Answer:
$52,745
Explanation:
The computation of annual saving in transportation cost is shown below:-
Cost of plane = Annual saving in transportation cost x PVAF (i%, n) + Residual value × PVF (i%, n)
306,840 = Annual saving in transportation cost × PVAF (8%, 6) + 100,000 (8%,6)
306,840 = Annual saving in transportation cost × 4.623 + 100,000 × 0.630
306,840 = Annual saving in transportation cost × 4.623 + 63,000
Annual saving in transportation cost = $306,840 - $63,000
= 243,840 ÷ 4.623
= $52,745
Therefore for computing the annual saving in transportation cost we simply applied the above formula.
Answer:
The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.
Explanation:
Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance
Allowance for Uncollectible Accounts = $1,000 + $1,100
Allowance for Uncollectible Accounts = $2,100
So, The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.
Answer:
The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.
Explanation:
The quantity of output produced is 500 units.
The marginal cost of producing 500 units is $1.50.
The minimum average variable cost is $1.
The price of the product is $1.25.
The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.
The answer is true. By way of upbringing, unemployment compensation is a package that your state manages and which swaps some of your salaries when you lose your job. Each state's package is dissimilar. Maximum weekly assistances range from a little of about $200 to a high of about $600. In most states, you can acquire up to 26 weeks of benefits. Some states offer fewer; Georgia is the lowest at 18 weeks.
Answer:
January 1, 2018
Dr. Cash $70,000
Cr. Bond Payable $70,000
June 30, 2018
Dr. Interest Expense $2,450
Cr. Cash $2,450
Explanation:
If the market rate is equal to the coupon rate of a bond, the bond will be issued at par. Bond is recognised as a liability and recorded in the account of Bond Payable.
Interest is paid on the face value and stated rate of the bond.
Interest Payment = Face value x Coupon rate x 6/12 = $70,000 x 7% x 6/12 = $2,450.