Answer:
Present value= $3,642,651.54
Explanation:
Giving the following information:
You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments will increase by 4 percent per year. The appropriate discount rate is 10 percent.
First, we need to calculate the final value using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment= 530,000
i= 0.04 + 0.10= 0.14
n= 25
FV= {530,000*[(1.14^25)-1]}/0.14
FV= 96,391,538.43
Now, we can calculate the present value:
PV= FV/(1+i)^n
PV= 96,391,538.43/ (1.14^25)
PV= $3,642,651.54
Answer:
Quality of supervision
Explanation:
Herzberg's 2 factor theory included motivational factors and hygiene factors.
Motivational factors are those which enable an employees or a workers to contribute their best efforts with utmost efficiency.
Hygiene factors on the other hand convey to the contrary i.e such factors lead to a reduction in the productivity and efficiency of workers.
One of the hygiene factor specified by Herzberg is supervision as per which poor supervision or command leads to job dissatisfaction among workers.
An organization must eliminate hygiene factors so as the employees are motivated to work and contribute optimally towards attainment of organizational goals.
Answer:
d. Debit Bad Debt Expense; Credit Accounts Receivable
Explanation:
This would be the entry needed to write-off this account. This is an example of the direct write-off method of accounting. This is a method that is employed to recognize bad debts expense that arises from credit sales. This method does not permit allowance account. Instead, an account receivable is written-off directly to expense after the account is determined uncollectible.
Answer:
1) $141,000
2) $198,000
3) $ 61,000
4) $122,000
Explanation:
1) we sum ($80,000+$42,000+$19,000)= $141,00,0 according to the cost’s theory
2) we sum all amounts (80,000+42,000+19,000+22,000+35,00)= 198,000 we sum all amounts because those are the cost that the company incurred In the period.
3) Conversion cost we obtain summing direct labor+ manufacturing overhead ( 42,000+19,000)= $61,000
4) Prime costs we obtain summing direct materiales+ direct labor ( 42,000+80,000)= $122,000
Answer:
The total cost of the department’s ending work in process inventory is $684,000
Explanation:
The computation of the total cost is shown below:
= Material cost + conversion cost
where,
Material cost = (Transferred units + ending work in progress) × material cost per unit
= (68,000 units + 12,000 units) × $4
= $320,000
Conversion cost = (Transferred units + ending work in progress × percentage of completion) × material cost per unit
= (68,000 units + 12,000 units × 40%) × $5
= $364,000
Now put these values to the above formula
So, the value would equal to
= $32,000 + $364,000
= $684,000
