086 = Present value of the annual cash flow of $69,086 = $440,303.13
Substitute the values into equation (2) to have:
NPV$69,086 = $ 403,899.27 - $520,640
NPV$69,086 = -116,740.73
Step 2: Calculation of the net present value of alternative that pays a single lump-sum payment of $1,633,990 at the end of the 12 years
We have to first calculate the present value using the present value formula as follows:
PV$1,633,990 = $1,633,990 / (1 + r)^n ............. (3)
Where;
PV$1,633,990 = present value of $1,633,990 = ?
r = Simple rate of return = 0.1327, or 13.27%
n = Number of years = 12
Substitute the values into equation (3) to have:
PV$1,633,990 = $1,633,990 / (1 + 0.1327)^12 = $366,328.40
The net present value can now be calculated as follows:
NPV$1,633,990 = PV$1,633,990 - Investment cost ............... (4)
Where;
NPV$1,633,990 = net present value of alternative that pays a single lump-sum payment of $1,633,990 at the end of the 12 years = ?
Substitute the values into equation (4) to have:
NPV$1,633,990 = PV$1,633,990 - Investment cost = $366,328.40 - $520,640 = -$154,311.60
Conclusion
Since the NPVs of the two alternative are negative, none of the alternative should be selected by Coronado Inc.
Axel wants to punish a subordinate that he personally dislikes. However, the subordinate fulfils all his job duties and produces excellent work. Both Axel and the subordinate are governed by very comprehensive policies and rules negotiated by a union in a collective agreement. Which contingency does Axel lack that prevents him from arbitrarily punishing the subordinate
Answer: Discretion
Explanation:
Discretion simply means having the freedom to make judgment and take decisions without the person having to get permission form someone else or referring to certain rules.
Based on the question, we can see that Alex lack the discretion contingency as he can't decide and make decisions on his own and therefore cannot punish the subordinate.
Accounts Receivable: $24,000Allowance for Uncollectible Accounts: $1,000During the year there were $450,000 of credit sales, $460,000 of collections from credit customers, and $3,700 of write-offs of delinquent accounts. At the end of the year, the company adjusted for bad debts expense using the percent-of-sales method, and applied a rate, based on past history, of 1.2%. At the end of the year, what was the balance in the Accounts receivable
Answer: $10,300
Explanation:
The following can be deduced from the question:
Opening balance of the account receivable = $24,000
Accounts receivable after the credit sales would be calculated as:
= $24,000 + $450,000
= $474,000
We then calculate the accounts receivable after the collection of credit which will be:
= $474,000 - $460,000
= $14,000
Therefore, the the balance in the accounts receivable would be:
=$14,000 - $3,700
= $10,300
You purchased eight TJH call option contracts with a strike price of $37.50 when the option quote was $.55. The option expires today when the value of TJH stock is $37.10. Ignoring trading costs and taxes, what is your total profit on your investment
Answer:
-$4.40
Explanation:
Buyer of Call payoff = Max(S-K,0)
Buyer of Call payoff = Max(37.1-37.5,0)
Buyer of Call payoff = $0
Buyer of Call profit = Call payoff-premium
Buyer of Call profit = 0 - 0.55
Buyer of Call profit = -$0.55
So, for 8 options, Loss = 8*-$0.55 = -$4.40
So therefore, the total profit/loss on eight call option is -$4.40
The Tierney Group has two divisions of equal size: an office furniture manufacturing division and a data processing division. Its CFO believes that stand-alone data processor companies typically have a WACC of 9%, while stand-alone furniture manufacturers typically have a 13% WACC. She also believes that the data processing and manufacturing divisions have the same risk as their typical peers. Consequently, she estimates that the composite, or corporate, WACC is 11%. A consultant has suggested using a 9% hurdle rate for the data processing division and a 13% hurdle rate for the manufacturing division. However, the CFO disagrees, and she has assigned an 11% WACC to all projects in both divisions. Which of the following statements is CORRECT?
A. The decision not to adjust for risk means, in effect, that it is favoring the data processing division. Therefore, that division is likely to become a larger part of the consolidated company over time.
B. The decision not to adjust for risk means that the company will accept too many projects in the manufacturing division and too few in the data processing division. This will lead to a reduction in the firm's intrinsic value over time.
C. The decision not to risk-adjust means that the company will accept too many projects in the data processing business and too few projects in the manufacturing business. This will lead to a reduction in its intrinsic value over time.
D. The decision not to risk-adjust means that the company will accept too many projects in the manufacturing business and too few projects in the data processing business. This may affect the firm's capital structure but it will not affect its intrinsic value.
E. While the decision to use just one WACC will result in its accepting more projects in the manufacturing division and fewer projects in its data processing division than if it followed the consultant's recommendation, this should not affect the firm's intrinsic value.
