Answer:
$3,520.65
Explanation:
The calculation of the future value is given below:
As we know that
Future value = Present value × (1 + interest rate)^number of years
= $250 × (1 + 0.0275)^5 + $450 × (1 + 0.0275)^4 + $650 × (1 + 0.0275)^3 + $850 × (1 + 0.0275)^2 + $1,100 × (1 + 0.0275)^1
= $286.32 + $501.58 + $705.11 + $897.39 + $1,130.25
= $3,520.65
We simply applied the above formula to find out the future value
Multiply $7.45 with 47 I think
Answer:
Investment on Gold Company 305,565
Goodwill 20,360
Carrying value 325,925
Explanation:
<em>Because our current control, we have to use the equity valuation</em>
<em>the net income increased our investment and the cash dividends decreased.</em>
beginning book value 275,400
+ 30% net income
30% of 125,600 = 37,680
-30% cash dividends
30% of 25,050 = (7,515)
ending I<u>nvestment on Gold Company 305,565</u>
<u />
<em>The goodwill will be amortized over 5 years using straight-line method</em>
<u>Goodwill</u>
300,850 - 275,400 = 25,450
life 5 years
25,450/5 = 5,090
amortization (5,090)
<u>Total 20,360</u>
The answer is to know the reliability of the informationa
