Answer:
The value of the island as of 2012=$3,624,771,902
Explanation:
To determine the future value of the 1626 investment, use the expression below;
F.V=P.V(1+r)^n
where;
F.V=future value of investments
P.V=present value of the investment
r=annual interest rate
n=number of years
In our case;
F.V=unknown
P.V=$24
r=5%=5/100=0.05
n=386 years
Replacing;
F.V=24(1+0.05)^386
F.V=24(1.05)^386
F.V=$3,624,771,902
The value of the island as of 2012=$3,624,771,902
Answer:
23.68%
Explanation:
The computation of the cost of not taking a cash discount is shown below:-
Cost of not taking a cash discount = [Discount percentage ÷ (100% - Disc.%)] × (360 ÷ (Final due date - Discount period))
= (2% ÷ 98%) × (360 ÷ (50 - 19))
= 2.04% × 11.61
= 23.68%
Therefore for computing the cost of not taking a cash discount we simply applied the above formula.
Media relations is an organizational activity that results in the development, coordination, and organization of information about that organization and its presentation to the public through the mass media.
Media relations refers to the mutually beneficial contact between journalists and public relations professionals. The simplicity with which journalists may access story ideas and sources is one of the most significant advantages.
Media relations are essential for increasing brand recognition, establishing corporate reputation, and learning about client preferences and choices. Customers can learn about the company's products and services by visiting the blog or online networking networks.
Therefore, the answer is media relations.
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Answer:
Journal entries
Explanation:
The journal entries are shown below:
a. Loss $1,140,000
To Contingent liability $1,140,000
(Being the contingent liability is recorded)
b. Loss $940,000
To Contingent liability $940,000
(Being the contingent liability is recorded)
c. No journal entry is required
d. No journal entry is required
Therefore, only first two journal entries are required
Answer:
cost of goods manufactured= = $222,800
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
beginning WIP = 6,000
Direct material used= 10,300 + 90,000 - 6,500= 93,800
Direct labor= 60,000
Manufacturing overhead= 75,000
Ending WIP= (12,000)
cost of goods manufactured= = $222,800