Answer:
$6,972.70
Explanation:
The computation of the annuity paying amount is shown below:
= Buying amount of annuity × annuity rate for 3 years at 5.5%
= $2,450 × 2.846
= $6,972.70
Refer to the annuity table
Simply we multiplied the buying amount with its annuity rate for 3 years at 5.5% so that the accurate amount can come i.e annuity paying amount
The wheel communication network structure is the most centralized.
The wheel structure consists of one or a small group of people who receive information and then spread it to the rest of a group. The other types are chain, where one person passes information on to the next on down the line and all-channel where everyone in the network has equal ability to communicate with everyone else in the group.
Well aware that their opportunity cost of attending college is very high.
Answer:Skysong journal $
Date
December 2020
Raw material Dr 984,100
Loss on raw material 48,000
Supplier Cr 1,032,100
Narration. recognition of raw materials purchased at agreed value.
2021
Supplier Dr. 1,032,100
Bank Cr. 1,032,100
Narration. Payment for raw materials purchased at agreed value.
Explanation:
The raw materials needs to be paid for at the agreed value not withstand ing the fall in value. However stock are to be recognized at cost or net realisable value which ever is less and since the market value of the stock has dropped this has to be recognized as a loss in the income statement to avoid the stock been over value.