Answer:
The Correct statement is option B. The decision of the company not to adjust for risk means that the company will have to accept too many projects in the office furniture manufacturing division and too few in the data processing division.
Explanation:
Based on the information given the decision of the company not to adjust to the risks will lead to the firm accepting project that are too many in the office furniture Manufacturing Divsion while that of data processing Division will accept too few project, which means that the firm will be at risk in a situation where they want to raise the cost of capital reason been that the company cash flow will be Discounted by the investor at a rate that is high which will inturn Lead to the company value to decline.
Therefore The Correct statement is option B.
An order getter is:________. a. a salesperson who specializes in identifying, analyzing, and solving customer problems, but who does not actually sell products and services. b. a salesperson who processes routine orders or reorders for products that are presold by the outbound telemarketers. c. a salesperson who sells in a conventional sense and identifies prospective customers, provides customers with information, persuades customers to buy, closes sales, and follows up on customers' use of a product or service. d. a person on the selling team who is responsible for obtaining qualified leads. e. a member of the sales support team who does not directly solicit orders but rather concentrates on performing promotional activities and introducing new products.
Answer:
An order getter is:________. a. a salesperson who specializes in identifying, analyzing, and solving customer problems, but who does not actually sell products and services. b. a salesperson who processes routine orders or reorders for products that are presold by the outbound telemarketers. c. a salesperson who sells in a conventional sense and identifies prospective customers, provides customers with information, persuades customers to buy, closes sales, and follows up on customers' use of a product or service. d. a person on the selling team who is responsible for obtaining qualified leads. e. a member of the sales support team who does not directly solicit orders but rather concentrates on performing promotional activities and introducing new products.
kkk
An order-getter is a salesperson who sells in a conventional sense and identifies prospective customers, provides customers with information, persuades customers to buy, closes sales, and follows up on customers' use of a product or service. A salesperson who is in charge of actively convincing customers to buy rather than merely taking orders that the customers voluntarily place.
What are the characteristics of successful order-getters?
They identify the needs of the customer, offer value-added technical and procedural solutions, and demonstrate genuine care for the client.
An order-getter is a sales team member who is in charge of generating leads and convincing clients to buy. These salespeople look for new clients, make contact with potential leads, and employ a variety of persuasion strategies to persuade prospects to purchase products.
Learn more about order-getters here:
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According to the Taylor rule, if inflation is 9% and the GDP gap is 4%, what is the recommendation for the federal funds rate target?
Answer: 16.5%
Explanation:
The Taylor Rule suggests that the Federal reserve should raise the fed funds rate if inflation rates are above the targeted rates and/ or if GDP is growing at a higher rate than it potentially should.
The rate is calculated as;
Federal funds rate target = (1.5 * Inflation rate) + (0.5 * GDP gap) + 1
= (1.5 * 9%) + (0.5 * 4%) + 1%
= 13.5% + 2% + 1
= 16.5%
Bramble Corp. incurs the following costs to produce 9300 units of a subcomponent: Direct materials $7812 Direct labor 10509 Variable overhead 11718 Fixed overhead 16200 An outside supplier has offered to sell Bramble the subcomponent for $2.85 a unit. If Bramble could avoid $3000 of fixed overhead by accepting the offer, net income would increase (decrease) by $(2052). $6534. $534. $(5697).
Answer:
$6534
Explanation:
Calculation for how much the net income would increase or (decrease)
First step is to calculate Total Costs to Make
Direct materials $7,812
Direct labor 10,509
Variable overhead 11,718
Avoidable Fixed 3,000
Total Costs to Make 33,039
Second step is to calculate the Total Costs to Buy
Costs to Buy= $2.85 * 9,300 units
Costs to Buy= $26,505
Last step is to calculate Net Income Increase or Decrease using this formula
Net Income Increase or Decrease = Costs to Make – Costs to Buy
Net Income Increase or Decrease =$ 33,039 -$26,505
Net Income Increase or Decrease = $6534
Therefore how much the net income would increase or (decrease) will be $6534
Inflation is a measure of how prices
You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 2 million shares of stock. Since then, you have sold an additional 1 million shares of stock to angel investors. You are now considering raising capital from a venture capital firm. This venture capital firm would invest $5 million and would receive 4 million newly issued shares in return. After the venture capitalist's investment, the post-money valuation of your shares is closest to
Answer:
$5 million
Explanation:
Calculation for the post-money valuation of your shares
First step is to calculate the total shares outstanding after the venture capitalist's investment:
Total shares = 2 million shares + 1 million shares + 4 million shares
Total shares = 7 million shares
Second step is to calculate the Amount paid by venture capitalist
Using this formula
Amount paid by venture capitalist = Total value / Number of shares purchased
Let plug in the formula
Amount paid by venture capitalist = $5 million / 4 million shares
Amount paid by venture capitalist = $1.25 per share
Last step is to calculate the post-money valuation
Using this formula
Post-money valuation = Amount paid by venture capitalist * Shares subscribed
Let plug in the formula
Post-money valuation = $1.25 * 4 million shares
Post-money valuation = $5 million
Therefore After the venture capitalist's investment, the post-money valuation of your shares is closest to$5 million
On June 1, 2021, Emmet Property Management entered into a 2-year contract to oversee leasing and maintenance for an apartment building. The contract starts on July 1, 2021. Under the terms of the contract, Emmet will be paid a fixed fee of $54,000 per year and will receive an additional 10% of the fixed fee at the end of each year provided that building occupancy exceeds 80%. Emmet estimates a 20% chance it will exceed the occupancy threshold, and concludes the revenue recognition over time is appropriate for this contract. Assume Emmet estimates variable consideration as the most likely amount. How much revenue should Emmet recognize on this contract in 2021? Multiple Choice $27,540 $54,000 $30,750 $27,000
Answer:
$27,540
Explanation:
Expected amount = Possible amount into probability
Expected amount = ($54,000*80%) + ($54,000+10%)*20%
Expected amount = $43,200 + ($54,000+$5,400)*20%
Expected amount = $43,200 + $59,400*20%
Expected amount = $43,200 + $11,880
Expected amount = $55,080
Revenue to be recognized on this contract in 2021 = $55,080 * 6/12 = $27,540.
