The amount of lump sum that has to be repaid in 4 years is calculated using the future value formula as shown below:
FV = PV*(1+r)^n where
PV = Present value = 9,500
r = interest rate = 8.9% = 0.089
n = time in years = 4
FV = 9,500*(1+0.089)^4
FV = 9500*1.089^4
FV = $13,360.88
The amount that you have to repay in lump sum after four years = $13,360.88 (Rounded to 2 decimals)
Answer:
have
Explanation:
j is the oldest son has not been to the
Answer:
June 30
Explanation:
As per the revenue recognition principle, the revenue is recognized when it is earned or realized that means service is performed but the payment is not made at the time of providing the service.
It is not get impacted when will be the cash received.
So, in the given case, the large sale is made on June 30 and on June 30 the revenue would be recognized.
Answer:
a. 29%
Explanation:
Given that
Contribution margin = $55,900
Sales = $190,000
The computation of contribution margin ratio is shown below:-
Contribution margin ratio = Contribution margin ÷ Sales
= $55,900 ÷ $190,000
= 29%
Therefore for computing the contribution margin ratio we simply divide sales by contribution margin ratio.
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