Answer:
Revenue - 2016 = $60000
Explanation:
The accrual basis of accounting which follow the accrual principle states that the revenues and expenses for a period should match and should be recorded in the periods to which they pertain to. This means that even if a revenue has been earned and not yet received in cash, it will be recorded in the period in which it is earned.
To calculate the firm's revenue, we will use the following equation.
Revenue for the period = Closing Balance of Accounts receivable + Receipts - Opening Balance of Accounts receivable
Revenue - 2016 = 100000 + 30000 - 70000
Revenue - 2016 = $60000
Answer:
Number of vehicles to be sold to reach break-even point is 200,000 unit
Explanation:
<em>Computation of Dealer’s Discount:
</em>
Dealer Discount = MSRP * Rate of Discount
=$30,000×10%
=$3,000
<em>Computation of net selling Price: </em>
Net Selling Price = MSRP - Dealer ′
s Discount
=$30,000 - $3,000
=$27,000
<em>Computation of Contribution Margin: </em>
Contribution Margin = Net Sales - Unit Cost
=$27,000 - $20,000
=$7,000
<em>Compute the number of units to reach break-even point for Firm X.</em>
Break-even point = Fixed cost / Contribution per unit
=$1,400,000,000 / $7,000
=200,000 units
Therefore, number of vehicles sold to reach break-even point is 200,000.
Nb: MSRP means manufacturer's suggested retail price
Well, if people are discriminated against and feel they are not equal to some other classes in their own society, they obviously will not be happy which will have an impact on their jobs and careers. If they are not happy, they will not give their full potential at their jobs, which will ultimately lead to less and less income for the company.
That's what I think, at least. :)
Answer:
Present Value of savings = $33,7842.35
Explanation:
An annuity: A series of equal amount receivable or payable in the future for certain number of years is called an annuity. There are two (2) types of <em>annuity due</em> and <em>ordinary annuity.</em>
The present value of an annuity is the amount that needs to be invested today to generate a series of equal annual cash flows in the future.
The concept of present value is based on idea that $1 today is not the same as $1 tomorrow as the former can be invested to earn interest making it higher than the later. This called the time value of money.
To calculate the present value (PV) of an annuity, we discount the series of future cash flows by a required rate of return called the discount rate. The discount rate in this question is 8.50%.
Using the formula below we can can calculate the present value (PV):
PV = A × (1 - ((1+r)^(-n))/r)
where- PV- Present value, A- annual cash flow, n- number of years, r- interest rate
= 66,000 ×( 1-(1 +0.085)^(-7))/0.085)
=66,000 × 5.1188
Present Value = $33,7842.35
Answer: unconstitutional under the First Amendment.
Explanation:
From the information provided, in Diners’ suit against the city, the court would likely hold the ban on printed materials to be unconstitutional under the First Amendment.
Under the First Amendment, any law that limits or ban freedom of expression, religion, peaceful assembly, petitioning of the government is prohibited. Therefore, the action of the city is unconstitutional.