a U.S. corporation, receives $500,000 of foreign-source taxable income. Foreign taxes of $270,000 are paid. Peanut’s worldwide taxable income is $900,000, and its U.S. Federal income tax liability before any foreign tax credit (FTC) is $170,000. What is Peanut’s FTC carryforward
Answer: $94,444.44
Explanation:
Peanut's FTC can be calculated as;
= US Federal tax liability * Foreign-source taxable income/Worldwide taxable income including US
= 170,000 * 500,000/900,000
= $94,444.44
Environmental Designs issues 10,000 shares of its $1 par value common stock at $25 per share. (1) Record the issuance of the stock. (2) Record the issuance of stock assuming it is no-par stock.
Answer:
1. Dr Cash 250,000
Cr Common Stock 10,000
Cr Additional Paid-in Capital 240,000
2. Dr Cash 250,000
Cr Common Stock250,000
Explanation:
(1) Preparation of the journal entry toRecord the issuance of the stock
Dr Cash 250,000
(10,000 shares × $25)
Cr Common Stock 10,000
(10,000 shares × $1)
Cr Additional Paid-in Capital
240,000
(250,000-10,000)
( Being to record the Issue of common stock above par)
(2) Preparation of the journal entry to Record the issuance of the stock assuming it is no-par value stock.
Dr Cash 250,000
(10,000 shares × $25)
Cr Common Stock250,000
(Being to record the Issue of no-par value common stock)
Use the information in the adjusted trial balance presented below to calculate current assets for Jones Company: Account Title Debit Credit Cash 47,000 Accounts receivable 24,000 Prepaid insurance 9,800 Equipment 180,000 Accumulated Depreciation - Equipment 90,000 Land 103,000 Accounts payable 25,000 Interest payable 4,400 Unearned revenue 7,400 Long-term notes payable 54,000 J. Jones, Capital 183,000 Totals 363,800 363,800
Answer:
the current asset for Jones company is $80,800
Explanation:
The computation of the current asset is shown below
Current Assets = Cash + Accounts Receivable+ Prepaid Insurance
= $47,000 + $24,000 + $9,800
= $80,800
hence, the current asset for Jones company is $80,800
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The following information for Cooper Enterprises is given below:December 31, 2018Assets and obligations Plan assets (at fair value) $600,000Accumulated benefit obligation 1,110,000Projected benefit obligation 1,200,000Other Items Pension asset / liability, January 1, 2018 30,000Contributions 360,000Accumulated other comprehensive loss 503,700There were no actuarial gains or losses at January 1, 2018. The average remaining service life of employees is 10 years. What is the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2018?a. $600,000b. $90,000c. $1,110,000d. $1,200,000
Answer:
a. $600,000
Explanation:
The computation of the amount reported as a pension liability on the balance sheet is as follows:
= Projected benefit obligation - plant asset at fair value
= $1,200,000 - $600,000
= $600,000
Hence, the amount reported as a pension liability on the balance sheet is $600,000
Therefore the correct option is a.
Why are stocks considered a high-risk form of investment?
Answer:
A.
The value of stocks can rise and fall unpredictably
Explanation:
An assembly line with 15 tasks is to be balanced. The longest task is 2.9 minutes, and the total time for all tasks is 17 minutes. The line will operate for 450 minutes per day. a. What are the minimum and maximum cycle times
Answer:
Minimum ⇒ 2.9 minutesMaximum ⇒ 17 minutesExplanation:
Minimum cycle time ⇒ This is the time taken for the longest task to be completed. In this case that is 2.9 minutes.
