Answer:
$22,175.40
Explanation:
For this question, we use the Future value formula that is shown on the attachment below:
Provided that,
Present value = $0
Rate of interest = 7%
NPER = 10 years
PMT = $1,500
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the future value is $22,175.40
Therefore, the amount at the end of the year is $22,175.40
Answer: a. 10 utils
Explanation: The marginal utility from consumption of the third unit of goods is gotten by taking the difference between the total utility derived from three units of goods and the total utility derived from two units of goods.
Total utility from three units = 84 utils
Total utility from two units = 74 utils
84 - 74 = 10 utils which is the marginal utility of the third unit.
In order to calculate the depreciation using the double declining balance method you must first calculate the amount of depreciate using the straight line method. After you calculate it by the straight line method, you simply need to double it for this this problem.
The original price is $20,000, and then subtract the $2,000 estimated trade in value and the answer is $18,000. This is the amount that you need to depreciate.
Straight line method: $18,000 divided by the 5 year useful life = $3,600 per year.
Double declining balance = $3,600 x2 = $7,200 per year depreciation.
Year Depreciation Amount
1 7,200
2 7,200
3. 3,600
Answer:
c.Rents occur at the beginning of each period of an annuity due.
Explanation:
First, know the difference between Ordinary annuity and Annuity due.
In Ordinary annuity, recurring payments occur at the end of the payment period; for example at the end of every month, end of ever year , end of every quarter etc.
On the other hand, in the case of Annuity due, the recurring payments occur at the beginning of the period like at the beginning of the month, beginning of the year;Jan 1st, or beginning of every quarter
In the case of rent, tenants pay rent at the beginning of each month making this type of payment an Annuity Due.
Answer:
A debit to Finished-Goods Inventory
Explanation:
While recording this transaction, the journal entry is as follows
Finished goods inventory $45,000
To work in process inventory $45,000
(Being the completed units are recorded)
For recording this, we debited the finished goods inventory and credited the work in process inventory so that the correct posting could be done and the same is shown above
