Answer:
Holly must save $2845.81 at the end of each year
Explanation:
first calculate the value of tuition fees at n = 18
Cash flow formula = Tuition × 
Discounted CF formula = Cash flow ÷ 
10.00% 0
Year Cash flows Discounted CF
0 33,799.32 33799.32
1 36,165.28 32877.52
2 38,696.84 31980.86
3 41,405.62 31108.66
FV = $129,766.37
PV = 0
N = 18
rate = 10%
using PMT function in Excel
Annual contribution = $2845.81
Answer:
44.88 days
Explanation:
Note: The full question is attached
Average amount of accounts receivables = ($16,000+$14,000)/2
Average amount of accounts receivables = $15,000
Average days to collect receivables = Days * AR / Credit sales
= 365 * $15,000 / $122,000
= 44.87704918032787 days
= 44.88 days
Answer:
b.46 miles
Explanation:
Calculation to determine Corey's reimburseable mileage
Corey's reimburseable mileage= 15 miles + 18 miles + 13 miles
Corey's reimburseable mileage = 46 miles
Therefore As a result, Corey's reimburseable mileage is 46 miles
The answer is (C) Helps point to a set of actions that should occur
Answer:
(B) A noncurrent liability of $4,000
Explanation:
The non-current liability in respect of deferred tax shall be recognised in the accounts of Bren Co. as at December 31 as follows:
Deferred income tax liability related to non-current assets= $15,000
Deferred income tax asset related to non-current liability = ($3,000)
Deferred income tax asset related to current liability = ($8,000)
Deferred income tax liability to be recorded at year end = $4,000
So based on the above discussion the answer is (B) A noncurrent liability of $4,000
