Her purchasing power over the year remains the same.
Since the prices (inflation) rise with the same pace as the value of the money (interest rate), Beth can keep buying the same amount of products. Her purchasing power remains equal.
One way to make the most of your money is to put any you have left over into your super
For many people, this is a tax effective way to save for the long term.
Answer:
We consider the salvage value as an income at the last moment.
Explanation:
The salvage value is the money we can when we sell the fixed assets we use in project.
When we compute the net present value , we consider the salvage value as an income in the last moment. We have to consider the time of the project to bring it at the actual moment. If the rate of discount is different to 0, the actual value of salvage value , will always be smaller that the $45,000
Answer: These could be categorized as follows :-
Explanation:
a. Accounts receivable = Asset in balance sheet
b. Sales = Revenue in income statement
c. Equipment = Asset in balance sheet
d. Supplies expense = Expense in income statement
e. Cash = Asset in balance sheet
f. Accounts payable = Liability in balance sheet
g. Retained Earnings = Equity in balance sheet
h. Revenue = Revenue in income statement
i. Contributed Capital = Equity in balance sheet
j. .Cost of Goods Sold = Expense in income statement
k. Notes Payable = Liability in balance sheet
l. Selling and Administrative Expenses = Expense in income statement
Answer:
The correct answer is $105,000.
Explanation:
According to the scenario, the given data are as follows:
Cost of the plane = $85,000
Modification cost = $20,000
So, we can calculate the net cost of the plane by using following formula:
Net cost of the Plane = Cost of the plane + Modification cost
By putting the value, we get
Net cost of the plane = $85,000 + $20,000
= $105,000
