Entries are given.
DATE ACCOUNT TITLES DEBIT CREDIT
Dec 31,2019 No entry 0
No entry
(Considering that goodwill has an 0
infinite existence, goodwill should
not be amortised.)
Dec 31, 2019 Patent Amortization $10,000
[$75,000×(1/5)×(8/12)] patents
(To record patent amortizations for $10,000
8 months)
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Raising the prices of their jam after people start buying it because they will want that jam no matter the price if they even relize it has gotten more expensive
Answer:
The answer is $4,221.77
Explanation:
Present value = Cash flow/(1+r)^n
where n is the number of years
Cash flow 1:
$1,150/1.11^1
=$1,036
Cash flow 2:
$1,030/1.11^2
=$835.97
Cash flow 3:
$1,520/1.11^3
=$1,111.41
Cash flow 4::
$1,880/1.11^4
=$1,238.39
Present Value of all the cash flows is
$1,036 + $835.97 + $1,111.41 + $1,238.39
=$4,221.77
Answer:
The break even units of clock is 370 units.
Explanation:
Juniper Enterprises sells handmade clocks.
The variable cost per clock is $6.
The price of per unit of clock is $24.
The contribution margin per unit
= Sales - Variable cost
= $24 - $6
= $18
Break even units
= 
= 
= 370 units
Let x represent the main amount at 11% and by 8% = 170000 - x
Simple interest is equal to principle amount rate time 100
16300=x*11*1/100+
(170000-x)*8*1/100
x=90,000
170000-x= 80,000.
Simple Interest: What Is It?
- Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. Simple interest is determined by multiplying the daily interest rate by the principle by the number of days that elapse between payments.
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