Answer:
$12,556.37
Explanation:
Calculation to determine What is the future value
Using this formula
Future value = PV(1 + r)^n
Let plug in the formula
Future value = $3,100[1 + (.084/2)]^17(2)
Future value = $12,556.37
Therefore the future value is $12,556.37
Answer:
The correct answer is the option C: The project organization must operate the work product of the project for a while
Explanation:
To begin with, the name of <em>"Build-operate-transfer"</em> or BOT is used to refer to a form of project delivery method in where a private entity receives the concession from the public sector with the only purpose of financing, constructing, own and operate a facility stated previously in the contract done by all the parties. Therefore that this type of method is used in large scale infrastructure projects with the purpose of making the process easier.
Answer:
Journal Entry
Job 233
Dr Wage Control A/c $10,600
Cr. Work in Process A/c $10,600
Job 234
Dr Wage Control A/c $12,300
Cr. Work in Process A/c $12,300
Explanation:
Work in process account is used to record all the cost of manufacturing products which is under process. This account maintain the records of product under process and transferred these costs when products are completed.
Job 233
Wage expense = 530 x $20 = $10,600
Job 234
Wage expense = 615 x $20 = $12,300
The reserve requirement when the federal reserve banks sell $40 million in government securities to commercial banks is $8 million.
<h3>How to calculate the reserve requirement?</h3>
From the information given, the the federal reserve banks sell $40 million in government securities to commercial banks and the reserve ratio is 20 percent.
Therefore, the reserve requirement will be:
= 20% × $40 million
= $8 million.
Learn more about reserve requirements on:
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Answer:
Explanation:
The statement of stockholder's equity comprises common stock and retained earnings. The ending balance after adjustment shown in the attached spreadsheet.
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
And, the ending balance of the common stock = Beginning balance of common stock + issued shares
Before preparing the statement of stockholders’ equity we need to calculate the net income or net loss as the case may be. The computation is shown below:
Net income = Sales revenue - cost of goods sold - operating expenses
= $780,800 - $519,000 - $88,800
= $173,000
The preparation of the statement of stockholders’ equity is presented in the spreadsheet. Kindly find the attachment below:
