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3 years ago

8

Using the tables above, what would be the present value of $15,000 to be received at the end of each of the next 2 years, assumi

ng an earnings rate of 6%?
a. $27,495

b. $25,350

c. $26,040

d. $30,000

1 answer:

LUCKY_DIMON [66]3 years ago

7 0

The answer to this question is: D. 30,000

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How is a contingent liability reported if it is considered ""reasonably possible?""

viva [34]

This is because a loss would be recorded (debit) and liability established (credit) in advance of the settlement.

Responsibility is the responsibility of the individual or company and is usually the amount. Debts are settled over time by the transfer of economic interests, including money, goods, or services. The liabilities shown on the right side of the balance sheet include loans, liabilities, mortgages, income receivable, borrowings, guarantees, and accrued expenses.

Liability can be compared to assets. Debt is what you owe or owe. An asset is something you own or owe.

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Responsibility (generally) is something that owes someone else.

Liability may also mean legal or regulatory risk or obligation. In

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Current liabilities are short-term financial liabilities of companies that are due within a year or within the normal business cycle (such as accounts payable).

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2 years ago

Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of t

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Answer:

The standard cost is $5 per lbs

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Explanation:

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$(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: efficiency \: variance$

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actual quantity 3000.00

std cost ??

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The standard cost is $5 per lbs

each units uses 2 lbs, so the unit stadard cost is $10

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Answer:

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