Answer:
<u>The present value of the loan is $45,297</u>
Explanation:
Instalment (A)= $9,000.00
PV factor (B)= 5.033
Present value of loan (A x B)
=$ 45,297
<span>Popular author J. K. Rowling, who was once poor, has earned a fortune with her Harry Potter books. Rowling is now a member of the upper-middle class.
Though J. K. Rowling has made a fortune for herself from her Harry Potter series and moves, she started out on the very bottom. Most people in the upper-upper class have been wealthy from generations to generations and it is passed down. Though members of that class can earn it on their own, they are typically people in power over major decisions. Rowling is above the middle class as income goes and falls right in the upper-middle class category. </span>
1. The missing amounts should be determined in the following manner:
On Company A. Materials inventory December 1 Materials inventory December 31-+Materi also purchased -Cost of direct materials
Off Company Total manufacturing costs incurred in December -Direct labor Cost of direct materials used in production -Factory
2. On Company's statement of goods manufactured should be prepared as follows:
On Company Statement of Goods Manufactured For the Month of December 2016 Materials inventory December 1 Add: Purchases Total
3. On Company's income statement should be prepared as follows:
On Company Income Statement For the Month of December 2016 Sales 1,127,000 827.400 299,600 Less: Operating expenses 117,600.
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Answer:
$251,000
Explanation:
Calculation to determine the amount of cost of goods manufactured for the year
Using this formula
Cost of goods manufactured=Debit to Finished Goods+Credit to Work in Process
Let plug in the formula
Cost of goods manufactured =$226,000+$25,000
Cost of goods manufactured =$251,000 (entry f)
Therefore the amount of cost of goods manufactured for the year is $251,000 (entry f)
Large-denomination CDs are negotiable so that like a bond they can be resold in a secondary market before they mature.
- A lender is more likely to make long-term loans as opposed to short-term loans when interest rates are anticipated to rise in the future.
- Noninterest revenue, or off-balance sheet activity, can help banks raise their earnings. What impact do off-balance sheet activities like securities guarantees and backup credit lines have on the risk that the bank faces?
- Banks profit more when interest rates are higher by capitalizing on the discrepancy between the interest they pay to customers and the interest they may gain on investments.
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