Answer:
$65,076,885.59
Explanation:
We use the Present value formula that is shown in the spreadsheet attachment
Given that,
Future value = $0
Rate of interest = 6.5%
NPER = 10 years
PMT = $85,000,000 ÷ 10 annual payments = $8,500,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $65,076,885.59
Based on the involuntary conversion rule governing the deferring of gains, the data that Cassidy has to defer the gain is December 31, 2025.
<h3>Which data can Cassidy defer to gain to?</h3>
Cassidy can defer to the gain to three (3) years after the first date in the year that the gain was received.
The gain was received in 2022 so the first date is January 1, 2022. The date the gain can be deferred to is therefore December 31, 2025.
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Answer:
a) Benefit = (380 students multiplied by Willing to pay) minus the Initiative's cost
(380 x $14) - $1,540 = $3,780
b) The benefit is more than the cost.
c) B. Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.
Explanation:
1. A benefit is the positive result of a transaction, initiative, or project. It is calculated as the difference between the revenue derived from the project minus the cost. A project is acceptable if the benefits outweigh the cost. Since beautification is a public good, the benefit is not only in terms of finances, environmental beautification is a benefit in its own right.
2. A random sample is a sample obtained using the sampling technique called random sampling. It is used to avoid bias. Using the entire population also avoids bias. So random sampling is a good method of surveying and gathering data, and as such does not "yield misleading data."
Allen is recording payroll that was processed outside. journal entry quick books function would be most useful.
The QuickBooks accounting software suite was developed and is offered for sale by Intuit. The first version of Quicken did not function as a "double-entry" accounting program. Small and medium-sized businesses are the main target market for QuickBooks products, which were initially released in 1983. They provide on-premises accounting programs as well as cloud-based versions that collect payments from clients, manage and pay bills, and manage payroll. The inaugural QuickBooks release was the DOS version, which was built on the Quicken codebase. The Windows and Mac versions, which shared a different codebase, were built on the In-House Accountant software that Intuit had acquired. The program was preferred by small business owners who lacked fundamental accounting expertise. The program quickly accounted for up to 85% of the small business as a result.
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The entry for the dividend declaration is as following:
Debit Cash Dividend $12,000
Credit Dividend Payable $12,000
To acquire the amount we must multiply the dividend per share which is 0.06 with a number of common shares issued which is 20,000. Capston, Inc have to entry this transaction as the dividend declares although the cash has not yet disbursed to comply with the accrual principle.
The treasury stock must be ignored because it is the portion of stocks which held by the company in its own treasury and the amount of authorized stock because it is not yet issued and the company doesn't have the obligation to pay that portion of stocks dividend<span>.</span>