Answer:
$386,080
Explanation:
In order to find the Coverage of sally's investment in life insurance for 10year can be done by making 10-year table
Year Cashflow Discount factorI5%) Present Value
$ $ $
1 50,000 0.9524 47,620
2 50,000 0.9070 45,350
3 50,000 0.8638 43,190
4 50,000 0.8337 41,135
5 50,000 0.7835 39,175
6 50,000 0.7462 37,310
7 50,000 0.7107 35,535
8 50,000 0.6768 33,840
9 50,000 0.6446 32,230
10 50,000 0.6139 30,695
NPV = Sum of all present values
NPV = $386,080
Answer:
i think your answer is correct
Explanation:
hello
Answer:
Dr Rent revenue
Cr Unearned rent revenue, $4,500
Explanation:
Preparation of XYZ Company Journal entry
Since we were told that the Company received the amount of $18,000 on April 1, 2020 for a one year's rent paid in advance in which the transaction has a credit to a nominal account, this means we have to record the transaction by Debiting Rent revenue with 4,500 and Crediting Unearned rent revenue, with the same amount of $4,500 calculated as
(3/12 x $18,000 ).
Dr Rent revenue
Cr Unearned rent revenue, $4,500
(3/12 x $18,000 )
Answer:
PV= $45,489.44
Explanation:
Giving the following information:
Discount rate= 10%
Cash flow= $12,000
Number of years= 5
First, we need to calculate future value. We will use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {12,000*[(1.1^5) - 1]} / 0.1
FV= $73,261.2
Now, the present value:
PV= FV/(1+i)^n
PV= 73,261.2/1.1^5
PV= $45,489.44
The answer would be a general ledger