Maximum cycle time ⇒ This is the time taken for all the tasks to be completed. In this case that is 17 minutes.
Annalise received financial aid offers from two universities.
Financial Analysis for Option A
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$10,000
$7,000
Room & Board
Work-Study
$11,500
$4,000
Financial Analysis for Option B
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$28,000
$18,000
Room & Board
Work-Study
$9,000
$4,000
Which statement about the costs per year is true?
Option A will save her $4,500.
Option B will save her $7,000.
Option B will save her $11,000.
Option A will save her $15,500.
Answer:
Option A will save her $15,500.
Explanation:
Financial aid is the assistance given to students to cater to a college education. It excludes Scholarships and grants as these are not cost items by other forms of assistance.
Total for University Option A excluding scholarships and grants
Tuition & Fees $10,000
Room and Board $11,500
Work-Study $ 4,000
Total for A $25,500
For university option B
Tuition & Fees $28,000
Room & Board $ 9,000
Work-study $ 4,000
Total for B $41,000
Option B is more costly than A by :$41,000 - $25,500=$15,500.
Therefore, Option A saves $15,500
Answer:
Option A will save her $4,500.
Explanation:
An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 46; federal income tax withheld, $120; cumulative earnings for the year prior to this week, $5,500; Social security tax rate, 6%; and Medicare tax rate, 1.5%; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, 0.8% on the first $7,000.
Required:
Prepare the journal entries to record the salaries expense and the employer payroll tax expense. Refer to the Chart of Accounts for exact wording of account titles. Round your answers to two decimal places.
CHART OF ACCOUNTS
General Ledger
ASSETS
110 Cash
111 Accounts Receivable
112 Interest Receivable
113 Notes Receivable
115 Merchandise Inventory
116 Supplies
118 Prepaid Insurance
120 Land
123 Building
124 Accumulated Depreciation-Building
125 Office Equipment
126 Accumulated Depreciation-Office Equipment
LIABILITIES
210 Accounts Payable
213 Interest Payable
214 Notes Payable
221 Salaries Payable
222 Social Security Taxes Payable
223 Medicare Taxes Payable
224 Federal Withholding Taxes Payable
225 State Withholding Taxes Payable
226 Federal Unemployment Comp. Taxes Payable
227 State Unemployment Comp. Taxes Payable
228 State Disability Insurance
231 Medical Insurance Payable
232 Retirement Savings Deductions Payable
233 Union Dues Payable
234 Vacation Pay Payable
241 Product Warranty Payable
EQUITY
310 Common Stock
311 Retained Earnings
312 Dividends
313 Income Summary
Answer:
Explanation:
Regular earnings = 40*$15 = $600
Overtime earnings = (46-40)*15*1.5 = $135
Gross earnings = Regular earnings + Overtime earnings = $600 + $135 = $735
Date Description Debit Credit
Dec. 31 Salary Expense $735
Federal Withholding Taxes Payable $120
Social Security Taxes Payable (735*6%) $44.10
Medicare Taxes Payable (735*1.5%) $11.03
Salaries Payable $559.87
Dec 31 Payroll Tax Expense $86
Social Security Taxes Payable $44.10
Medicare Taxes Payable $11.03
State Unemployment Comp. $24.99
-Taxes Payable (735*3.4%)
Federal Unemployment Comp. $5.88
Taxes Payable (735*0.8%)
at what level are milestones tracked?
a. executive level
b. consumer level
c. stakeholder level
d. organizational level
Answer:organizational
Explanation:
A p e x
Bonita Industries is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Bonita made payments to the construction company of $3090000 on 7/1, $6408000 on 9/1, and $5840000 on 12/31. Weighted-average accumulated expenditures were
Answer:
Bonita Industries is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Bonita made payments to the construction company of $3090000 on 7/1, $6408000 on 9/1, and $5840000 on 12/31. Weighted-average accumulated expenditures were
A present value of $2600 is invested in an account with an annual interest rate of 4.1% . Determine the minimum amount of time required for the present value to triple, assuming the interest is compounded monthly. The minimum amount of time required is:
Answer:
The minimum amount of time required is:
26.82 years.
Explanation:
Present value = $2,600
Future value = $7,800 ($2,600 * 3)
Annual interest rate = 4.1%
Monthly interest rate = 4.1%/12 = 0.342%
$2,600 will need to be invested for 321.781 (26.82 years) periods to reach the future value of $7,800.00.
FV (Future Value) $7,800.00
PV (Present Value) $2,600.00
N (Number of Periods) 321.781
I/Y (Interest Rate) 0.342%
PMT (Periodic Payment) $0.00
Starting Investment $2,600.00
Total Principal $2,600.00
Total Interest $5,200.00