Answer:
The cost of the machine will be $85,358.88
Explanation:
To calculate the present value of the machine is given by:
Present value=$16000*Present value of annuity factor(10%,8)
=$16000*5.33493
= $85,358.88
Answer:
15 years
Explanation:
If you are constructing a portfolio to cover the education expenses of your child and you expect that he/she graduates from college in 15 years, then the time horizon of your portfolio should be 15 years since it should cover all the expenses until your child graduates. If you start a little earlier and expect your child to graduate in 20 years, the time horizon will be 20 years, or if you start a little later and expect your child to graduate in 10 year, then the time horizon is 10 years.
Explanation:
1. The journal entry is as follows:
On March 1
Prepaid insurance A/c Dr $36,000
To Cash A/c $36,000
(Being the prepaid insurance is recorded for cash)
For recording the advance purchase of insurance, we debited the prepaid insurance and credited the cash account. Both the accounts are recorded at $36,000 so that the proper posting could be done.
Answer:
d more centralized planning in economic decision making
Explanation:
A command economy is where the government makes all the economic decisions and owns factors of production.
A market economy is where production decisions are made by the forces of demand and supply. There is consumer sovereignty to make production decisions in this type of economy.
I hope my answer helps you
Answer: $19,000
Explanation:
Given that,
Service Revenue = $10,000
Cash = $12,000
Accounts Receivable = $3,000
Office Supplies = $4,000
Rent Expense = $2,000
Salaries Expense = $1,200
Utilities Expense = $800
Accounts Payable = $3,200
Amount of total Assets = Cash + Accounts Receivable + Office Supplies
= $12,000 + $3,000 + $4,000
= $19,000
