Answer:
Real cost of the tv= $1104
Explanation:
Giving the following information:
You can buy a TV now, and wait a year to pay (with no interest).
So, if you take home a $ 1,150 TV today, you will owe them $ 1,150 in one year.
Your bank is offering 4 % interest, you can lend the $1,150 to the bank and profit from the interest generated.
We need to use the following formula:
FV= PV*(1+i)^n
FV= Final value
PV= present value
i= interest rate
n= number of years
FV= 1150*(1.04)^1= $1196
Real cost of the tv= 1150- 46= $1104
I guess the correct answer is the demand for tarot card readers has increased.
Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen. One can conclude that the demand for tarot card readers has increased.
Answer and Explanation:
The preparation of the operating activities section is shown below:
Rodriguez Company
Statement of Cash Flows (partial)
Cash flows from operating activities:
Net loss $ (6,400)
Adjustments
Add: Depreciation expenses $4,500
Add: Amortization of copyright $200
Add: Decrease in accounts receivable $5,000
Add: Increase in salaries payable $11,000
Less: Decrease in other current liabilities -$1,800
Net cash flow from operating activities $12,500
The negative sign reflects the cash outflow and the positive sign reflects the cash inflow
Answer:
Worthy Ships:
Treasury Stock account balance would be $80,000.
Explanation:
Treasury Stock account is a contra account to the Common Stock account. Using the cost method, the account will have a debit entry and balance of $400,000 in 2023. In 2024, with the resale of shares, the account will have a credit entry of $320,000. This would bring the balance to $80,000 at the end of 2024.
Answer:
Im going with either 1million a day or 10k an hour