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andriy [413]
3 years ago
14

The contract will be awarded to ____ meets our qualifications. whomever whoever

Business
1 answer:
diamong [38]3 years ago
7 0
Answer will be whoever
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Depreciation on the company’s wind turbine equipment for the year is $6,200. The Prepaid Insurance account for the solar panels
GrogVix [38]

Answer & Explanation:

depreciation expense                  6,200  debit

  accumulated depreciation wind turbine   6,200 credit

to record depreciation expense

insurance expense       2,000 debit

        prepaid insurance                      2,000 credit

to record expired insurance

unearned revenue 2,200 debit

                service revenue    2,200 credit

to record service paid in advance

wages expense 2,400 debit

   wages payable     2,400 credit

to record accrued wages for the period

interest receivable 520 debit

    interest revenue          520 credit

to record interest earned for the period.

8 0
3 years ago
Olinick Corporation is considering a project that would require an investment of $324,000 and would last for 8 years. The increm
mylen [45]

Answer:

Payback period = 3.5 years

Explanation:

Net income                           $50,000.00

Add: Depreciation expense<u> $42,000.00</u>

Net annual cash inflow     <u>  $92,000.00</u>

Payback period = Initial investment / Annual cash inflows

= $324,000 / $92,000

= 3.5 years

5 0
3 years ago
AIS documentation is useful for accomplishing all of the following except:
Nataliya [291]

Answer:

E) Assuring that the company is profitable

Explanation:

Accounting processes are not meant to ensure that a company is profitable or not, they are meant to report the actual state of a company, not the desired one. If the company is profitable, then accounting should report that, if the company is losing money, then accounting should report that instead.

Accounting information system (AIS) documentation refers to the process by which accounting and financial data flows are traced.

6 0
3 years ago
You are considering investing in a project with the following possible outcomes: Probability of Investment States Occurrence Ret
frutty [35]

Answer:

SD = 0.0740270 or 7.40270 percent rounded off to 7.403 percent

Explanation:

To calculate the standard deviation of the investment, we must first calculate the expected or mean return of the investment. The expected or mean return can be calculated as follows,

r = pA * rA  +  pB * rB  +  ...  +  pN * rN

Where,

  • pA, pB, ... represents the probability of state occurrence
  • rA, rB, ... represents return A, return B and so on  under each state

r = 0.2 * 0.16  +  0.4 * 0.12  +  0.2 * 0.05  +  0.2 * -0.05

r = 0.08 or 8%

The formula to calculate the standard deviation of a stock/investment is as follows,

SD = √pA * (rA - r)²  +  pB * (rB - r)²  +  ...  +  pN * (rN - r)²

SD = √0.2 * (0.16 - 0.08)²  +  0.4 * (0.12 - 0.08)²  +  0.2 * (0.05 - 0.08)²  +  0.2 * (-0.05 - 0.08)²

SD = 0.0740270 or 7.40270 percent rounded off to 7.403 percent

4 0
3 years ago
A family wishes to accumulate 50,000 i a college education fund by the end of 20 years. If they deposit 1,000 into the fund at t
Charra [1.4K]

Answer:651.73

Explanation:

1,000s20|0.07+Xs10|0.07= 50,000. Therefore,X=50,000-1,000s20|s10|=50,000-40,995.4313.81643= 651.73

8 0
3 years ago
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