The maximum daily profit for the company is $860
<h3>
What is an inequality</h3>
Inequality is an expression that shows the non equal comparison of two or more variables and numbers.
Let x represent the number of bed and y represent the number of pillow, hence:
4x + 2y ≤ 40 (1)
Also:
2x + 4y ≤ 32 (2)
From the graph, the solution is at:
(8, 4)
Profit = 80x + 55y = 80(8) + 55(4) = $860
The maximum daily profit for the company is $860
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Answer: B. FIFO method
Explanation: The inventory prices of goods as calculated by a firm will remain the same at year end if a firm's inventory price is automatically updated on account of any additional inventory purchase and also if done on a periodic basis. This will occur only when the inventory pricing system is based on First-in-First-out method, whereby the prices of first inventory purchase is first associated or applied on goods sold until the unit in the inventory is exhausted. This allows prices of goods to move based on period of purchase where older prices gets precedence over the newer inventory purchase.
Answer:
X=97.24
Explanation:
PV = Present Value = X+2000 by the 16th years
PMT = Payments = $100
FV = Future Value = 2000 at the end of 16 years
n= number of years
Applying the equation of future value for annuity
FV = pmt* ((1+r)ⁿ - 1
)/r
Inputting the values;
2000=100*((1+r)¹⁶-1)/r
Solving for r, gives r = 2.9%
Therefore using the formula for PV for annuity;
PV=PMT*(1-(1/1+r)/r)
X=100*(1-(1/1.029)/0.029
X=100*((1-0.9718)/0.029)
X=100*(0.0282/0.029)
X=97.24
quizlet calaf’s drillers erects and places into service an off-shore oil platform on january 1, 2021, at a cost of $10,000,000. calaf is legally required to dismantle and remove the platform at the end of its useful life in 10 years. calaf estimates it will cost $1,000,000 to dismantle and remove the platform at the end of its useful life in 10 years. (the fair value at january 1, 2021, of the dismantle and removal costs is $450,000.) prepare the entry to record the asset retirement obligation.
Oil Platform 450,000
Asset Retirement Obligation 450,000
What is asset retirement obligation?
An asset retirement obligation is a contractual requirement for the retirement of a tangible long-lived asset, the timing of which may depend on the occurrence of a future event outside the control of the entity bearing the obligation.
Therefore,
Oil Platform 450,000
Asset Retirement Obligation 450,000
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A; a deficit due to improving nationwide public transportation. Surplus in this case means that we have left over money.
